Welcome to our dedicated page for Forgerock news (Ticker: FORG), a resource for investors and traders seeking the latest updates and insights on Forgerock stock.
ForgeRock, Inc. (FORG) maintains this dedicated news hub for investors and technology leaders tracking innovations in digital identity management. Our curated collection provides timely access to official announcements, strategic developments, and market-moving updates from the creator of the ForgeRock Identity Platform™.
Discover comprehensive coverage of quarterly earnings, product enhancements, and strategic partnerships that shape the digital security landscape. The platform serves professionals requiring insights into GDPR compliance solutions, IoT identity frameworks, and enterprise-scale cybersecurity implementations.
Key updates include expansions of ForgeRock's global client base across automotive, telecom, and government sectors, along with technological advancements addressing evolving privacy regulations. Bookmark this page to monitor how FORG continues securing billions of devices and identities worldwide through its industry-leading solutions.
ForgeRock (NYSE: FORG) announced the launch of Enterprise Connect Passwordless, expanding its passwordless authentication capabilities for workforce and consumer applications. This solution eliminates password usage in large organizations, reducing risks associated with unauthorized access and enhancing employee experiences.
Developed in partnership with Secret Double Octopus, the new tool integrates with the ForgeRock Identity Platform, aimed at improving security and reducing IT workload. Available in Q2, it builds on over a decade of ForgeRock's efforts to advance passwordless technology.
ForgeRock, Inc. (NYSE: FORG) reported strong financial results for Q4 and fiscal year 2022, highlighting a 25% increase in Annualized Recurring Revenue (ARR) to $229.6 million and a 23% rise in total revenue to $217.5 million year-over-year. Q4 revenue surged by 33% to $63.5 million. Subscription SaaS revenue grew by 39% to $119.0 million, representing 55% of total revenue. Despite a GAAP net loss of $66.3 million for the year, non-GAAP metrics showed improvement, with a reduced operating loss of $27.6 million. Additionally, a proposed acquisition by Thoma Bravo is pending regulatory review, with no guidance provided due to the transaction.
CrowdStrike (Nasdaq: CRWD), a leader in cloud-delivered cybersecurity, has appointed Johanna Flower to its board of directors. Flower brings extensive expertise in cybersecurity and governance, having previously served as CrowdStrike's first chief marketing officer and played a crucial role in its 2019 IPO. Her experience on other boards, including Freshworks (Nasdaq: FRSH) and ForgeRock (NYSE: FORG), is expected to benefit CrowdStrike's continuous growth as a market leader. CEO George Kurtz highlighted her deep understanding of the company and its evolving needs.
ForgeRock (NYSE: FORG) has launched a new cloud-native Identity Governance solution, aimed at helping large enterprises enhance security and compliance. This platform, built on Google Cloud, integrates governance, identity, and access management with advanced AI capabilities. The offering promises cost savings, improved security, and greater operational efficiency by automating identity management processes. ForgeRock aims to address the growing need for robust identity governance in the face of a hybrid workforce and increasing reliance on cloud applications.
ForgeRock, a global leader in digital identity solutions, has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Access Management and ranked highest in two out of three Use Cases in the 2022 Gartner Critical Capabilities Report. Specifically, it excelled in External Access Management and Application Development. This is the third consecutive year ForgeRock has received this honor. Major brands such as Pearson and Toyota depend on ForgeRock for secure digital identity management, showcasing its market influence and technology reliability.
