Sure , .Net provides a Mechanism for SSO if you want to achieve this goal kindly visit the following links for more details on how to apply the SSO Mechanism in Asp.net :
http://www.codeproject.com/Articles/236424/Single-Sign-On-SSO-for-NET
http://www.codeproject.com/Articles/27576/Single-Sign-on-in-ASP-NET-and-Other-Platforms
Thanx...
par
Ahmed Gamal , Senior Microsoft Dynamics AX Developer , Bi-Technologies
This article lists all the important points to take into account when creating a Single Sign-On system. The principle of SSO may seem simple to explain, but in reality it implies numerous functionalities that are important to take into account from the beginning of a project to avoid very costly changes later.
read more
http://www.codeproject.com/Articles/429166/Basics-of-Single-Sign-on-SSO
http://www.codeproject.com/Articles/106439/Single-Sign-On-SSO-for-cross-domain-ASP-NET-applic
http://msdn.microsoft.com/en-us/library/ms972971.aspx