Symplified Raises $9 Million For Cloud Security Solutions

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Symplified, which provides identity and access management tools for cloud applications, has secured $9 million in Series B funding, bringing its total financing to $18.8 million.

The round was led by existing Symplified investors Granite Ventures and Allegis Capital, and included a strategic investment by Quest Software.

The company plans to raise more funding this year.

Symplified says 2010 was a “breakout year” for them, claiming to have grown revenue 700 percent year over year to reach a multi-million dollar run rate and surpassing one million licensed users for its cloud identity and access management service.

The company is led by the team behind Securant ClearTrust, the identity management software vendor that was acquired by RSA Security for $140 million.

Symplified has a strategic partnership with Amazon in place, and last year launched the Trust Cloud on Amazon Web Services to become the only provider of identity management services on Amazon’s cloud platform.

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