The mission: secure the digital world through Intelligent Identity. It sounds simple enough. For Ping Identity, finding and combatting fraud is just a few taps away. In fact, more than half of Fortune 500s have already tapped into the Denver-based company’s network identity and security tools.
Founded in 2001, the Ping Intelligent Identity platform helps prevent security breaches, increase employee and partner productivity, and provide personalized customer experiences. It gives customers, employees, partners access to cloud, mobile, SaaS and on-premises applications and APIs, while also managing identity and profile data.
The company’s cloud-based Ping Intelligent Identity platform allows users to analyze devices, networks, applications, and user behavior data to make real-time authentication and security control decisions. Ping tools include security control for applications and application program interfaces (API), controlled access to identity data, secure single sign-on, personalized, and personalized and unified profile directories, and more.
Ping Identity recently filed to raise $187.5 million in an IPO of its common stock of 12.5 million shares priced between $14 to $16. Vista Equity Partners, which acquired the company in 2016 for $600 million, backs this proposal. The company reported revenue of $201.6 million and a loss of $12.4 million in 2018. It plans to list on the NYSE under the symbol “PING.”
Today, the Intelligent Identity platform secures more than two billion identities globally, according to the company’s recent SEC report. “Enterprises are undergoing digital transformation as they seek to create new revenue streams, transition business models and increase customer engagement,” said the company. “Concurrently, enterprises are becoming more distributed as the adoption of cloud, mobile and the Internet of Things, or IoT, moves data, applications and access requirements beyond the traditional network perimeter. These enterprises must contend with an evolving cyber-threat landscape, new privacy directives and stringent regulatory requirements. … Our Intelligent Identity Platform can secure all primary use cases, including customer, employee, partner and IoT. For example, enterprises can use our platform to enhance their customers' user experience by creating a single ID and login across web and mobile properties.”