Ping Identity acquires ID and access management software firm UnboundID
The acquisition is intended to accelerate digital enterprise transformation initiatives and enhance the way companies acquire, engage, manage and retain customers across all channels and devices.
In addition, it improves Ping’s ability to provide enterprises with scalable solutions to manage IoT devices and secure partner access to corporate applications and data.
The addition of UnboundID will enable Ping Identity platform to provide a highly scalable user directory for social login, customer preference and profile management. Combined with Ping’s existing multi-factor authentication, single sign-on and secure access capabilities, Ping can now deliver a more comprehensive identity solution.
“Delivering a personalized and consistent customer experience across all channels is core to many digital transformation initiatives,” said Andre Durand, CEO of Ping Identity. “UnboundID has clearly earned the trust of global brands as one of the highest performing user and identity directories on the market. In adding the UnboundID team to the Ping family, we will accelerate our vision of a borderless world secured through identity, as we integrate the solution into our Ping Identity Platform, the best enterprise IDaaS solution in the market.”
UnboundID CEO Steve Shoaff will join the Ping Identity executive team as chief product officer, in a role in which he will oversee all of the engineering and product management efforts for the joint company.
“We’re thrilled to join Ping Identity; our companies share a common mission to put identity at the center of both security and all customer engagement,” said Shoaff. “Ping and UnboundID have worked together to meet demanding identity requirements of many customers. Our customers and the market will benefit from greater resources and a broader focus this combination creates. We look forward to sharing the UnboundID capabilities for identity-centric, multi-channel customer engagement and personalization with Ping’s family of customers.”
With nearly a two year-long partnership, the two companies share 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 some of the world’s largest companies, including over half of the Fortune 100, and manages over 3 billion identities.
This marks the first acquisition for Ping Identity since being purchased by Vista Equity Partners last month.