Ping Identity Releases Major Updates to Federated Access Management Technology
Denver, CO — February 25, 2016
Ping Identity®, the leader of Identity Defined Security, today announced updates to its Federated Access Management technology. Designed to displace legacy Identity and Access Management infrastructures, this latest release includes enhancements to single sign-on, multi-factor authentication and access security technologies. The new features include elastic scalability and contextual multi-factor authentication, both of which support enterprise customers making the shift to digital business without compromising security.
As enterprises race to digitize every business function, concerns about security are holding them back. As a result, secure access has become the linchpin of digital transformation for the global enterprise. Ping Identity resolves this by providing easy-to-deploy infrastructure for securing access among all users and the applications and services they need. With thousands of pre-integrated applications and flexible cloud and software deployment options, the Ping Identity solution leapfrogs legacy vendors by providing an extensible, open platform and advanced integration capabilities that position enterprises to be ready for anything.
The product updates include these new features and benefits:
Elastic Scalability: Enabling Cloud-Scale Performance with Significant Cost Savings
Gartner projects the public cloud market will grow 16.5 percent to a total $204 billion in 2016, up from $175 billion in 2015. Many organizations are closing data centers and moving internal applications to IaaS and public cloud services such as Amazon Web Services. They are increasing capacity on AWS and OpenStack environments quickly and need to have secure access capabilities that keep up with growth, including single sign-on and web access management. Ping Identity’s new elastic scalability dynamically grows and shrinks environments based on IT rules, ensuring availability of services while controlling costs.
Contextual Multi-Factor Authentication: Ensuring Security in a Changing Threat Landscape
As cloud and mobile adoption redefines the enterprise perimeter, authentication policies and static passwords aren’t providing adequate security and protection. Enterprises need to understand context to make informed security decisions based on how and when users need to access applications and services, regardless of the device used. For example, administrators might choose to require two-factor authentication for users accessing applications from outside their network, from public Wi-Fi or after hours if coming in from an unmanaged device.
In addition to the new authentication policy capabilities, Ping Identity also is releasing an API that allows organizations to integrate Ping MFA directly into the authentication flow of their web and mobile applications to easily improve security.
Ping Identity also has added management improvements for enterprises to quickly onboard new partners and reduce partner identity administration. Now an automated, cloud-based process, local and partner certificates will update before they expire and notify administrators of changes to partner connections (e.g. new / changed attributes) that could impact service availability.
"Demand for secure access across the entire digital enterprise will only rise in the years ahead," said Andre Durand, CEO and founder, Ping Identity. "Increasingly, identity and access management helps companies realize the benefits cloud has to offer, including enhanced security and better user experiences. With the Ping Identity Platform, we aim to help our customers make the leap to digital transformation quickly, without sacrificing security."
"As a longstanding partner of Ping Identity, we continue to be impressed with their innovation, and this release of Federated Access Management extends our belief," said Paul Bedi, CEO of IDMWORKS, a top identity and access management consultancy, with more than 600 successful IAM engagements. "Enabling secure access is at the top of customers' security requirements and the Ping team takes it to a new level. We believe the enhanced policy management and overall flexibility in this release will resonate with our customers."
Ping Identity’s Federated Access Management Technology
Ping Identity’s Federated Access Management technology provides enterprises secure, real-time authentication and access management across all applications and devices via the following capabilities:
Unlike competing solutions, Ping Identity provides maximum enterprise flexibility without sacrificing usability. By analyzing constant streams of contextual data, split-second decisions can be made about user identities and permissions—further enhanced with mobile-based strong authentication.
Ping Identity’s Record Growth Signals Growing Customer Demand for Secure Access
Customers are responding to Ping Identity’s continued product innovation, as evidenced by the past year’s momentum and projections. Ping Identity recently announced record growth at more than 40 percent year-over-year, and is on track to reach more than $100 million in annual recurring revenue in 2016. More than 1,500 enterprises rely on Ping Identity to deliver secure access to more than 1.3 billion identities, and the demand for these solutions continues to grow as more enterprises embrace the cloud, mobile and API economy. Ping Identity’s customers include more than 50 percent of the Fortune 100, one quarter of the Fortune 500 and the largest brands in financial services, healthcare and other highly regulated industries.
About Ping Identity | The Identity Defined Security Company
Ping Identity is the leader in Identity Defined Security for the borderless enterprise, allowing employees, customers and partners access to the applications they need. Protecting over one billion identities worldwide, the company ensures the right people access the right things, securely and seamlessly. More than half of the Fortune 100, including Boeing, Cisco, Disney, GE, Kraft Foods, TIAA-CREF and Walgreens, trust Ping Identity to solve modern enterprise security challenges created by their use of cloud, mobile, APIs and IoT. Visit www.pingidentity.com.
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