[MUSIC PLAYING] Welcome, welcome, welcome to Unite. This is so exciting. This is the event in which we unite all of our customers and all of our great channel partners with all of our leading product and engineering team members to make sure that we are collecting this group together. There's never been a better name for an event than Unite. We are all here to unite against a common cause of stopping the hackers and the cyber criminals.
There's over 1,000 cyber security professionals that have attended Unite events this year. It is one of the largest events in the identity management space. So give yourselves a round of applause for that.
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So we're now very proud to boast that we have over 11,000 global customers running the One Identity products. We manage over half a billion identities.
We've got a philosophy that growth is critical. Growth is the engine of any vibrant business but not at the expense of profitability. And I can report today that last year we set a record for profitability at One Identity.
So why is that so important? Well, that allows us to invest in innovation and in R&D and to support you, our customers, and our partners. So profitability is paramount. It's critical.
We're also into a couple of years of the Unified Identity platform. This is a groundbreaking solution we're going to talk about a little bit later and how this is really leading a lot of market trends.
We want to meet you, our customers, where you want to be met. Many of our competitors will impose a direction, but whether you are a cloud first company, whether you require an on-premise because of regulatory requirements or other requirements, or a hybrid approach, we are committed to always delivering the solution that is best fit for you. And we are constantly innovating. Earlier this year, we launched our PAM Essentials, a solution-- a light solution for privileged access management that deploys in days instead of in months and potentially years.
So why do we do what we do? Well, this is our mission statement, and we wake up every single day living these norms to protect and simplify access to digital identities, enabling a safer and more secure world. We are aligned with you and your objectives here, and we live this credo on a daily basis. We're really proud of all of our customers and the successes that we've been able to enjoy together. But don't just listen to me.
I always like to give some of the industry statistics. So let's go through a couple of these. Forbes' list of their global 2000 companies, 27 of the top 50 are One Identity customers. 10 out of the top 10 banks One Identity customers. If you look at those companies with leading market capitalization, essentially the largest companies on the planet, six of the top 10 are our customers. We're proud to call customers like Volkswagen, BMW, Hilton, Johnson & Johnson, Bank of America, JP Morgan.
We have one of the greatest channels programs in the identity management marketplace. We're considered a leader because the channel underpins and-- underpins everything we do. So we love to go to market with our partners. Why? Because they extend our reach and our capabilities.
They bring together the whole suite of solutions, some of which are identity based and some of which are outside of strict identity management.
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