ForgeRock, Inc. - FORG STOCK NEWS

ForgeRock has released its 2022 Consumer Identity Breach Report, highlighting a dramatic 297% increase in breaches linked to supply chain issues, now accounting for nearly 25% of all incidents. Unauthorized access remains the top cause of data breaches for the fourth year, responsible for 50% of compromised records in 2021. The report notes that remediation costs in the U.S. have more than doubled since 2018, averaging $9.5 million per breach. The healthcare sector remains the most vulnerable industry, with breaches involving usernames and passwords increasing by 35%.

ForgeRock (NYSE: FORG) released a Total Economic Impact study by Forrester Consulting, revealing a 186% ROI for enterprises using its Consumer Identity and Access Management (CIAM) platform. The study, based on five organizations, reported a net present value (NPV) of $28.5 million over three years. Key savings included $8 million from modernizing infrastructure, $1.3 million in IT development avoidance, and $24 million from reduced security-related calls. The findings underscore ForgeRock's role in enhancing customer interactions and driving cost efficiencies.

ForgeRock, a global leader in digital identity, announced its management team's participation in several upcoming investor conferences. Key details include:

• J.P. Morgan Global Technology Conference on May 25, 2022, at 12:10 p.m. PT.
• Cowen Technology Conference on June 2, 2022, at 7:15 a.m. PT.
• William Blair Growth Stock Conference on June 6, 2022, at 12:00 p.m. PT.

Presentations will be webcast live on ForgeRock’s investor relations website, with replays available afterwards.

ForgeRock, a leader in digital identity, reported solid Q1 2022 results with an Annualized Recurring Revenue (ARR) of $193.2 million, reflecting a 35% year-over-year increase. Total revenue reached $48.1 million, up 18% year-over-year. The company emphasized strong demand, particularly in its SaaS offerings, which constituted 65% of ARR from new customers. Despite revenue growth, ForgeRock experienced a GAAP net loss of $16.5 million. Looking ahead, the company raised its full-year guidance, projecting ARR growth of 32% year-over-year.

ForgeRock has launched ForgeRock Autonomous Access, an AI-powered solution aimed at preventing identity-based cyberattacks and fraud. This innovation monitors login requests in real-time, enhancing security for enterprises and improving user access. With 82% of organizations facing data breaches due to digital transformation, ForgeRock believes AI can mitigate these risks. The solution integrates with the ForgeRock Identity Cloud and is expected to be available later this month, reinforcing the company's commitment to AI in the identity lifecycle.

ForgeRock (NYSE: FORG) has launched its next-generation Authenticator App, designed to enhance user experience by simplifying the login process while maintaining robust security. The app incorporates biometric lock options and integrates with native iOS and Android security features, available on both Apple and Google Play stores. Additionally, ForgeRock offers an SDK to help customers integrate advanced authentication features into their applications, which can significantly reduce the risk of unauthorized access.

ForgeRock, Inc. (NYSE: FORG) will report its first quarter financial results for the period ending March 31, 2022, after U.S. markets close on May 11, 2022. A conference call and webcast are scheduled to discuss the results at 2:00 p.m. Pacific Time on the same day. Investors can access the live stream and replay on ForgeRock's investor relations website. ForgeRock is a leader in digital identity, serving over 1,300 organizations with comprehensive identity and access management solutions.

ForgeRock (NYSE: FORG) has announced a commitment to provide 99.99% uptime availability for its Identity Cloud.

This pioneering approach enhances resilience and data protection for customers, ensuring strong performance without rate limiting on legitimate traffic. According to CEO Fran Rosch, this reliability is crucial for major online events, allowing businesses to maintain productivity and customer engagement.

As a leader in digital identity management, ForgeRock focuses on helping over 1,300 global organizations manage secure access across various environments.

ForgeRock, a leader in digital identity solutions, has announced participation in key investor conferences. Management will present at the following events:

• KeyBanc’s 17th Annual Emerging Technology Summit on March 8, 2022, at 11:30 a.m. PT.
• Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, at 2:25 p.m. PT.
• William Blair Tech Innovator’s Conference on March 15, 2022.

Presentations will be live-streamed on ForgeRock's investor relations website, with replays available post-event.