Ping Identity Growth Accelerates on Enterprise Demand for Next-Generation Cloud and Mobile Identity Management

Bookings Increase More Than 50 Percent for 3^rd Consecutive Year;
Bill Dedrick Named President

DENVER--(BUSINESS WIRE)--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.

“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.*”

“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

• 200 new customers selected Ping Identity
  • New customers included Land ‘O Lakes, Palo Alto Networks, DIRECTV and Quest Diagnostics
• Hundreds of millions of users rely on Ping Identity for customer and workforce identity use-cases
• At the end of 2012, Ping Identity customers also include:
  • 3 of the 5 largest U.S. health plans
  • 7 of the top 10 global biopharmaceutical companies
  • 4 of the 6 largest U.S. banks
• 100 new SaaS vendors joined the Ping Identity SaaS Partner Program, growing to 280+
• New partners included FishNet Security Accuvant, Tempus Nova, CipherCloud and Perspecsys
• Formed a strategic partnership with Macnica Networks to meet growing demand in Japan
• Added new offices and staff in EMEA and Asia-Pacific to extend the company’s global reach
• 450 security thought leaders and IT executives attended the 3^rd Annual Cloud Identity Summit
  • Be sure to attend this year’s even bigger event in Napa, Calif., July 8-12

Accolades

• Named to the Deloitte Technology Fast 500
• Named Information Age 2012 Security Innovation of the Year
• Named to the 2012 Red Herring Top 100 Company in North America
• Recognized by eWeek as One of the 21 Hottest Security Vendors at RSA 2012
• CEO Andre Durand named one of The Denver Business Journal’s 2012 “People to Watch”
• CEO Andre Durand recognized as an Ernst & Young 2012 Entrepreneur of the Year finalist
• Named ColoradoBiz Magazine’s Top Company in 2012
• One of ColoradoBiz Magazine’s Top 250 Private Companies in 2012
• Named a Denver Post’s Top Place to Work
• Named Denver Business Journal’s Healthiest Places to Work
• Named a 2012 SIIA CODiE Award Finalist for Best Security Solution
• Named a finalist for The Cloud Awards for Best Security Innovation

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