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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 joined the Decentralized Identity Foundation to promote open standards for digital identity management. This collaboration aims to enhance user control over identities and ensure secure online transactions. CEO Andre Durand emphasized that these standards provide organizations with independence and improve overall user experiences. Ping Identity is actively involved in various standard-setting bodies and aims to develop technical specifications for decentralized identities alongside over 600 members of the DIF.
Ping Identity announced the appointment of Diane Gherson to its board of directors. Gherson, previously the Chief Human Resource Officer at IBM, led significant transformations in employee management and culture during her seven-year tenure. She holds a U.S. patent in predictive analytics and has received several accolades, including HR Executive of the Year in 2018. Ping's CEO, Andre Durand, emphasized her unique skills in driving positive business change, aligning with the company’s commitment to innovation in identity solutions, further supporting its enterprise strategy.
Ping Identity Holding Corp. (NYSE: PING) announced its participation in several upcoming virtual investor events. The schedule includes the Morgan Stanley Technology, Media and Telecom Virtual Conference on March 1-2, 2021, with presentations at 2:15 p.m. MT on March 1. Additionally, they will present at the Raymond James 42nd Annual Institutional Investors Virtual Conference on March 3 at 7:10 a.m. MT, and the BTIG Security and Digital Engagement Forum on March 12 at 10:15 a.m. MT. Live audio webcasts will be available on their investor relations website.
Ping Identity reported strong financial results for Q4 and full year 2020, with a 15% increase in Annual Recurring Revenue (ARR) to $259.1 million. Total revenue for Q4 was $63.3 million, with subscription revenue at $57.9 million. Cash flow from operations improved significantly to $22.4 million. The company launched new services like PingOne Verify and PingOne Risk, reflecting growth in cloud offerings. For Q1 2021, Ping expects total ARR of $263-$264 million and reinstated its annual outlook of $295.5-$298.5 million for 2021.
Ping Identity has announced the appointment of Peter Burke as the new Senior Vice President of Research and Development. With over 25 years in technology and a Ph.D. in Computer Science, Burke aims to enhance product strategy and development across Ping's offerings. Previously, he served as Executive VP at Neustar, leading R&D and operations. His vision focuses on improving identity security and simplifying access management for businesses. Ping Identity serves over half of the Fortune 100, emphasizing Zero Trust identity-defined security and flexible identity solutions.
Ping Identity (NYSE: PING) has launched Project COVID Freedom, leveraging the acquisition of ShoCard to facilitate the secure sharing of COVID test results and vaccination proof. This solution enables healthcare providers, businesses, and individuals to share verified health information seamlessly, using QR codes and a secure mobile wallet. The service is free for all entities and aims to simplify vaccination sharing while maintaining user privacy. The platform provides ongoing updates about vaccination status and can promptly manage any issues with vaccine efficacy.
Ping Identity (NYSE: PING) has launched PingOne Verify, a new cloud service designed for seamless identity verification to enhance customer onboarding and fraud prevention. Utilizing facial recognition and ID document validation, the service enables enterprises to streamline verification without passwords, thus improving user experience. It is particularly beneficial for industries with strict Know Your Customer (KYC) regulations, minimizing the risk of fraud during initial customer interactions. This innovation positions Ping Identity to better serve clients while reducing identity verification costs.
Ping Identity (NYSE: PING) has been named a finalist in the 2020-21 Cloud Computing Awards for its Intelligent Identity Platform, specifically in the ‘Best Hybrid Cloud Solution’ category. This recognition underscores the platform’s flexible deployment options for hybrid IT environments, which support businesses' digital transformation. CEO Andre Durand emphasized the importance of providing seamless digital experiences. The Cloud Awards, which promotes excellence in cloud computing, received numerous international entries.
Ping Identity announced it will release its financial results for Q4 and fiscal year 2020, ending December 31, on February 24, 2021, after market close. A conference call to discuss the results will take place at 5:00 p.m. Eastern time the same day. Investors can register for the call in advance and access a replay until March 3, 2021. The company provides intelligent identity solutions, enabling enterprises to achieve Zero Trust security and streamline user experiences, making it a preferred choice for over half of the Fortune 100.
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