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Ping Identity Acquires UnboundID
August 2016 by Marc Jacob
Ping
Identity® announced that it has acquired UnboundID, a market leading provider of customer identity and
access management software, to help enterprises improve customer engagement. Terms were
not disclosed.
The acquisition is designed to accelerate digital enterprise transformation initiatives and improve
how companies acquire, engage, manage and retain customers across all channels and
devices. It also improves Ping’s ability to provide enterprises with scalable solutions to manage
IoT devices and secure partner access to corporate applications and data.
With the addition of UnboundID, the Ping Identity Platform adds a highly scalable user directory
for social login, customer preference and profile management. Combined with Ping’s existing
multifactor
authentication, single signon
and secure access capabilities, Ping will deliver the
most complete solution in the Identity market.
Shoaff will join the Ping Identity executive team as Chief Product Officer, responsible for all of
engineering and product management for the joint company.
The two companies have been partners for nearly two years and share well over 20 enterprise
customers across the US, EMEA and Asia, including Cisco, Telus and Wawa. The combined
company provides Identity and Access Management solutions for the world’s leading
companies, including over half of the Fortune 100, and manages over 3 billion identities.
This acquisition is the first for Ping Identity since being acquired by Vista Equity Partners in July,
and is a clear indication of Ping’s commitment to accelerated growth and innovation to extend
its leadership in the market . Vista is a leading private equity firm that invests in software, data
and technologybased
organizations, with more than $26 billion in cumulative capital
commitments.
