Ping Identity raises $44M for next generation of identity management

By: InnovatioNews Wednesday July 17, 2013 0 comments Tags: Andre Durand, Blake Heston, Denver, DFJ Growth, Ping Identity, W Capital Partners

Ping Identity logoDENVER - Ping Identity announced it has closed on a $44 million investment round led by W Capital Partners and DFJ Growth with participation from existing investors that will be used to accelerate completion of its next-generation platform for identity security.

"Over the past five years, Identity has emerged as the cornerstone of security, convenience and control in a world dominated by mobility, federated business and dissolving borders," said Andre Durand, Ping Identity's CEO.

"We're re-imagining everything as we redefine how identity management can scale to Internet and cloud proportions, serving billions of users, devices and service over the course of the next decade."

"Ping Identity's vision for an identity-centric future has positioned it as a leader in the identity security space for a decade," said Blake Heston, principal of W Capital Partners.

"The technological superiority of the company's product suite is validated by its rapidly growing customer base an extraordinary retention rates in solving the most difficult identity management challenges for some of the largest corporations worldwide."

Ping said more than 1,000 organizations - including half of the Fortune 100 -rely on its products to make the digital world a safer experience for hundreds of millions of people.

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