Ping Identity Soars into 2012 on Cloud Identity Security Demand

Ping Identity, The Cloud Identity Security Leader, today announced that demand for cloud identity security pushed annual revenue growth over 50% for the second consecutive year and enabled the company to surpass the $100 million mark in sales since its inception. Nearly 800 enterprises, including 42 of the Fortune 100, and hundreds of millions of users now depend on Ping Identity’s standards-based cloud identity management solutions for both private and public cloud environments.

“Cloud computing and mobility have transformed business, untethering users and pushing applications and data beyond traditional perimeters. Identity has emerged as the one constant that can enable security,” said Andre Durand, Ping Identity CEO. “We expect these trends to continue throughout 2012 and beyond, positioning Ping Identity for rapid growth and an eventual IPO.”

Corporate Highlights for 2011

  • 200 new enterprise customers chose Ping Identity solutions for cloud single sign-on (SSO), federated identity management, mobile identity security, social media identity integration and API security
  • 2 of the 3 largest U.S. hospital companies, 3 of the 5 largest U.S. health plans and 4 of the 6 largest U.S. banks are now customers of Ping Identity
  • 61 new SaaS companies raised the total of SaaS providers choosing Ping Identity for standards-based single sign-on to more than 170
  • 200% growth in EMEA and new Asia Pacific and Japan sales offices
  • Named one of most exciting vendors in information security by the 451 Group: TheInfoPro “Security 14 — Information Security Study 2H 2011”
  • Hosted 2nd Annual Cloud Identity Summit which brought more than 300 industry thought leaders to Keystone, Colorado, to advance the state of cloud identity security
  • Secured $21 million financing to accelerate global growth

Product Highlights for 2011

  • First commercial identity and access management (IAM) support for OAuth enables secure native mobile application access and API security
  • New Cloud Identity Connectors for LinkedIn, Facebook, Twitter, Microsoft Live, and Google make secure application access from social media possible
  • Ping Identity CloudDesktop gives companies a single point of access for all of their SaaS and Cloud-based business applications
  • PingFederate on Amazon EC2 offers an easy public cloud deployment alternative
  • Joined industry leaders in the creation of the Simple Cloud Identity Management (SCIM) provisioning standard
  • Introduced certified partner training to promote partner cloud identity security expertise

About Ping Identity
Ping Identity provides cloud identity security solutions to nearly 800 of the world’s largest companies, government organizations and cloud businesses.