Press release
PRESS RELEASE:USPTO has granted SSH.COM a key patent for PrivX® technology
Helsinki, Finland – January 02, 2020 – The United States Patent and Trademarks Office (USPTO) has granted SSH patent number US10523445, which covers secure passwordless access to hosts in hybrid networks comprising on-premise and cloud resources. Further patent applications for the invention are pending in the EU and other relevant jurisdictions.
According to a recent study by IBM , 85% of enterprises operate multi-cloud networks, with 98% of enterprises planning to use multiple hybrid clouds. A vast majority of these enterprises also have large existing on-premise server estates that they continue to operate together with their cloud resources for the foreseeable future.
The patent provides SSH's PrivX offering a sustainable differentiating edge in the market of next-generation Privileged Access Management (PAM) tools in hybrid networks, which are an essential bridge in the current transition from legacy on-premises based computing to cloud-based computing. The ability to frictionlessly support hybrid environments is a critical competitive advantage in the fast-growing multi-billion-dollar PAM market.
“We are pleased that the USPTO recognized the uniqueness of our PrivX technology and granted this patent,” said Kaisa Olkkonen, CEO of SSH.COM. “The patent validates the novelty and uniqueness of a key differentiating concept of PrivX that allows safe just-in-time access hybrid networks in a manner that is transparent to the user.”
SSH has an extensive portfolio of over 70 patents or patent applications that covers all key products and creates shareholder value by giving SSH both freedom to operate and significant product differentiation in the market.
About SSH Communications Security
SSH.COM helps organizations access, secure, and control their digital core – their critical data, applications, and services. We have over 3,000 customers worldwide, including 40 percent of Fortune 500 companies, many of the world's largest financial institutions, and major organizations in all verticals. We are committed to helping our customers thrive in the cloud era with solutions that offer secure access with zero inertia, zero friction, and zero credentials risk. SSH.COM sells online; through offices in North America, Europe, and Asia; and a global network of certified partners. The company's shares (SSH1V) are quoted on the NASDAQ Helsinki. For more information, visit www.ssh.com.
For more information:
SSH Communications Security Corporation
Jussi Mononen, VP Business Development
jussi.mononen@ssh.com
tel. +358 45 6154855
