[February 08, 2013] |
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Forbes Magazine Names Ping Identity One of America's Most Promising Companies
DENVER --(Business Wire)--
Ping
Identity®, The Identity Security Company™, today
announced it has been named one of America's Most Promising Companies by
Forbes Magazine. The Company was ranked #56 on the annual list of the
top 100 privately held high-growth companies with bright futures.
Recognized for record growth, product excellence and customer adoption,
Ping Identity is the only identity security company to make the list.
"We're thrilled to be recognized by Forbes," said Ping Identity CEO
Andre Durand. "We started Ping Identity on the wild idea that identity
was central to unlocking amazing new business potential. Today that
crazy idea is a reality as companies view identity as instrumental to
cloud and mobile security. The customers and industry supporters who
shared our vision have been invaluable to our success."
Forbes' list of America's Most Promising Companies features 100
privately held companies whose compelling business models, strong
management teams, notable customers, strategic partners and precious
investment capital have separated them as fast growing companies with
impressive growth prospects. Ping Identity is listed as #56 on Forbes
annual ranking of America's Most Promising Companies. To view the
complete list, please visit http://www.forbes.com/most-promising-companies.
This latest accolade continues the significant market momentum
experienced by Ping Identity. The company recently announced
significant record growth by adding more than 200 new customers in 2012,
raising its total to nearly 1,000, including 45 of the Fortune 100, and
adding 100 new SaaS (News - Alert) vendors to its SaaS Partner Program, growing to more
than 280.
About the Forbes Methodology
One metric never says it all. For the Most Promising list, FORBES strove
for a holistic gauge of young, privately held companies, trying to pin
down their trajectories by looking at a slew of variables. Over the
course of six months FORBES reviewed thousands of applications. The
final assessment is based on growth (both in sales and hiring), quality
of management team and investors, margins, market size and key
partnerships.
FORBES turned to CB Insights, a Manhattan-based data research firm that
specializes in assessing private companies, to refine the search. Their
MOSAIC software scans 45,000 sources to measure a company's health. A
new distribution deal, for example, marks a positive signal, while the
loss of an executive is a negative. MOSAIC gathers those myriad signals
into a final score that FORBES uses as an initial guide in producing the
list. After verifying sales numbers, speaking with each company and
debating their merits and blemishes, FORBES produces a final ranking.
About Ping Identity | The Identity Security Company
Ping Identity believes secure professional and personal identities
underlie human progress in a connected world. Our identity and access
management platform gives enterprise customers and employees one-click
access to any application from any device. Over 900 companies, including 45
of the Fortune 100, rely on our award-winning products to make the
digital world a better experience for hundreds of millions of
people. Visit pingidentity.com for
more information.

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