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FastPassCorp A/S

Listed on NASDAQ/Copenhagen

OVERVIEW

FastPassCorp’s vision is to make password processes easy and secure for large organizations. Our mission is to make password self-service and compliance easy. This means easy for end-users, easy to implement for IT department and easy to justify financially.

Our customer focus is on large organizations and Managed Service Proviers with many internal users and complex requirements including different types of passwords like Windows, SAP, Oracle, IBM etc.

We deliver FastPass Password Manager as an on-premise solution or as a Cloud service. Furthermore, we have built the most comprehensive knowledge of processes to make self-service password work in our model: FasPass Best Practices to self-service of password success! 

We help customers with self-service of passwords through professional local partners.

FastPass is used worldwide and has passed one million end-users years ago.

FastPassCorp A/S is a public listed company on Nasdaq/Copenhagen/FirstNorth exchange since 2007.

COMPANY BACKGROUND

FastPassCorp is the provider of FastPass, the technology leader in Enterprise Password Management solutions for mid-size to large enterprises and Managed Service Providers.

Founded in 2000, as an IT Services company in Identity & Access Management, the company soon became one of the leading Services companies in the emerging Identity Management business. The company engaged in large Identity Management projects, pre-studies and training.

Since 2005 FastPassCorp has provided the FastPass solution and is now shipping in Version 3. The development of FastPass V3 was started in 2007 and is designed to support the needs in Enterprises and Managed Service Provider environments. This transition and the growing need to support the market led to a successful IPO on First North Nasdaq Copenhagen Exchange (ticker: FASTPC)

The result of the SW focus and the partner strategy has been strong growth, resulting in more than a million users now on FastPass technology. FastPass technology is installed  world-wide, ranging from small accounts to very large Managed Service Providers.

The financial result for 2016 included good profitability and a strong balance sheet.

Executive team

Tommy Larsen, Chairman

Tommy is CEO and Partner of Operator Systems, a software company in Manufacturing execution systems.
Before that Tommy was VP for the sale in North EMEA in Manufactoring and Distribution at Lawson software. Earlier that he held different positions in the company in general management
and sales. Before the aquisition by Lawson Software he was Country Manager at Intentia. Prior to that he held various positions in sales at Lindhard Computer Systems, Digital Corporation and Unisys. Tommy also has a number of board positions primarily in software companies and in real-estate.
Nicolai Platzer, Board member
Nicolai has been investor in FastPassCorp since the public listing in 2007. He is today a major shareholder.
Nicolai is cand-merc in Finance and accounting from Copenhagen Business School.
He is chairman of Dansk Finansvejledning ApS, Finansvejledning Consult-Nord ApS and memeber of the board of Choconord ApS.
Nicolai’s carreer has been primarily in Finance and management in optimizing capital and investments.
Jess Julin Ibsen, Board Member
Jess has a long executive career with large IT and telco companies .
Senior Vice President, IT Operation Services NNIT A/S, a company in the NOVO-NORDISK group. Vice president of operations TDC. Prior to the employment with TDC, Jess spent 11 years in various senior management positions in CSC (Computer Sciences Corporation), where amongst others he was Director of Managed Web Services for the EMEA and Asia Pacific Regions, was Director of Service Delivery for the SAS Group Account globally and was Director of the Infrastructure Services Division for the Nordic and Baltic countries.
Jess holds a M.Sc. degree in Industrial Engineering and Management from Technical University Denmark and a B.Sc. in International Business from Copenhagen Business School. Furthermore he has completed Postgraduate studies at INSEAD, Cornell University and Wharton Business School.
Finn Jensen, Chief Executive Officer 
Finn brings wealth of business and management experience to FastPassCorp. As the CEO of several IT companies Finn has most of all brought profitable growth in different IT environments. But also to keep focusing on partner and customer relations is important to stress. Finn is in charge of general management and relations with key partners in FastPassCorp. Finn’ background covers partnering ownership of Service Providers, ERP vendors and CEO positions of international companies.
Before joining FastPassCorp, he was CEO and partner in Alpha IT – a Managed Service Provider focusing on small and medium size companies. Before that he was CEO and partner in Guidex – an ERP vendor primarily targeting midsized companies. He also carried out CEO positions at Bull Denmark and Bording Data and served as Director of System Integration at Bull Northern Europe. Finn started his career as sales manager at IBM Denmark and as Sales Director at Tandem Computer.
Finn holds a Bachelor in economics from Aarhus University.

Testimonials

”We strive continuously to improve our service. It is important to us to deliver modern and simple solutions helping customers to a more efficient operation. The cooperation with FastPass is yet another step in this direction”.

Mads Jacobsen
 Associate vice president

... seen an 80% reduction in assisted password resets. We’re very satisfied with the product. It has significantly freed us up from frustrating and unrewarding password resets

Oliver Holmes

Deputy Director, Technology and Operations

... The numbers have grown to the point that it would be impossible to operate in today’s busy environment without a password management service

 

 

FastPass handled 2,531 password calls, or more than 80% of the total password calls from all the users.

Per Kristensen

Project manager

 

...we have met our Customers’ Service and Cost Improvement challenges by reducing our call abandon rates by over 55% and our average wait times by over 60%, despite our overall budget being reduced.

Pete Townley

Lead Service Delivery

 

… about 90% use FastPass to reset their passwords. So we’ve seen a substantial reduction in calls to the help desk.

Winston Hughed

Vice President IT

 

We are very pleased with the product.  Fast pass has simplified password management and eliminated many password related calls

 

Chuck Mick

ERP Manager

Nyrstar has chosen FastPass to automate and improve the processes related to users’ forgotten passwords. This has improved user satisfaction and reduced the workload in the IT HelpDesk.

The number of forgotten passwords per involved user per year has dropped from 1,6 to 0,3. This is an improvement of 83%!

Hans Lauwers

SAP

 

... The numbers have grown to the point that it would be impossible to operate in today’s busy environment without a password management service

Haydn Tarr

 IT Technical Lead & Coordinator

 

Our employees use it to synchronize their Windows password with their IBM i password when they need to be changed every 90 days due to compliance. We find this is a quiet, behind-the-scenes way for our employees to change and remember their passwords.”

Larry Marxen

Director of Information Systems

 

FastPassCorp A/S 1350 Avenue of the Americas, 2nd Floor, New York, NY 10019, USA FastPassCorp A/S Lyngby Hovedgade 98Kgs. Lyngby, DK 2800 Denmark

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