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Authomize, a cloud Identity Access Management platform, has partnered with Ping Identity to enhance enterprise identity access security. This strategic alliance aims to provide customers with a comprehensive solution for managing access privileges across various applications and cloud services. The collaboration integrates Authomize’s capabilities with Ping Identity's services, offering improved security controls and seamless user experiences. Executives from both companies expressed optimism about the potential benefits, emphasizing stronger protection and efficient workflows for users.
On April 13, 2022, Ping Identity (NYSE: PING) appointed Rakesh Thaker as SVP and Chief Development Officer, succeeding retiring Peter Burke. Thaker, who previously led a global R&D team at Cisco, brings extensive experience from several tech companies including Dell and Gigamon. He aims to enhance Ping Identity's focus on identity-based solutions to facilitate secure digital experiences for employees and customers amid increasing demand for remote access and digital transformation. The company continues to be a leader in identity solutions, serving over half of the Fortune 100.
Ping Identity Holding Corp. (NYSE: PING) will release its first quarter 2022 financial results on May 4, 2022, after U.S. market close. A conference call is scheduled for the same day at 5:00 PM Eastern time to discuss the results. Investors can register for the call and will receive dial-in information via email. A replay will be available until May 11, 2022. Ping Identity is recognized for its Intelligent Identity solutions, enabling secure access to cloud and on-premises applications.
Ping Identity (NYSE: PING) has announced a strategic partnership with TD SYNNEX to expand access to identity security solutions across North America. This collaboration enables TD SYNNEX, a leading IT distributor, to enhance its global distribution network, leveraging its team of 22,000 tech professionals. The partnership aims to improve identity and access management (IAM) solutions, helping enterprises prevent security breaches and boost productivity. This initiative is crucial for Ping Identity's channel strategy and aims to deliver substantial value to customers and partners.
The Critical Infrastructure Defense Project is a collaborative initiative by Cloudflare (NYSE: NET), CrowdStrike (NASDAQ: CRWD), and Ping Identity (NYSE: PING) to offer free cybersecurity services to U.S. hospitals and utilities. This project aims to enhance defenses against rising cyber threats amid the geopolitical landscape, particularly following heightened risks like the Russian invasion of Ukraine. Eligible organizations will gain access to a suite of Zero Trust solutions, endpoint protection, and tailored security roadmaps to bolster their cybersecurity measures.
Ping Identity will participate in the Raymond James Institutional Investors Conference in Orlando, Florida, on March 7, 2022, at 10:25 a.m. Eastern Time. The presentation will be accessible via live audio webcast and will be archived on their investor relations website at investor.pingidentity.com. Ping Identity specializes in intelligent identity solutions, helping enterprises achieve Zero Trust security and enhanced user experiences.
Ping Identity (NYSE: PING) announced the addition of Anil Arora and Vikram Verma to its board of directors, pending final board approval, effective May 3, 2022. Arora, a Fintech pioneer with a history at Yodlee and Envestnet, aims to leverage his expertise in SaaS and digital technologies. Verma, former CEO of 8x8 Inc., brings over 30 years of leadership experience. This move is part of Ping's strategy to enhance its identity management solutions amidst a changing market landscape. Current board member Lisa Hook will not seek re-election, concluding her impactful tenure.
Ping Identity announced its Q4 and full-year 2021 results, revealing an ARR of $312.7 million, a 21% increase year-over-year. Q4 revenue was $75.4 million, with a 93% subscription revenue share. SaaS revenue grew by 56% to $16.9 million. The company ended 2021 with 1,468 customers, a 39% increase in those with >$1 million in ARR. Looking ahead, Ping forecasts Q1 2022 ARR between $320 million and $324 million, and total revenue between $78 million and $82 million. Notably, the company launched innovative products like PingOne DaVinci and was recognized by Gartner as a leader in Access Management.
Ping Identity (NYSE: PING) today announced a partnership with Carahsoft Technology Corp. to enhance cybersecurity for U.S. Federal Government agencies. Carahsoft will serve as Ping's Master Government Aggregator, facilitating access to identity security solutions through various government procurement contracts. This collaboration aims to modernize federal cybersecurity systems in line with the 2021 Executive Order aimed at improving cybersecurity practices. The partnership is expected to streamline the procurement process for government customers seeking advanced identity, credential, and access management solutions.
Ping Identity (NYSE: PING) announced its 2021 Partners of the Year, celebrating global partnerships that enhance digital business solutions during the pandemic. The awardees include AWS for Technology Alliances, ProofID for Delivery, GuidePoint Security as Rising Star, Optiv for North America Partner, Tata Consultancy Services (TCS) as International Partner, and KPMG as Global Systems Integrator Partner. The CEO emphasized the significance of these partnerships in delivering innovative identity solutions that drive business growth.