Authasas
Provides authentication and security solutions to enterprises.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Established in 2009 in The Hague, Netherlands, Authasas emerged as a specialized developer of strong authentication software for the information technology sector. The company was founded by Menno Stijl, who also served as the Chief Technology Officer, leveraging a leadership team with extensive experience in authentication hardware and software. Authasas developed a centrally managed software platform focused on providing robust authentication, authorization, and audit capabilities for sensitive information.
The core of Authasas's offering was its Advanced Authentication platform, an Identity and Access Management (IAM) solution catering to businesses of all sizes, from small enterprises to large corporations. This platform was designed to address the security needs of industries handling sensitive data, such as healthcare, finance, and IT services. It supported a wide array of authentication methods including biometrics, smart cards, mobile applications, one-time passwords (OTPs), and federated authentication. Key features included support for RADIUS compliant clients, OATH OTP authenticators like Google Authenticator and YubiKey tokens, and options for strong re-authentication.
The company operated on a subscription-based business model, with pricing structured per user on a monthly or yearly basis, offering different tiers for small, medium, and large businesses. Before its acquisition, Authasas was backed by venture capital, with investors including TIN Capital and Lighthouse Investments. In a significant milestone, Authasas was acquired by Micro Focus International on July 17, 2015, for $10M, marking its successful exit as a formerly VC-backed company. Micro Focus was later acquired by OpenText in 2023.
Keywords: strong authentication, identity and access management, IAM solutions, multi-factor authentication, cybersecurity software, network management software, authorization software, audit capabilities, one-time password, biometrics authentication, smart card security, mobile authentication, federated authentication, RADIUS compliant, OATH OTP, information security, data protection, enterprise security, acquired by Micro Focus, Menno Stijl