Yes, each Professional Edition license includes a single sign-on authentication modules.
These modules include:
- Windows Active Directory - for single sign-on integration with AD authentication (common for intranets and extranets).
- ASP.NET Authentication - for single sign-on integration with an existing ASP.NET web application.
- Custom Cookie - for single sign-on for just about any other type of web application.
The Professional Edition additionally includes an Enterprise Search license as well.