) recently launched Mobile Authentication as a Service ("MAaaS")
solution for the federal agencies. The solution is supported by
Daon's identity authentication technology and will be provided in
collaboration with the
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The CGI Group is one of the few cloud services providers to
receive authorization under The Federal Risk and Authorization
Management Program ("FedRAMP"), which looks after the security
aspect of cloud products and services.
Akamai will deploy the MAaaS solution by using CGI's
Infrastructure-as-a-Service (IaaS) platform. The solution can be
used to authenticate a number of devices that include
smartphones, tablets and wirelessly connected laptops.
The MAaaS authentication process can be customized according to
the need of the application and the risk policy of the business
or enterprise. Unlike a single or 2-factor authentication layer
from traditional mobile security solutions, MAaaS has a 7-factor
authentication layer, which makes it a far more secured solution.
The growing adoption of "Bring Your Own Device (BYOD)" programs
in both public and private sectors has become a significant
challenge for IT administrators. Although IT departments
generally have a well-laid down user policy, security and
compliance issues continue to remain the primary headwinds.
This is due to the fact that IT departments have minimal control
over the hardware and software used by employees. If employees do
not adhere to IT policies (intentionally or negligently) personal
devices used for official purposes can pose serious security
threats to organizations.
In this respect, we believe that the usage of solutions such as
MAaaS will increase rapidly going forward. Although the current
solution targets federal agencies, we believe that Akamai will
eventually launch the solution for the private sector to meet
We believe that Akamai has significant growth prospects in the
cyber security market going forward. Akamai's cloud-based web
security solutions have been well received by enterprises as
reflected through the 273.0% sales growth in 2012.
However, intense competition from well established players such
) will make it difficult for Akamai to gain market share in the
Currently, Akamai has a Zacks Rank #3 (Hold).