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. (symbol: FORG) is a leading digital identity management company revolutionizing the way organizations securely interact with customers, employees, devices, and other entities. The company's flagship product, the ForgeRock Identity Platform™, serves as a comprehensive digital identity system of record, helping businesses monetize customer relationships, meet stringent privacy and consent regulations (such as GDPR, HIPAA, and FCC), and leverage the capabilities of the Internet of Things (IoT).
ForgeRock's platform is trusted by hundreds of globally recognized brands, including Morningstar, Vodafone, GEICO, Toyota, TomTom, and Pearson. The company also collaborates with governments in countries like Norway, Canada, and Belgium, ensuring the security of billions of identities worldwide. With offices strategically located across Europe, the USA, and Asia, ForgeRock is well-positioned to provide robust support and innovative solutions to its diverse client base.
In recent years, ForgeRock has achieved significant milestones, including expanding its global footprint and enhancing its product offerings to meet evolving market needs. The company's commitment to security, privacy, and user experience has made it a trusted partner for organizations looking to streamline their identity management processes.
For more information and to access free downloads, visit ForgeRock's official website. Stay updated with the latest news and developments by following them on Twitter @ForgeRock.
Latest News: Source: ForgeRock, Inc.
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.
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