Welcome to our dedicated page for Ping Identity Holding news (Ticker: PING), a resource for investors and traders seeking the latest updates and insights on Ping Identity Holding stock.
Ping Identity is a leading provider of Intelligent Identity solutions for enterprises, enabling organizations to adopt a Zero Trust approach to security. The company's Ping Intelligent Identity™ platform offers comprehensive access management and multi-factor authentication, catering to customers, workforce, and partners across cloud, mobile, SaaS, and on-premises applications. Trusted by over half of the Fortune 100, Ping Identity’s solutions enhance digital business initiatives, improve customer experiences, and safeguard organizational assets.
Recent advancements include a collaboration with Authomize to integrate PingOne DaVinci™, a no-code identity orchestration service. This partnership allows customers to utilize Authomize's Identity Threat Detection and Response (ITDR) capabilities, providing enhanced security through automated remediation workflows. Such integrations streamline user experiences and fortify identity and access management (IAM) across diverse technological ecosystems.
Ping Identity’s flexible solutions facilitate seamless digital interactions, removing the need for passwords and preventing fraud. Their commitment to open standards and partnerships with industry giants like Microsoft and Amazon further solidifies their role in the cybersecurity landscape.
Currently, Ping Identity is focused on expanding its technology partner ecosystem, ensuring efficient and frictionless customer experiences through robust orchestration capabilities. This strategic vision underscores their dedication to delivering secure, intelligent, and user-friendly identity solutions.
Ping Identity has announced early access to PingOne Neo, a decentralized identity management solution aimed at enhancing security and privacy for individuals while alleviating resource burdens for enterprises. This solution enables organizations to verify customer information more simply and cost-effectively, reducing risks of identity theft. PingOne Neo incorporates decentralized identity standards from prominent organizations, streamlining credential sharing and control for users. According to CEO Andre Durand, Neo empowers users with their own data and mitigates fraud risks. Early access is available through Ping Identity's website.
Ping Identity has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Access Management for the sixth consecutive year, positioned furthest on completeness of vision among vendors. The company highlights its PingOne DaVinci platform, which enhances user experience with a streamlined design process, and new online fraud detection capabilities in its PingOne Cloud Platform. CEO Andre Durand emphasizes the demand for comprehensive end-to-end services from a single vendor, reflecting Ping Identity's commitment to secure and seamless digital interactions.
1Kosmos has announced its integration with Ping Identity (NYSE: PING) to enhance identity proofing and passwordless authentication across various applications. This integration facilitates Ping Identity customers in implementing BlockID for identity-based authentication, improving user experiences through the PingOne DaVinci platform. The partnership aims to streamline onboarding processes and enhance security while ensuring frictionless access for employees, customers, and citizens. With growing reliance on digital identity solutions, this collaboration positions both companies favorably in the market.
Ping Identity has been designated a leader in three 2022 KuppingerCole Leadership Compass reports for Consumer Identity and Access Management (CIAM), Passwordless Authentication, and Verified Identity. This recognition marks the third consecutive year for CIAM and follows their leadership status in Access Management. Analysts praised Ping One Cloud Platform for its flexibility and scalability, particularly in supporting innovative use cases. CEO Andre Durand emphasized the company's commitment to resilience and seamless user experiences in digital identity management.
Ping Identity has completed its acquisition by Thoma Bravo in an all-cash deal valued at approximately $2.8 billion. Stockholders will receive $28.50 per share, and trading of Ping's stock has ceased on the NYSE. The acquisition, approved on October 17, 2022, aims to enhance innovation in identity security within the digital economy. Thoma Bravo's partnership is expected to drive growth and better customer experiences in identity and access management.
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