Vista Equity acquires Ping Identity
Ping Identity announced that it has been acquired by Vista Equity Partners, a private equity firm focused on software, data and technology-enabled businesses. The acquisition will enable Ping Identity to accelerate growth.
Ping Identity joins Vista with strong customer growth and business momentum. The company’s annual recurring revenue grew by more than 40% in 2015, and is expected to reach more than $100 million in 2016. More than 1,500 of the world’s most demanding enterprises, including over half of the Fortune 100, use the Ping Identity Platform.
Vista, who acquired Marketo for $1.8 billion earlier in the week and recently put in a bid to acquire Yahoo’s core business, has $25 billion in cumulative capital commitments. Other recent acquisitions include Cvent ($1.65b), Tibco ($4.6b) and Websense.
The transaction is expected to close in the third quarter of this year. Financial terms have not been disclosed.
Thursby supporting iOS support for Defense Logistics Agency
Thursby Software Systems Inc. announced that the company is providing software and support for two-factor authentication with Common Access Cards on Apple mobile devices for the Defense Logistics Agency (DLA).
Over the past year Thursby Software has been working with the DLA on a pilot program that was deployed to more than 5,000 users. DLA employees with a government issued iPhone are able to plug their CAC into a smart card reader and use PKard for Good to browse two-factor web sites, including internal SharePoint sites. The users also have the ability to use Good for Enterprise in sync with PKard for Good to read and send signed and encrypted email.
This three-year contract for agency-wide support of iPhones and iPads makes DLA part of a series of agencies that Thursby Software has announced enterprise support for in the past year. Others include Navy’s Next Generation Enterprise Network and the United States Department of Agriculture.
AMAG adds face recognition partner
AMAG Technology has added Stone Lock Global as a certified member of AMAG’s Symmetry Preferred Partner Program. As a certified partner, Stone Lock Global’s Facial Recognition device integrates with AMAG’s latest Symmetry V8 Access Control System. AMAG Technology and Stone Lock Global cooperatively tested and certified this integration.
Stone Lock Pro is a facial recognition device for access control that provides confirmation of identity – even in total darkness. Users simply approach the Stone Lock Pro device that will detect and measure more than 2,000 points of reflectivity on the user’s face – all in less than a second.
The integration with AMAG enables users to create a Stone Lock Pro user and pair it with a personnel and credential record from Symmetry, applying schedules and permissions to any Stone Lock device on the network. The integrated solution supports single, dual or three factor authentication methods in a single device and is critical when security is non-negotiable.