Ping Identity to Acquire Symphonic Software to Accelerate Dynamic Authorization for Enterprises Pursuing Zero Trust Identity ...
November 02 2020 - 9:00AM
Business Wire
Ping Identity Holding Corp. (NYSE: PING) (“Ping Identity”), the
Intelligent Identity solution for the enterprise, today announced
that it has acquired Symphonic Software, a leader in dynamic
authorization for protecting APIs, data, apps and resources through
identity. Dynamic authorization gives IT teams ultimate flexibility
to control what users can see and do, enabling enterprises to more
easily prevent fraud, improve cybersecurity, and comply with
regulations.
Over the past two years Ping Identity and Symphonic have enjoyed
a collaborative and successful partnership, pairing Symphonic’s
authorization platform with Ping’s data privacy and consent
products. The Ping Identity and Symphonic solution allows
enterprises to centralize administration and enforcement to
critical resources and data for all types of users, applications
and devices in a language that is easily understood. The solution
also gives enterprises the ability to address the scalability and
performance requirements they need to secure access to critical
resources and data.
“With increasing data privacy regulations, users are demanding
that enterprises give them better digital experiences with more
transparency and control,” said Andre Durand, CEO and Founder of
Ping Identity. “The acquisition of Symphonic accelerates our vision
for enterprises to not only maintain security and compliance with
confidence, but to easily deliver personalized, trustworthy
experiences.”
Integrated with the broader Ping Intelligent Identity Platform,
enterprise customers can cover advanced authorization scenarios
that go beyond typical user roles and entitlements. Dynamic
authorization extends their identity platform with policies that
leverage context, risk, and consent, allowing enterprises to
deliver more secure experiences with faster time-to-market.
Enterprise-grade features like delegated administration,
deployment workflows, integrated testing and analysis of policies,
and more, truly show the value customers see in the joint Ping
Identity and Symphonic solution. In addition, by integrating
Symphonic into Ping’s platform, customers can avoid costly custom
integrations by leveraging native services that are core to
identity platforms like users, groups, entitlements, consents, and
risk. Ping offers a rich set of policy enforcement methods for API
and web-based applications without requiring custom integration
code.
“For the past two years Symphonic has worked alongside Ping to
make policy management easy for enterprises,” said Derick James,
CEO of Symphonic. “Ping Identity’s dedication to their customers
aligns well with Symphonic’s values, and we are thrilled to
continue our journey together as one.”
About Symphonic
Founded in 2014, Symphonic Software is an industry leader in
dynamic and intelligent authorization. Symphonic helps
organizations with the challenge of enforcing complex policy
decisions across multiple channels for their workforce, customers,
3rd party providers and business partners. The Symphonic suite of
solutions are a critical component of some of the industry’s most
successful digital transformations in the API-driven and
inter-connected digital economy. Symphonic delivers market leading
solutions to clients in multiple sectors globally from its base in
the UK. For more information, visit www.symphonicsoft.com.
About Ping Identity
Ping Identity is the Intelligent Identity solution for the
enterprise. We enable companies to achieve Zero Trust
identity-defined security and more personalized, streamlined user
experiences. The Ping Intelligent Identity™ platform provides
customers, workforce, and partners with access to cloud, mobile,
SaaS and on-premises applications across the hybrid enterprise.
Over half of the Fortune 100 choose us for our identity expertise,
open standards, and partnerships with companies including Microsoft
and Amazon. We provide flexible identity solutions that accelerate
digital business initiatives, delight customers, and secure the
enterprise through multi-factor authentication, single sign-on,
access management, intelligent API security, directory, and data
governance capabilities. For more information, visit
www.pingidentity.com.
Follow Us on Twitter: @PingIdentity Join us on LinkedIn: Ping
Identity Subscribe to our YouTube Channel: PingIdentityTV Like Us
on Facebook: PingIdentityPage
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201102005095/en/
Investor Relations Contact Nicholas Allen
investor@pingidentity.com 720.728.1007
Media Contact Kristin Miller press@pingidentity.com
720.728.1033
Ping Identity (NYSE:PING)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ping Identity (NYSE:PING)
Historical Stock Chart
From Sep 2023 to Sep 2024