What an incredible few months it's been here at Ping Identity as we've made huge strides in our plans to deliver the world's leading identity and access management (IAM) platform.
On August 2, we announced the acquisition of UnboundID, a market leading provider of Customer IAM solutions powering almost 2 billion identities today. Many of you may be familiar with UnboundID, as we've been partners for nearly two years and we share well over 20 leading enterprise customers together across the US, EMEA and Asia, including Cisco, Telus, Wawa and more. With UnboundID now a part of our platform, we offer enterprises that require a high-performance user repository expanded capabilities including directory services, data governance, customer self-service and registration, allowing them to store and manage user profiles, attributes and privacy across their omnichannel.
The combined Ping/UnboundID assets will significantly expand Ping's existing foundation for scalable identity services in the cloud with important new capabilities to support digital transformation. It's an exciting time for Ping's customers and the identity industry. As we add UnboundID to our growing list of platform capabilities, expect to see us integrate it into the Ping Identity Platform to offer an unparalleled on-demand customer identity management solution in the coming quarters. Check out our brief to see what the joint customer IAM solution looks like.
At Catalyst two weeks ago, we also announced new contextual access management capabilities of the Ping Identity Platform. As enterprises drive their cloud, mobile and digital transformation initiatives forward, we believe that security should react dynamically to user location, device and network, and we've introduced a number of new enhancements that enable this vision of context-aware identity security.
In addition to driving our vision of real-time identity security forward, we continue to make it easier to modernize and migrate from existing web access management solutions to secure APIs, cloud and mobile apps with enhanced dynamic access policy support, simplified administration, strengthened security and broader integrations with more enterprise infrastructure environments.
It's an exciting time for identity and you should expect the pace of innovation and capabilities from Ping to accelerate as we partner with you to make the future of security through identity a reality.