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Ping Identity Growth Accelerates on Enterprise Demand for Next-Generation Cloud and Mobile Identity Management
By: Business Wire
Jan. 31, 2013 12:39 PM
Ping Identity®, The Identity Security Company™, today announced its annual bookings grew more than 50 percent for the third consecutive year. The company added more than 200 new customers in 2012, raising its total to nearly 1,000, including 45 of the Fortune 100. As a result of the company’s rapid growth, Ping Identity increased its market share at the expense of traditional identity and access management (IAM) providers in a market IDC estimated grew 11 percent in 2012*. The company also announced it has named Bill Dedrick president to manage business operations as Ping Identity continues its accelerated growth.
“Cloud and mobile infrastructures are making traditional identity and access management software obsolete,” said Ping Identity CEO Andre Durand. “At Ping Identity, we’re building the platform for a new generation of IAM, and we saw some impressive returns last year.”
IDC predicts from 2013 to 2020 “90 percent of IT industry growth will be driven by [technologies] that, today, represent just 22 percent of ICT spending. For a $4.6B IAM market projected to grow $1.5B in the next 3 years, much is at stake.*
In 2012, cloud-based apps became mainstream, mobile technologies empowered the workforce like never before and companies relied heavily on APIs to connect in the digital economy. Ping Identity responded with significant advances in its product line.
The Future of Identity Management
“The future of identity management facilitates trusted interaction among groups of application providers and customers on the Web, through APIs, and from any mobile or desktop screen,” said new Ping Identity President Bill Dedrick. “It requires a cloud identity environment (IDaaS) that bridges to on premises enterprise infrastructure, including local applications, data, legacy IAM technology, and high-reliability data center environments, with identity standards at its core.”
Spanning the Cloud and the Data Center
In 2012, Ping Identity unveiled its standards-based Identity-as-a-Service (IDaaS) for cloud SSO, PingOne™, exceeding 300,000 subscribed users and nearly two million SSO transactions since its launch less than six months ago. In addition, Ping Identity released adaptive federation capabilities in its PingFederate® identity bridge software, allowing businesses to easily extend existing security policies and legacy identity infrastructure to the cloud. The company also launched Ping IdentityBridge for Salesforce on salesforce.com’s AppExchange, announced its PingOne Application Provider Services Free Plan, and released details of its partnership with Criterion Systems on a NSTIC Pilot.
“Ultimately,” said Dedrick, “Ping Identity understands we’re in the business of enabling business advantage for our customers by delivering simple and secure access for their customers and their employees to any application resource from any device at enterprise scale. That’s at the heart of our success for 2012 and why 2013 looks equally promising.”
2012 Market Highlights
Customers, Partners, Employees and Security Thought Leaders
About Ping Identity | The Identity Security Company
Ping Identity believes secure professional and personal identities underlie human progress in a connected world. Our identity and access management platform gives enterprise customers and employees one-click access to any application from any device. Over 900 companies, including 45 of the Fortune 100, rely on our award-winning products to make the digital world a better experience for hundreds of millions of people. Visit pingidentity.com for more information.
*IDC Predictions 2013: Security Products & Services and IDC WW IAM 2011 – 2015 Forecast
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