Scaling Through Technological Innovations and Acquisitions
How Ping Identity scaled through technological innovations and acquisitions.
By 2020, organizations are expected to spend $101.6 billion on cybersecurity efforts. To secure information and data in today’s digital world, businesses must identify the people and devices trying to access their systems. Single authentication processes, like user ID and password, are not enough to ensure that only authorized individuals can access sensitive systems.
Identity security continues to grow as more organizations take a broader view of protection and authentication. Ping Identity (NYSE: PING) is a market leader, providing next-generation identity and access management software to enterprises on a global scale. Companies use Ping solutions to secure the identities of their employees, partners, and customers, enabling secure access to any application from any device.
In 2016, Founder and CEO Andre Durand was considering strategic options for growth. Durand worried that a buyer would diminish the brand and change the culture he and his team had created, but knew an influx of capital was necessary to help the company achieve its goals.
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