The nature of business has changed dramatically over the past several decades. The traditional charter for most businesses used to be singular in focus, whether small, medium or large: to be the best at providing a service or producing a product. The dot-com revolution in many ways changed this singularity and sped the creation of multiple services, products and various combinations of both. Organizations like IBM became service-oriented and sold off traditional lines of business such as their notebook divisions.
E-commerce giants like Amazon started by cornering the market on providing goods to consumers and quickly branched out to provide cloud services to other companies. Currently, they are competing with Google on the viability of same-day produce delivery in the U.S.
Today businesses are as diverse as a nation’s people. Those that seem content to provide one good or service are few and far between, and often experience difficulty competing with organizations that offer greater variation in products or services. One characteristic, however, that all these organizations share is the need for these organizations to access their infrastructures in a centralized fashion.
How do companies with multiple brands and different network accounts for each brand manage the complexity of accessing multiple back-end and front-end systems? Before we address that question, let’s also explore another modern business phenomenon: mergers and acquisitions.
M&A activity is growing at a steady pace in the U.S. and this trend is not expected to slow anytime soon. If anything, it looks like it’s increasing in pace.
According to a recent study by global consulting group, Deliotte:
“Over the past 18 months, merger and acquisition (M&A) activity has accelerated meaningfully in the U.S. That trend is poised to continue, if not accelerate, in many industries, among public and private firms and for both corporations and private equity firms, large and small, according to the survey findings included in the first annual Deloitte M&A trends report.”
In fact, a full 84 percent of corporate executives surveyed said they anticipated a sustained, if not accelerated, pace of M&A activity in the next 24 months. Why? Because 59 percent of survey respondents said their cash piles have grown over the past two years. Meanwhile, U.S. stocks have continued to rise, providing companies with currency to initiate transactions.
These changes in M&A activity and the merging of back and front-end computing systems beckons the same questions as above: how do companies with multiple brands and different network accounts for each brand manage the complexity of accessing multiple back-end and front-end systems?
One answer to this question is through Simplified Password Manager solutions that support multiple realms.
Putting It Together Simply with Hypersocket Password Manager
Traditionally password management solutions have been one to one in terms of servicing multiple-domains from a centralized location. The results of that drawback has been a loss of time suffered by both parties and an increase in cost usually incurred by the company.
Solutions like Hypersocket Password Manager have revolutionized password management by providing full multi-tenancy, giving you the unprecedented ability to create, build and manage multiple environments whether for multiple businesses, customers or divisions, and all from the same single install.
As a result, if you have a retail company dedicated to selling boots purchase a cosmetics organization, with Hypersocket Password Manager you can manage both realms from one location. That makes any merger a much smoother operation, and allows the core company do diversify without worrying about the password security of their underlying infrastructure.
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This Blog was brought to you by Hypersocket and its CEO, Lee David Painter. With over 20 years of industry experience as a pioneer in IT Security, Lee developed the world’s first OpenSource browser-based SSL VPN (SSL-Explorer). Today Lee runs Hypersocket, a leader in virtual private network technology.