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Ontario Teachers' Pension Plan Selects Securent for Enterprise-wide Entitlement Management - One of Canada’s largest pension funds to meet internal compliance requirements and secure clients’ financial data with Securent’s Entitlement Management Solution
Ontario Teachers' Pension Plan Selects Securent for Enterprise-wide Entitlement Management

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2007/04/23 - One of Canada’s largest pension funds to meet internal compliance requirements and secure clients’ financial data with Securent’s Entitlement Management Solution.

   
 
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Securent, Inc., the award-winning leader in the Entitlement Management market, today announced that the Ontario Teachers’ Pension Plan (Teachers’), one of the largest pension plans in Canada, has selected Securent’s Entitlement Management Solution (EMS) to serve as its entitlement management platform.

The Teachers’ pension plan is an independent corporation that administers pensions for more than 271,000 active and retired teachers, and is responsible for investing assets totaling $106 billion (CAD). Now with Securent, Teacher’s pension plan administrators have more visibility and centralized control over fine-grained authorization and entitlement policies.

“The Ontario Teachers’ Pension Plan is entrusted to manage the pension contributions and benefits for hundreds of thousands of teachers across the province, and we take extraordinary measures to safeguard their private pension information,” said Rosemarie McClean, Teachers’ Senior Vice-President, Member Services. “Entitlements dictate who in our organization is allowed to do what, and thus represent a critical layer in our overall security framework. We selected Securent because our independent analysis revealed that their EMS is the best solution for our authorization and entitlement management needs.”

Securent EMS enables organizations to secure sensitive applications and data with ease and precision. For the first time, organizations can benefit from a proven XACML standard-based solution to create, enforce, review, and audit fine-grained access policies across heterogeneous application and IT environments distributed throughout the enterprise, all with centralized management and visibility. Securent provides a more scalable and cost-effective alternative to custom coding of fine-grained access controls into applications. Loosely coupling entitlements with application services, Securent EMS is also a key infrastructure service in an effective SOA deployment. The results, as seen in Fortune 1000 deployments, include improved security and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, the Gramm-Leach-Bliley Act (GLBA), Basel Capital Accord (Basel II), and the National Association of Securities Dealers Rule 2711 (NASD 2711).

The Teacher’s pension plan follows stringent internal compliance requirements. It knew that writing and embedding entitlements into individual applications would be costly and difficult to manage. In addition, reviewing and checking access was proving to be a time-consuming endeavor that required the pension plan to reallocate precious IT resources. Without a uniform mechanism to control access, Teachers’ pension plan could encounter increased risk and vulnerability.

Teachers’ pension plan defined several criteria during the process of selecting an entitlement management solution, including the requirement that the solution be based on open-standards to ensure that it could easily integrate into its heterogeneous infrastructure. With many of its applications running as web services, Teachers’ pension plan also required that its entitlement management solution operate seamlessly in a distributed, service-oriented architecture.

Following a rigorous evaluation process, Teachers’ pension plan selected Securent EMS due to Securent’s proven breadth of functionality, ease of use and integration, small footprint, performance and scalability, product extensibility, and support for open industry standards including XACML. To gain the necessary level of control over their application environment, Teachers’ pension plan is deploying Securent EMS across dozens of business-critical components that power its Member Services portfolio.

“The Ontario Teachers’ Pension Plan is one of many organizations to realize that externalizing entitlements from applications is not just smart from a security standpoint, but it also makes good business sense,” said Carmen Parisi, Securent VP of Sales. “With Securent EMS, the pension plan will be able to manage and enforce policies in a more consistent manner that will help ensure that the organization remains in compliance with corporate policies and, more importantly, that their members’ private information remain secure.”

About Securent
Securent is the leader in Entitlement Management. It has delivered the industry’s most robust XACML-standard based entitlement management solution that has been proven in mission-critical enterprise environments, enabling organizations to secure sensitive applications and data with ease and precision. Securent’s Entitlement Management Solution (EMS) leverages patent-pending technological advances to allow enterprises to enforce entitlement policies at very high performance across a heterogeneous IT stack, and to manage, enforce, and audit the policies on-demand at a centralized console. The significant cost, time to market, and compliance benefits of EMS have been proven at many Fortune 500 customers. Securent has been recognized by the industry’s leading analysts, including Gartner, Burton Group, and Forrester Research. Headquartered in Mountain View, Calif., Securent is venture backed by Greylock Partners and Onset Ventures.

Securent and Securent Entitlement Management Solution are registered trademarks of Securent, Inc. All other product and/or company names mentioned herein may be trademarks of their respective holders.

 
 
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Ontario Teachers' Pension Plan Selects Securent for Enterprise-wide Entitlement Management

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