RSA just announced strategic investments to accelerate its growth in the Canadian market at the InCyber Forum North America. Following a 444% increase in its Canadian SaaS business YoY and after making significant investments in staff, partners, and distributors throughout the country, RSA will devote additional investments to fuel its growth in the country.
As a further commitment to the Canadian market, RSA will launch a new cloud tenant in the country to meet the growing demand for RSA® ID Plus, the only identity and access management (IAM) platform that can support cloud, hybrid, and on-premises configurations. The launch will help Canadian government agencies, financial service providers, critical infrastructure, and other leading organizations align with the Privacy Act, the Personal Information Protection and Electronic Documents Act (PIPEDA), and the Directive on Digital Service. It will also ensure that local organizations can deploy a unified identity platform to secure authentication, access, governance, and lifecycle across their environments.
“Canada is a strategic market for RSA,” said RSA CEO Rohit Ghai. “Our growth in the country, unmet market demand, and success with some of Canada’s top organizations and government agencies made the case for RSA to invest significantly in Canada. These investments will help more Canadian businesses deploy the unified identity capabilities needed to prevent cyberattacks and catalyze productivity.”
“By moving to the cloud, Canadian organizations accelerate productivity, optimize costs, and introduce new risks that target identity,” said RSA Chief Product Officer Jim Taylor. “To realize the benefits that come from working in the cloud and account for its new risks, government agencies, financial service providers, critical infrastructure providers, and other leaders should prioritize a unified identity platform that secures authentication, access, governance, and lifecycle.”
“RSA has been working in Canada for decades, and in that time our investments in our solutions, team, and local partners have helped accelerate market demand for our cloud-based business,” said Peter Jantzen, RSA Head of Sales, Americas. “These investments will help Canada’s businesses scale along with the rest of the market and move to the cloud securely.”
In addition to increasing its SaaS business in Canada by more than 4X over the last year, RSA saw overall SaaS sales grow in the Americas by 2X YoY in the same period.
An overwhelming majority of Canadian companies (92%) use some form of cloud computing. While cloud technologies provide businesses with unique benefits, they also introduce significant security risks: the IBM Cost of a Data Breach Report 2023 identified migration to the cloud as one of the biggest cost amplifiers on the financial impact of a breach. The report also noted that the most common form of cloud breaches “included data that spanned multiple environments—including cloud and on-premises.”
RSA will launch its new tenant in the first half of 2024 and will move aggressively to support any customers with securing their cloud environments in the interim.