Arcot Systems Wins Morgan Stanley’s Innovation Award
Sunnyvale, CA – July 15, 2010 — Arcot Systems, Inc., global leader in delivering cloud-based authentication and fraud- and risk-management solutions, and Morgan Stanley (NYSE:MS) today announced that Arcot has won this year’s prestigious Innovation Award presented recently at Morgan Stanley’s 10th Annual CTO Summit.
The award was presented to Arcot by David Reilly, Morgan Stanley’s CIO of Enterprise Infrastructure, on June 16 in Palo Alto, Calif.
“Each year we give an Innovation Award to a vendor that we first met at the CTO Summit that was subsequently able to address one of our pressing needs,” said Reilly.
Morgan Stanley has hosted a conference for chief technology officers annually since 2001. At the summit, Morgan Stanley’s IT organization presents its vision of results it expects to achieve and the technology areas it wants to focus on. Each year, Morgan Stanley has selected as winner of its Innovation Award one company whose solutions have been deemed innovative and have created a significant impact on Morgan Stanley’s business.
“This is truly wonderful news,” Arcot CEO Ram Varadarajan said in a message to company employees. “We can all be proud that Arcot’s market-leading products are embraced in high-profile applications by global leaders like Morgan Stanley. It’s rewarding to see that Morgan Stanley places such a high premium on Arcot’s combination of high security and high convenience in making security work in very sensitive environments.”
With tens of thousands of customers, including leading global IT, banking, pharmaceuticals, services providers and other enterprise accounts, Arcot enables organizations to protect their users from fraud transparently -- without requiring expensive hardware or tokens.
Arcot security solutions can be deployed in the cloud and provide single sign-on (SSO), fraud detection and strong authentication for software-as-a-service (SaaS), internal or mobile applications to deliver the right balance of cost, convenience and strength. Taken together, Arcot’s hosted and on-premises solutions make Web transactions and online access safe for more than 100 million consumer, enterprise and e-Commerce users worldwide.
About Arcot
Arcot is the Cloud Authentication Leader. Our solutions make Web transactions and online access safe for millions of consumer, enterprise, and e-Commerce users. Organizations can transparently protect their users from fraud without requiring expensive hardware. Arcot fraud prevention, strong authentication, and e-Document security solutions can be deployed with SaaS, internal or mobile applications delivering the right balance of cost, convenience and strength.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
Contacts
Carol Alexander Arcot Systems, Inc. +1-408-969-6174 or +1-650-576-8740
Alyssa Filipps Arcot Systems, Inc. +1-408-969-6173
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