Passlogy

What Passlogy does

Passlogy Co., Ltd. (パスロジ株式会社) is a Japan-based cybersecurity company founded in February 2000 and listed on the Tokyo Stock Exchange TOKYO PRO Market (securities code 4426) since December 2018. The company develops and sells identity authentication software built around its proprietary PassLogic matrix-based one-time password (OTP) method, in which a browser displays a randomized number grid and the user extracts digits along a pre-set secret pattern to generate a one-time password, removing the need for hardware or software tokens. Passlogy is the sole worldwide licensor of this patented technology, backed by 125 patents (38 Japan, 87 overseas) covering matrix OTP, Login Protect, TACP, and 4Login methods.

The product portfolio centers on PassLogic, a multi-factor authentication platform offering nine authentication methods (matrix OTP, client certificates, cookie authentication, NEC Web Face Recognition, PassLogic Authenticator, Login Protect, biometrics, and hardware tokens) deployable as PassLogic Enterprise (on-premises), PassLogic Cloud (IDaaS), or PassLogic Resilient Service (fully managed dedicated servers). Complementary products include 4Login, a consumer authentication portal with Login Protect and Smart Badge digital ID functions, and Cryptan, a password-less file encryption service for consumers and SMBs. The platform integrates with Microsoft 365, Entra ID, Azure Virtual Desktop, AWS, Cato SASE, Palo Alto Prisma, Cisco Secure Firewall, F5 BIG-IP APM, Citrix NetScaler, Zscaler, FortiGate, SonicWALL, Juniper, Box, Salesforce, Tableau, Splashtop, and many more.

Passlogy monetizes through a hybrid model: perpetual software licenses, recurring subscription licensing (introduced July 2016 for private cloud and extended via AWS Marketplace), annual support and maintenance contracts (with stock-type recurring revenue exceeding 50% of total sales), managed services priced per ID per month, and freemium consumer offerings. Go-to-market combines direct enterprise sales to large accounts, government agencies, municipalities, and educational institutions; a certified sales-partner channel; AWS Marketplace; and self-service downloads for consumer products. The company sells primarily to enterprise IT teams, government and public-sector organizations, and K-12/higher-education institutions in Japan, with early Southeast Asia presence via the Cyber Security World Asia 2025 exhibition and is led by founder-CEO Ogawa Hideharu alongside a 35-person team.

Name

Passlogy

Legal name

パスロジ株式会社 (Passlogy Co., Ltd.)

Website

https://passlogy.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Passlogy Co., Ltd. is a Japanese cybersecurity company that develops the proprietary matrix-based PassLogic OTP authentication platform, offering device-less multi-factor authentication, SSO, and Windows OS sign-in for enterprises, government agencies, and educational institutions in Japan and selected Asia-Pacific markets.

Ownership category

akta.pro rank

Product category

Identity and Access Management

NAICS

Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

Customer Permissioning & Consent Management (OAuth, scopes, revocation) (FSAGACAC)

akta.pro secondary industry

Privacy, Consent & Data Governance Compliance (GDPR/CCPA, data lineage) (FSAGAFAI)

Keywords

• Identity authentication
• Multi-factor authentication
• One-time password
• Single sign-on
• Access management

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software License Sales (Perpetual): Traditional one-time perpetual license model for on-premises PassLogic deployment. Customer purchases software license and installs on their own infrastructure.
2. Subscription Licensing: Subscription model launched July 2016 for private cloud deployments. Customers pay ongoing fees for use periods, treating software as operating expense rather than capital expenditure. Lower initial cost enables small-scale pilot deployments.
3. Support and Maintenance Services: Annual maintenance and support fees from existing license customers. Recurring revenue stream. Stock-type revenue from licenses, support, and subscriptions exceeds 50% of total revenue.
4. Managed/Resilient Services: PassLogic Resilient Service offering that bundles server design/construction, deployment support, 24/7 monitoring, auto-recovery, and technical support into a monthly per-ID fee (starting at ¥1,158/month/ID for 1,000 IDs).
5. Consumer Services (4Login): 4Login consumer authentication service with free and premium tiers. Cryptan file encryption service (paid: ¥220/month/user for commercial use).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Passlogy develops and sells PassLogic, a multi-factor authentication platform built on its proprietary matrix-based one-time password (OTP) technology, the PassLogic method, which displays a randomized number grid from which the user extracts digits along a secret pattern. The platform supports nine authentication methods (matrix OTP, client certificates, face recognition, mobile authenticator, hardware tokens, etc.) enabling 16 MFA combinations, with deployment editions for on-premises enterprise (PassLogic Enterprise), public cloud/IDaaS (PassLogic Cloud), and dedicated managed server (PassLogic Resilient Service). The company also offers the 4Login consumer authentication portal and the Cryptan password-less file encryption service.

