Grid Dynamics Signs a Strategic Partnership With Secret Double Octopus to Protect Global Organizations Against Cyber Attacks at a Time of Rapid Workforce Shifts and Growing Regulatory Demands

SAN RAMON, CA / ACCESSWIRE / June 6, 2022 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation services and solutions, today announced a strategic partnership with Secret Double Octopus (SDO), a global leader in next-generation workforce authentication solutions. The Octopus Authentication Platform provides a unified user experience and a consistent way to access workstations, remote services, cloud applications, and on-prem systems while providing stronger protection against cyber-attacks.

“As we are constantly witnessing the advent of a highly remote, mobile workforce and explosive growth of automation, even the best security departments are struggling to keep up. New approaches are needed,” stated Stan Klimoff, Chief Strategy Officer at Grid Dynamics. “Our strategic partnership with SDO is the latest addition to Grid Dynamics’ cybersecurity portfolio, and we are excited to be able to offer to our customers the best in passwordless authentication”.

The Secret Double Octopus partnership will provide Grid Dynamics’ significant roster of worldwide Fortune 1000 customers access to multifactor authentication offerings, at a time when multifactor authentication is of critical importance, given the prevalence of remote work. McKinsey estimates approximately 20 to 25% of advanced economy workforces work from home between three to five days a week, a four to five times higher percentage than before the pandemic.

“We know first-hand that Grid Dynamics is building some of the most complex cloud and analytics systems in the world,” said Raz Rafaeli, Co-Founder & CEO of Secret Double Octopus. “Complex environments demand complex security measures, and these systems are often prime targets for attackers. In partnership with Grid Dynamics, we aim to reduce that complexity to enable our customers to grow confidently and securely. We’re excited to be partnering with Grid Dynamics to reduce that complexity for our customers to grow confidently and securely.”

Founded in 2015, Secret Double Octopus works to address the rapidly growing need for passwordless authentication and remote-access security in enterprise environments. Its solutions allow Grid Dynamics customers to leverage biometrics, mobile devices, and security keys to protect company assets, without the need to rely on fragile password-based authentication methods to log into workstations, cloud services, legacy applications, and other workplace tools.

About Grid Dynamics

Grid Dynamics (Nasdaq: GDYN) is a digital-native technology services provider that accelerates growth and bolsters competitive advantage for Fortune 1000 companies. Grid Dynamics provides digital transformation consulting and implementation services in omnichannel customer experience, big data analytics, search, artificial intelligence, cloud migration, and application modernization. Grid Dynamics achieves high speed-to-market, quality, and efficiency by using technology accelerators, an agile delivery culture, and its pool of global engineering talent. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the US, UK, Netherlands, Mexico, Switzerland, India, and Central and Eastern Europe.

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