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

  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

Business Wire

DENVER -- January 31, 2013

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

  *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.Visitpingidentity.comfor more
information.

*IDC Predictions 2013: Security Products & Services and IDC WW IAM 2011 – 2015
Forecast

Contact:

Ping Identity Corporation
Jil Backstrom, 303-468-2884
303-913-1650 (Mobile)
jbackstrom@pingidentity.com
Follow Us on Twitter: @PingIdentity
Join our LinkedIn Group: Ping Identity Cloud
Subscribe to our YouTube Channel: PingIdentityTV
or
fama PR
Matt Flanagan, 617-986-5002
pingidentity@famapr.com
 
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