Product overview

Passlogy offers a unified authentication security platform centered on PassLogic, a multi-factor authentication solution supporting 9 authentication methods including the proprietary matrix-based PassLogic OTP (パスロジック方式), client certificates, face recognition, and mobile authenticator apps. The portfolio includes three deployment editions: cloud (IDaaS), on-premises enterprise, and dedicated server (Resilient Service). Supporting products include 4Login (consumer/B2C authentication portal with Smart Badge digital ID system), Cryptan (password-less file encryption using 4Login for recipient authentication), and PassLogic API (REST integration for third-party applications). The platform provides SSO integration with over 50 enterprise systems including Microsoft 365, AWS, Azure, Box, Citrix, VMware, and various VPN/SASE solutions.

Differentiator

Problem solved

Functional benefit

Brands

• PassLogic (パスロジック): Enterprise multi-factor authentication solution with matrix-based device-less one-time password technology and multiple authentication methods including SSO, Windows OS authentication, and Entra ID integration.
• 4Login (フォーログイン)
• Cryptan (クリプタン)
• PassClip (パスクリップ)

Products and services

• PassLogic (パスロジック)

Quantifiable outcome

• Cumulative licensed IDs: 114万+ (1.14 million+)
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration44 records

AI capability2 records

Feature7 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Microsoft Azure (Virtual Desktop)coreTechnology or Integration · 2 July 2026PassLogic single sign-on integration with Azure Virtual Desktop (AVD) announced July 2026. Enables device-less OTP authentication for cloud virtual desktop environments, supporting zero-trust security for enterprise virtual environments.
• Mintwave (株式会社ミントウェーブ)coreChannel Partner/ Reseller/ Distributor · 24 June 2026Sales dealer agreement signed June 2026. Mintwave adds PassLogic to its endpoint solutions portfolio. Leverages Mintwave's thin client business track record to accelerate penetration in government, public sector, and education markets.
• NEC (日本電気株式会社)coreTechnology or Integration · 19 May 2026PassLogic cloud version integrates NEC's 'Bio-IDiom Web Face Authentication' feature. Browser-based, app-free face authentication combined with matrix OTP for high-security, convenient cloud MFA.
• Updata (アップデータ株式会社)minorGTM or Marketing Partner · 12 May 2026Joint webinar for education ICT on May 28, 2026 about cloud utilization with security compliance. Co-hosted with Open Source Utilization Lab and Majisemi.
• Cato Networks (Cato SASE Platform)coreTechnology or Integration · 26 March 2026PassLogic MFA integration with Cato SASE Platform enables strong authentication for SASE access using Entra ID as IdP. Addresses phishing resistance and device-independent authentication needs in enterprise SASE environments.
• SonicWALL Japan (ソニックウォール・ジャパン株式会社)minorGTM or Marketing Partner · 18 December 2025Joint webinar on ransomware prevention through VPN vulnerability awareness, organized by SB C&S. PassLogic presented as authentication reinforcement solution alongside SonicWALL Cloud Secure Edge.
• SB C&S (SB C&S株式会社)minorGTM or Marketing Partner · 18 December 2025Organizer of joint ransomware prevention webinar featuring PassLogic and SonicWALL solutions. Maintains seminar/event marketing channel.
• Microsoft (Microsoft 365 / Entra ID)coreTechnology or Integration · 14 November 2024PassLogic SAML integration with Microsoft 365/Microsoft Entra ID enables 16 types of MFA combinations for M365 access. PassLogic Bridge for M365 provides device-less secondary authentication. Also supports AD synchronization and Windows OS sign-in reinforcement.
• Fujitsu (富士通株式会社)coreTechnology or Integration · 20 August 2019Fujitsu Virtual Desktop Service VCC (Fujitsu Managed Infrastructure Service) offers PassLogic as an authentication option. Integration between PassLogic and Fujitsu's managed VDI infrastructure.
• Japan Card Information Security Council (JCDSC)minorOthers · 14 December 2017Passlogy joined the Japan Card Information Security Council (JCDSC) to participate in information sharing on credit card data protection and PCI DSS compliance activities.
• Cybertrust (サイバートラスト株式会社)coreTechnology or Integration · 14 July 2016Joint verification of two-factor authentication combining Cybertrust 'Device ID' (device certificate management service, domestic No.1) with PassLogic matrix OTP via F5 BIG-IP APM. Enables terminal authentication plus OTP for secure remote access without dedicated hardware.
• F5 Networks (F5ネットワークス)coreTechnology or Integration · 14 July 2016F5 BIG-IP APM integration with PassLogic enables device-less OTP plus device certificate two-factor authentication for secure remote access. F5 published interview article on the combined solution. Also developed industry-first auto-registration of device-specific information.
• Microsoft Office 365 ( historical)coreTechnology or Integration · 1 June 2016SSO integration with Microsoft Office 365 using Japan Patent JP4351349 and US Patent US7206850. Enables external access to O365 with same security policy as internal access, without separate security appliances.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• HYPR: Passwordless / phishing-resistant MFA platform aligned with FIDO2 and passkey standards. Competes with PassLogic's matrix-OTP in the device-less authentication segment, though smaller and earlier-stage.
• SecureAuth: US-based adaptive MFA and passwordless platform with similar mid-market and enterprise focus to PassLogic. Comparable feature overlap (MFA, SSO, device-less factors) though smaller footprint.
• HPE IceWall MFA: Japanese-built enterprise SSO/MFA platform with which PassLogic has an established plug-in partnership (matrix-OTP option inside IceWall MFA). Comparable product for the same Japanese enterprise federation/SSO scenarios.

