Chicago, IL, August 29, 2014 --(PR.com
)-- QuickLaunch SSO, a leader in cloud single sign-on, today announced it has secured a $2 million round of Series A1 venture capital from the EduTech Venture Fund. QuickLaunch SSO will use the funds to continue its expansion in the United States and Europe to accelerate software development and talent acquisition.
“I forgot my username and password!” is one of the most common problems of the Internet. QuickLaunch SSO addresses this problem by enabling users to use one username and password to login into all of their websites and enterprise software applications on any device.
QuickLaunch SSO has seen explosive grown since its inception in 2012. QuickLaunch SSO is used by over 200 enterprise clients and has over a million paid subscribers. QuickLaunch SSO comes out-of-the-box with single sign-on interfaces to thousands of websites and enterprise software applications such as Salesforce.com®, Amazon®, Facebook®, Pandora®, Workday®, SAP®, Oracle Peoplesoft®, Dropbox®, Microsoft Office 365®, Netflix® and Google Apps®.
“I would like to thank the EduTech Venture Fund for investing in QuickLaunch SSO,” said Katie Winings, founder and Chief Executive Officer at QuickLaunch SSO. “With these funds we will expand our subscriber base in the United States and Europe and accelerate adding new features.”
“We are pleased to make an investment in QuickLaunch SSO,” said Anjli Jain, Executive Director of the EduTech Venture Fund, who will be joining the company’s Board of Directors. “We made this investment because QuickLaunch SSO has proven its mettle by achieving profitability. We look forward to QuickLaunch SSO’s continued subscriber and functionality growth.”
QuickLaunch SSO’s platform differentiates itself from its competitors OneLogin®, Okta® and PingID® based on the following points:
· 50% lower price than OneLogin®, Okta® and PingID®
· Native support for Microsoft Sharepoint 2013®, Liferay®, Ellucian Portal®, uPortal®, eXo Portal®, LookingGlass®, Peoplesoft Portal®, Jenzabar ICS®
· Native support for SAML®, CAS® and Shibboleth®
The company will be seeking a follow on A2 in October before it closes its Series A round of financing.
About QuickLaunch SSO
QuickLaunch SSO, a leader in cloud single sign-on, solves the “I forgot my username and password!” problem. QuickLaunch SSO’s catalog contains thousands of websites and enterprise software applications such as Salesforce.com®, Amazon®, Facebook®, Pandora®, Workday®, SAP®, Oracle Peoplesoft®, Dropbox®, Microsoft Office 365®, Netflix® and Google Apps®.
About the EduTech Venture Fund
The EduTech Venture Fund invests in early stage enterprise software, Internet and mobile companies that target the education market or companies created from intellectual property technology transfer from colleges and universities. The EduTech Venture Fund helps founders turn imaginative ideas into enduring companies.
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