Bain Dry Powder: The Private Equity Podcast With Vista’s Robert F. Smith. PART 1 PART 2

COVID-19 Response

Ping Identity: Protecting Enterprise Employees with Secure Remote Access

In the wake of COVID-19, enterprises are making complex transitions to a more remote workforce in days. Employees are signing into hundreds, thousands or even tens of thousands of business applications from different locations and devices around the world. This results in a diverse set of security and risk scenarios for businesses.

Ping Identity (NYSE: PING) is providing free multi-factor authentication (MFA) and cloud single sign-on (SSO) for unlimited applications to help companies enhance their security while expanding their remote access. With these solutions, new and existing Ping Identity customers can immediately protect their IT resources and enable their remote workforce. MFA and SSO strengthen authentication for VPN connections, reduce the risk of employees using personal devices and boost employee productivity – so enterprises can keep their businesses running safely and efficiently.

Learn More About Ping Identity’s Solutions.

Year of Investment: 2016
Portfolio Status: Former
Headquarters: Denver, CO

2BN+ Identities Under Management

Next-generation identity and access management software for global enterprises.

Ping Identity Corporation is a leading provider of next-generation identity and access management software to enterprises globally. The Company’s solutions are used by organizations to secure the identities of their employees, partners and customers, and enable secure access to any application from any device. Ping Identity’s breadth of functionality has allowed the Company to become a market-leading player in one of the most rapidly growing subsectors within enterprise security, securing over 1 billion identities and protecting critical assets for some of the world’s largest enterprises. Ping Identity was founded in 2002 and serves over 1,500 customers.

Ping Identity is headquartered in Denver, CO, with operations across the United States, Canada, Europe, Asia and Israel.

Vista Equity Partners Fund VI completed a buyout of Ping Identity in June 2016. Ping Identity listed on the NYSE (NYSE: PING) on September 19, 2019.

Vista exited Ping Identity via the take-private sale to Thoma Bravo in October 2022.

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