Will Ping Identity List Or Be Acquired?

According to a Market Research Engine report, the global Identity and Access Management Market is expected to grow 12% over the next few years to $14.5 billion by 2021. Denver, Colorado-based Ping Identity is a leading player in the segment that has had an interesting run so far.

Ping Identity’s Financials

Founded in 2002 by serial entrepreneurs Andre Durand and Bryan Field-Elliot, Ping Identity was initially developed as an open source toolkit and library to implement the protocols of Liberty Alliance, a conglomerate of technology companies focused on standardizing identity. Soon, Ping Identity became focused on building a service that would provide secure access to any application from any device.

Ping Identity has come quite a distance since its early days. Today, it has developed a platform that can support hybrid IT environments and provide diverse user populations with secure access to various applications. It provides developers and enterprise IT with flexible options to rapidly enhance and extend their applications and environments with multi-factor authentication, single sign-on, access security, directory, and data governance capabilities. It has also partnered with several global technology leaders, SaaS vendors, system integrators, and value-added resellers to deliver joint solutions. Last year, Gartner recognized it as a leader in the 2018 Access Management Worldwide Magic Quadrant report. It claims that its customer list includes the 12 largest banks in the US, 7 of the 10 largest bio-pharmaceuticals, 4 of the 5 largest healthcare plans, and 2 of the 3 largest hospitals.

More recently, Ping Identity launched a cloud-based service for developers to build identity services into customer-facing applications so that enterprises can launch apps more quickly and simplify the transition to cloud deployment. Known as PingOne for Customers, the service provides API-based Identity-as-a-Service (IDaaS) and multi-factor authentication directly into applications. It simplifies the process of integrating identity and access management services into the application development process so that developers can focus on the application development instead.

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