Ping Identity Holding Corp - PING STOCK NEWS

Ping Identity (NYSE: PING) announces the appointment of Paul E. Martin to its board of directors. Martin is an esteemed IT expert with a distinguished career, previously serving as CIO and senior vice president at Baxter International Inc. He has been recognized with multiple awards, including the CIO Hall of Fame and the 2020 Chicago CIO of the Year Leadership ORBIE Award. His extensive experience is expected to enhance Ping Identity's leadership and customer engagement efforts.

Ping Identity Holding Corp. (NYSE: PING) will participate in the Wells Fargo TMT Summit on December 1, 2020, with a presentation scheduled for 8:40 AM MT. The event will feature a fireside chat format and will be accessible via a live audio webcast and archived replay on Ping Identity’s investor relations website. As a provider of Identity solutions for enterprises, Ping Identity emphasizes its commitment to Zero Trust security and delivering personalized user experiences.

Ping Identity (NYSE: PING) has been recognized as a Leader by Gartner in the 2020 Magic Quadrant for Access Management for the fourth consecutive year. This accolade follows a year marked by significant growth, including the acquisition of ShoCard and the launch of PingOne Services, designed to enhance secure user experiences. Amid the ongoing digital transformation expedited by the global pandemic, Ping Identity provides tools for secure and seamless access, serving over 50% of Fortune 100 companies and securing more than two billion identities.

Ping Identity Holding Corp. (NYSE: PING) reported strong financial results for Q3 2020, achieving a 17% year-over-year increase in Annual Recurring Revenue (ARR) to $242.6 million and total revenue of $59.9 million. The company improved its operating cash flow significantly, providing $20.0 million, up from $8.5 million in the previous year. With the acquisition of Symphonic and the launch of new services, Ping Identity is poised for growth, projecting Q4 2020 ARR between $255.0 million and $257.0 million. CEO Andre Durand emphasized the company's commitment to enterprise identity solutions amidst digital transformation.

Ping Identity (NYSE: PING) has acquired Symphonic Software, a leader in dynamic authorization, to enhance its identity management solutions. This acquisition aims to improve API security, data protection, and compliance with increasing data privacy regulations. The partnership, which has thrived over the past two years, allows Ping Identity to integrate Symphonic’s capabilities into its Intelligent Identity platform, streamlining policy management and enhancing user experiences. The acquisition positions Ping to deliver personalized, secure solutions faster, meeting growing enterprise demands.

Ping Identity (NYSE: PING) has launched PingZero, a suite of passwordless authentication features aimed at enhancing digital experiences for employees and customers. By removing the need for traditional login methods, PingZero promises to increase productivity, improve customer retention, and bolster cybersecurity. Utilizing the FIDO2 standard, it supports a variety of enterprise applications and enables secure, seamless access while reducing IT burdens. The adoption of passwordless solutions is projected to grow significantly, indicating a shift in enterprise security strategies.

Ping Identity (NYSE: PING) will announce its third-quarter fiscal year 2020 financial results on November 4, 2020, after U.S. market close. A conference call will be held at 5:00 p.m. Eastern Time to discuss these results. Investors can register for the call via a designated link, and a replay will be available until November 11, 2020. The company emphasizes its role as an Intelligent Identity solution provider, serving major enterprises with a focus on Zero Trust security and user experience enhancements.

Ping Identity (NYSE: PING) has announced the acquisition of ShoCard, a leader in identity management technology. This acquisition aims to enhance user control over personal information while reducing fraud and simplifying interactions with businesses. ShoCard's technology enables users to store identity information securely on their mobile devices, sharing it through biometric verification. This innovative solution addresses growing concerns about data privacy, with 70% of Americans feeling their personal data is less secure than five years ago. The integration is expected to improve business efficiency and customer experience.