{"id":1124,"date":"2016-06-01T13:29:23","date_gmt":"2016-06-01T17:29:23","guid":{"rendered":"https:\/\/solutionsreview.com\/identity-management\/?p=1124"},"modified":"2016-06-01T13:29:23","modified_gmt":"2016-06-01T17:29:23","slug":"ping-identity-to-be-acquired-by-vista-equity-partners","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/","title":{"rendered":"Ping Identity to be Acquired by Vista Equity Partners"},"content":{"rendered":"<p style=\"text-align: justify\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1125\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners.jpg\" alt=\"vista equity ping identity\" width=\"800\" height=\"350\" srcset=\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners.jpg 800w, https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners-300x131.jpg 300w, https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners-768x336.jpg 768w, https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners-600x263-2.jpg 600w, https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners-180x79-1.jpg 180w, https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners-400x175.jpg 400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>Ping Identity <a href=\"https:\/\/www.pingidentity.com\/en\/about\/press-releases\/2016\/vista-equity-partners-to-acquire-ping-identity.html?utm_source=social&amp;hootPostID=027e84a7979279012f73ca5e4fe1a90f\" target=\"_blank\">has announced<\/a> that it has been acquired by Vista Equity Partners for an undisclosed\u00a0sum in a deal that is expected to close in the third quarter of the year.<\/p>\n<p style=\"text-align: justify\">Vista Equity Partners is a San Francisco-based private equity firm focused on software, data, and technology-enabled businesses, that recently made waves with its acquisition of Marketo, a leading marketing software firm, for $1.8 billion.<\/p>\n<p style=\"text-align: justify\">Vista&#8217;s acquisition of Ping Identity comes as some surprise\u2014the IDaaS provider had previously\u00a0been eyed an IPO, but Ping leadership believes that this acquisition\u00a0will let Ping Identity \u00a0&#8220;accelerate growth and innovation through strategic acquisitions and focused investment,&#8221; according to a prepared statement.<\/p>\n<p style=\"text-align: justify\"><div class=\"box box0\"><p style=\"text-align: justify\"><a href=\"https:\/\/solutionsreview.com\/identity-management\/forrester-wave-b2e-cloud-identity-and-access-management\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1093 size-full alignleft\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/05\/onelogin-forrester-wave.png\" alt=\"Forrester Wave Report B2E Cloud IAM\" width=\"130\" height=\"160\" srcset=\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/05\/onelogin-forrester-wave.png 130w, https:\/\/solutionsreview.com\/identity-management\/files\/2016\/05\/onelogin-forrester-wave-66x81.png 66w\" sizes=\"(max-width: 130px) 100vw, 130px\" \/><\/a><a href=\"https:\/\/solutionsreview.com\/identity-management\/forrester-wave-b2e-cloud-identity-and-access-management\/\" target=\"_blank\">The Forrester Cloud IAM (IDaaS) Wave Report is here.<\/a><\/p>\n<ul>\n<li>\u00a0Full B2E Cloud IAM Market Overview<\/li>\n<li>Three Top Vendors Compete For\u00a0Market Supremacy<\/li>\n<li>Vendor Profiles: Leaders, Strong Performers &amp; Contenders<\/li>\n<li>Evaluating Market Direction and Vendors\u2019 Future Plans<\/li>\n<li>Evaluation Criteria: Current Offering, Strategy and Market Presence<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><a href=\"https:\/\/solutionsreview.com\/identity-management\/forrester-wave-b2e-cloud-identity-and-access-management\/\" class=\"ss-button aqua\" target=\"_blank\">Download Now<\/a><\/p>\n<p style=\"text-align: justify\"><\/div><\/p>\n<p style=\"text-align: justify\">&#8220;This is a great day for Ping Identity as the investment validates what we\u2019ve built: the leading Identity and Access Management platform,\u201d said Andre Durand, CEO of Ping Identity. \u201cEnterprises require a partner who can effectively integrate every technology stack and cloud platform to provide secure access for their users. With Vista, we can now accelerate our vision of creating a borderless world secured through identity. The Ping team is excited to begin this next phase for Ping Identity and to broaden its reach into new markets.\u201d<\/p>\n<p style=\"text-align: justify\">Ping Identity joins Vista with strong numbers amidst a transition from licesnsing-based revenue to a subscription-based model. The company\u2019s annual recurring revenue (ARR) grew by more than 40 percent in 2015, and ARR is expected to reach more than $100 million in 2016.<\/p>\n<p style=\"text-align: justify\">&#8220;Identity is the new strategic imperative for winning in the digital economy. With the Internet of Everything upon us, it is more important than ever to protect and secure access to any application through identity,\u201d said Robert F. Smith, Founder, Chairman &amp; Chief Executive Officer of Vista. \u201cVista recognizes the power of Ping&#8217;s platform and the strength of Ping&#8217;s business model, and we\u2019re looking forward to working with Andre to support Ping\u2019s growth in the dynamic and strategic field of identity management.\u201d<\/p>\n<p style=\"text-align: justify\">Ping has raised approximately $128 million to date, according to <a href=\"https:\/\/www.crunchbase.com\/organization\/ping-identity-corporation#\/entity\">CrunchBase<\/a>, most recently gaining $35 million in a Series G from KKR &amp; Co. in September\u00a02014.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ping Identity has announced that it has been acquired by Vista Equity Partners for an undisclosed\u00a0sum in a deal that is expected to close in the third quarter of the year. Vista Equity Partners is a San Francisco-based private equity firm focused on software, data, and technology-enabled businesses, that recently made waves with its acquisition [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":1125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[62,118,294,145,63,205,295],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ping Identity to be Acquired by Vista Equity Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeff Edwards\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/\",\"name\":\"Ping Identity to be Acquired by Vista Equity Partners\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners.jpg\",\"datePublished\":\"2016-06-01T17:29:23+00:00\",\"dateModified\":\"2016-06-01T17:29:23+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/3d31b4b6a777a91476a65c087be260e6\"},\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/vista-equity-partners.jpg\",\"width\":800,\"height\":350,\"caption\":\"vista equity ping identity\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/ping-identity-to-be-acquired-by-vista-equity-partners\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/identity-management\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ping Identity to be Acquired by Vista Equity Partners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#website\",\"url\":\"https:\/\/solutionsreview.com\/identity-management\/\",\"name\":\"Best Identity Access Management (IAM) Software, Tools, Vendors, Solutions, &amp; Services\",\"description\":\"Identity Access Management (IAM) News, Best Practices and Buyer&#039;s Guide\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/solutionsreview.com\/identity-management\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/3d31b4b6a777a91476a65c087be260e6\",\"name\":\"Jeff Edwards\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/identity-management\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8471d2b63e0587b41d829ecc153ba8e7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8471d2b63e0587b41d829ecc153ba8e7?s=96&d=mm&r=g\",\"caption\":\"Jeff Edwards\"},\"description\":\"Jeff Edwards is an enterprise technology writer and analyst covering Identity Management, SIEM, Endpoint Protection, and Cybersecurity writ large. 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