First published on The New Stack. A problem starts to reveal itself. The team has finished a minimum viable product’s (MVP) business features, and user personally identifiable information (PII) has merged into the same domain as other core objects. Social logins bring their own attributes that need to be captured but don’t line up.
We’re excited to announce that WSO2 API Manager 4.1—a complete platform for building, integrating, and exposing digital services as managed APIs in any environment—is now available. This release improves productivity in development and operations, expands support for different protocols and third-party technologies, and completes the product’s analytics story.
Anybody interested in providing products and services to consumers dreams of building a start-up. For any entrepreneur who aspires to create a market-leading product, this is the first step. In the post-covid pandemic era, you may easily start a digital business by simply creating a website. However, exposing all of your services and products on an internet platform has become a requirement. You will not be able to survive in the market if you do not do so.
While the year 2021 was a huge success, we've re-energized ourselves for 2022. By launching new cloud platforms, we began our path to radically simplify the production of digital experiences for our clients. This allows us to offer products and solutions as software as a service (SaaS), private cloud, or on-premises, with the ability to seamlessly move between the three alternatives in the future.
Customer identity and access management (CIAM) has become indispensable for organizations. According to an article by the Business Research Company, the CIAM market is expected to reach $45.56 billion in 2025, at a compound annual growth rate of 18.6%. The research firm adds that the increasing use of Internet of Things (IoT) devices — such as smartphones, smartwatches, smart homes and medical sensors — will be the primary driving factor for this growth.
WSO2 Identity Server is the most popular open-source CIAM system on the market, and it is widely used by educational institutions and government agencies as an on-premise CIAM solution. Single sign-on/sign-out (SSO), identity federation, strong authentication, identity administration, account management, identity provisioning, fine-grained access control, API security, monitoring, reporting, and auditing are all possible with WSO2 Identity Server's seamless integration capabilities.
WSO2 passed many key milestones in 2021: by year-end, we had over 700 customers in nearly 90 countries, our annual recurring revenue (ARR) grew 31% to reach $63.3 million, and we achieved a net dollar retention (NDR) of 109%. We also expanded the team from 550 to over 900 employees in less than two years and hired several key senior leaders.
