Ping Identity secures $35M to put a bullet in the password

  • 18 September 2014
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Ping Identity secures $35M to put a bullet in the password
 DENVER, Colo. -- September 18, 2014 -- Ping Identity®, The Identity Security CompanyTM, today announced a $35 million investment round led by global investment firm KKR with participation from Ten Eleven Ventures, a new fund founded by security entrepreneur Alex Doll, as well as existing investors Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures, W Capital Partners, Volition Capital, Triangle Peak Partners and Appian Ventures. This round brings the total funding for Ping Identity to $110 million.
“Identity security is hot, and it is a market in the midst of a massive technology shift that will reshape the entire industry,” stated Andre Durand, founder and CEO, Ping Identity. “This funding is further recognition that Ping Identity has built the largest independent identity company, and we are positioned to extend that growth as an enduring, independent company. We’re excited to have the backing from KKR and our other incredible investors as we execute on Ping’s mission to secure and protect online identity.”
 
Full Commentary here/ http://www.darkreading.com/operations/identity-and-access-management/ping-identity-secures-$35m-to-put-a-bullet-in-the-password/a/d-id/1315878?

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