OneLogin, a cloud identity and access management provider, has made London its EMEA HQ amid a major international expansion.
CEO Brad Brooks said the company had chosen to coordinate its regional growth from its London office because “the quality of engineering talent [in the city] is very high” – in what will be seen as a vote of confidence in London’s tech sector as the UK prepares to leave the EU.
Just over a year ago, the firm made headlines around the world after revealing it had suffered a major data breach. But investor confidence appears to have returned, with the company announcing a $22.5m funding round earlier this month. Over the last seven months, it has scaled up its global workforce by more than 30 per cent.
OneLogin claims to be the only vendor offering clients access through a single ‘pane of glass’ to applications in both the cloud and on-premises data centres. It calls this ‘unified access management’ and values the market at $20bn.
“The big spend is moving into the cloud so you need to have a solution that can handle both,” Brooks tells NS Tech. “Otherwise you’re asking your customers to have two different solutions – one for their legacy on-prem applications and one for their cloud apps.”
Brooks was appointed CEO of OneLogin in August last year, around two months after details of the cyber attack emerged. Since the breach, the firm has hired a new chief security officer and put new security measures in place. “It has made us who we are,” Brooks told VentureBeat in March. “It didn’t kill us, but it certainly made us stronger.”
Thomas and Christian Pedersen, the two Danish brothers who founded the company in 2009, now serve as CTO and chief architect respectively, having stepped down from the CEO and CTO positions. “Our biggest growth market is Europe, which might be surprising for some to hear, but it goes to the DNA of the company,” says Brooks. “Our two founders have given us a particular focus on the European market.”
In the UK, the firm now counts the British Red Cross and Tesco as clients, and globally is working with organisations in manufacturing, military, retail and government.
While cloud expenditure is continuing to grow in these sectors and others, some cloud service providers are now offering hybrid solutions for organisations that want to leverage the cloud while retaining some of their data on-premises for security purposes. Brooks predicts: “Government and large enterprises are going to be hybrid environments [with cloud and on-premises data centres] for a long time to come”.