Ping Identity Holding Corp - PING STOCK NEWS

Ping Identity (NYSE: PING) has unveiled significant updates to its PingOne Cloud Platform, aimed at enhancing secure digital experiences for both employees and customers. The platform now integrates the full range of Ping Identity services and addresses both workforce and customer identity challenges. Additionally, the introduction of PingAuthorize will bolster dynamic authorization and access control, ensuring compliance with privacy regulations and reducing fraud. These enhancements position Ping Identity as a leader in identity solutions.

Ping Identity (NYSE: PING) announced the launch of PingOne for Individuals at Identiverse 2021. This innovative personal identity solution allows businesses to enable customers to securely manage and share verified personal data with minimal friction. Users can keep their information up-to-date and easily share it via a digital wallet on their mobile devices. This process enhances privacy, reduces regulatory burdens, and provides a seamless user experience. PingOne for Individuals is set to streamline identity verification for various applications, boosting security for both consumers and businesses.

Ping Identity announced a public follow-on offering of 6,000,000 shares of common stock at $24.00 per share, led by Vista Equity Partners. The underwriters have a 30-day option to purchase up to an additional 900,000 shares. This offering will not dilute existing shareholders, and Ping Identity will not receive any proceeds from the sale. The offering is expected to close on June 17, 2021. Morgan Stanley is the sole underwriter, with a registration statement already filed with the SEC.

Ping Identity (NYSE: PING) has launched a new Sales Certification Program aimed at empowering its channel partners. This program enhances the skills of the Global Partner Network in identifying solutions for identity and access management challenges. It supports partners in technical acumen and career development. The initiative reflects Ping Identity's commitment to partner success in the context of digital transformation. The certification will help partners network and specialize in the identity management field, ultimately enhancing service delivery to customers.

Ping Identity Holding Corp. (NYSE: PING) announced a public offering of 6,000,000 shares of common stock by Vista Equity Partners. There is an option for underwriters to purchase an additional 900,000 shares. Ping Identity will not receive proceeds from this sale but will cover certain costs. Morgan Stanley is the sole underwriter. The offering is subject to market conditions, and no assurance can be given regarding completion or terms. A registration statement is effective with the SEC, and the offering will occur via prospectus.

Ping Identity has appointed Jason Wolf as the new Chief Revenue Officer. Wolf brings extensive experience from his previous role at SAP, where he led the Spend Management and Network division. He will be responsible for overseeing Ping Identity's global sales operations and channel strategies, focusing on accelerating cloud initiatives and international growth. The company emphasizes the importance of identity and access management in the digital landscape, highlighting their commitment to delivering secure and efficient user experiences.

Ping Identity (NYSE: PING) has achieved the FAPI-CIBA certification, enhancing secure consumer authentication and authorization for financial transactions. This certification, recognized by the OpenID Foundation, positions Ping as a leader in identity security by enabling enterprises to comply with evolving Open Banking regulations. The new authentication flow improves user experience, allowing seamless digital consent via mobile notifications, thus streamlining online transactions while meeting rigorous security standards.

Ping Identity Holding Corp. (NYSE: PING) has announced its participation in several upcoming technology and industry conferences. Key events include the William Blair 41st Annual Growth Stock Conference on June 3, 2021, at 3:00 p.m. MT, the Stifel Cross Sector Insight Conference on June 9, 2021, at 11:20 a.m. MT, and the Baird Global Consumer, Technology & Services Conference on June 10, 2021, at 9:25 a.m. MT. Presentations will be available via live audio webcast on the Ping Identity investor relations website.