Direct peers

• Okta: Public US identity and access management leader offering adaptive MFA, SSO, and device-less authentication for enterprise and government customers. Closest peer by product/category: directly competes with PassLogic in MFA, SSO, and Microsoft 365 / Entra ID external-method integrations.
• Ping Identity: Enterprise SSO and MFA vendor with strong identity-federation and directory capabilities, including on-prem and cloud. Comparable to PassLogic Enterprise on SAML 2.0 federation SSO across VPN, VDI, and Microsoft 365.
• Yubico: Hardware-token (YubiKey) MFA vendor competing in the same "strong authentication" segment as PassLogic. PassLogic's device-less OTP pitch is positioned specifically against hardware-token TCO; products overlap heavily in enterprise and government.

Regional players

• NRI SecureTechnologies: Japanese managed-security and identity services arm of Nomura Research Institute, offering consulting and integration around enterprise MFA and SSO. Adjacent peer with overlapping target customers in Japan.
• GMO Cybersecurity by IERAE (旧GMOグローバルサイン): Japanese cybersecurity provider offering authentication, e-signature (GMO Sign), and PKI services. Comparable to PassLogic in the Japanese enterprise and government authentication market with overlap in signing/cert integrations.

Broad incumbents

• Microsoft Entra ID (Azure AD) MFA: Microsoft's cloud-native identity and MFA platform, the de facto SSO/MFA standard against which PassLogic positions PassLogic Bridge as an external MFA method. Same end customers (M365/Entra tenants) but vastly broader portfolio beyond authentication.
• Cisco Duo Security: Multi-factor authentication platform owned by Cisco, offered as part of Cisco's broader security portfolio. Targets the same enterprise MFA use cases (VPN, SSO, VDI) and is integrated with PassLogic-adjacent hardware (Cisco Secure Firewall, ASA).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/highlights
• Facebookfacebook.com/stopthinkconnectjapan
• LinkedInlinkedin.com/company/passlogy-co-ltd-

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Passlogy