Ping Identity Corp., a Denver�based provider of Internet identity technology for enabling secure business collaboration, has acquired on-demand identity management company Sxip Access. No financial terms were disclosed. Ping Identity has raised around $30 million in total VC funding, from firms like Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, Fidelity Ventures, SAP Ventures and I-Vent.
Ping Identity today announced the acquisition of Sxip Access, a pioneering product for on-demand identity management. The deal enables Ping to accelerate its SaaS program and obtain proven technology for extending its flagship PingFederate product with the complementary Sxip Access feature set and deployment options. Ping Federate is the world’s first rapidly deployable software for secure Internet single sign-on (SSO). The Ping and Sxip technologies combine the best identity and access management solutions for software-as-a-service and federated identity.
The acquisition positions Ping Identity as the undisputed leader in secure Internet SSO, bolstering Ping’s installed base and market share. With nearly 200 enterprise customers and staff distributed across the US, Europe, and now Canada, Ping Identity can solidify its market presence in the SaaS space, which Gartner estimates will grow at double the rate of the total enterprise application market though 2011.
“With the addition of Sxip Access capabilities to PingFederate, we’ll be able to deliver to SaaS customers a comprehensive, secure, and easy-to-use federated identity solution that enables deployment in days rather than the months required with IdM suite vendor products. The collective technologies and additional talent also will allow us to deliver new features on our product roadmap at a significantly faster rate,” said Andre Durand, CEO of Ping Identity Corporation.
“The trend is accelerating toward hosted applications in a software-as-a-service model and the workforce of a modern organization is more distributed than ever,” said Gerry Gebel, vice president and service director, Identity and Privacy Strategies at Burton Group. “This growth will create significant management and security challenges for enterprises, requiring a combination of technical approaches as well as new attitudes regarding authentication and access management conventions.”
Building on PingFederate’s standards-based SAML technology, the additional benefits of the two solutions combined strengthen Ping’s ability to meet all of the enterprise’s secure Internet SSO needs. Based on customer feedback, Ping Identity will leverage Sxip Access’ unique features for SaaS such as batch provisioning, Rich Client support for Salesforce desktop plugins, and deep linking. Additional information is available at http://pingidentity.com/sxip-access.
“As the leader in Identity 2.0 technologies, Sxip was the first to develop identity management solutions for SaaS gorillas such as salesforce.com and Google Apps. Selling Sxip Access to Ping strengthens their offering and allows Sxip to focus on providing users with Internet identity solutions such as Sxipper, making the Internet simpler and safer,” said Dick Hardt, founder and CEO of Sxip Identity.
PingFederate is the world’s first rapidly deployable software that enables secure Internet single sign-on. Through standards based identity federation, PingFederate provides an organization’s users safe access to Internet applications without the need to re-login. Identity federation deployments that used to take six months or more now take days with PingFederate’s easy-to-use comprehensive software. Over a dozen PingFederate integration kits enable first-mile integration, leveraging existing identity management infrastructure, and last-mile integration, providing scalable target application connections.
About Ping Identity Corporation
Ping Identity’s dedication to delivering secure Internet single sign-on software and services for close to 200 customers worldwide has earned us recognition as the market leader in federated identity management. PingFederate, the world’s first rapidly deployable identity federation software, provides organizations’ users safe access to Internet applications without the need to re-login. With PingFederate and PingEnable � Ping Identity’s expert support, services, and methodologies � external connections can be operational in less than a week. Download a free trial at http://www.pingidentity.com. For more information, dial toll-free 877.898.2905 or + 1 303.468.2882, or email email@example.com.