ForgeRock (NYSE: FORG) has been named a Leader in the 2021 Gartner Magic Quadrant for Access Management for the second consecutive year. The company was evaluated among 12 vendors, highlighting its strong focus on customer experience and developer needs. ForgeRock's comprehensive platform includes Identity and Access Management (IAM) and Identity Governance and Administration (IGA) capabilities, which are utilized by major global brands such as BBC, Geico, and Toyota. Gartner predicts a shift toward converged IAM platforms, positioning ForgeRock favorably in a competitive market.
ForgeRock, a leader in digital identity solutions, will report its third-quarter financial results for the period ending September 30, 2021, after the U.S. market closes on November 10, 2021. A conference call will follow at 2:00 PM PT to discuss the results and highlights, accessible via phone or webcast on ForgeRock's investor relations page. The company serves over 1,300 organizations globally, providing modern identity and access management solutions.
ForgeRock (NYSE: FORG) has announced that its ForgeRock Identity Cloud has achieved HIPAA compliance, meeting important HITECH requirements. This achievement underscores the company's commitment to secure electronic health information for healthcare providers. With the healthcare sector facing increased cyber threats, the compliance assures customers of a strong, secure identity management platform. Additionally, the ForgeRock Identity Cloud offers unique patented data isolation technology and supports hybrid enterprise environments, ensuring comprehensive identity management solutions.
ForgeRock has successfully closed its initial public offering of 12,650,000 shares of Class A common stock at $25.00 per share. This includes the underwriters' option for an additional 1,650,000 shares. The offering was led by Morgan Stanley and J.P. Morgan as book-running managers. The proceeds from the offering are intended to support ForgeRock's global identity solutions and expand its market reach. ForgeRock’s stock is now trading on the New York Stock Exchange under the symbol FORG.
ForgeRock has priced its initial public offering (IPO) at $25.00 per share, offering 11,000,000 shares of its Class A common stock. An additional 1,650,000 shares may be purchased by underwriters within 30 days at the same price. Trading on the New York Stock Exchange will commence on September 16, 2021, with the offering closing on September 20, 2021. Major banks including Morgan Stanley and J.P. Morgan are involved in managing the offering.