Ping Identity Launches PingOne

In modern day collaborative computing, frequently used applications such as SaaS (News - Alert), HR and partner apps are quickly moving to the Cloud. They provide users with seamless, anywhere, anytime access from any device, and also keep their identities safe. They do this by getting rid of passwords through standards-based SSO. They also extend company security policies to all cloud apps, including mobile phones.

Ping Identity, a company that provides all the above-mentioned cloud security services, has upgraded its product portfolio and unveiled PingOne, the world’s first multiplexed identity switch in the Cloud. The new solution offers clients Tier 1 Single Sign-On (SSO) access to all of their cloud applications, the company stated in a press release.

Companies can now employ standards-based, federated SSO protocols such as SAML, OAuth, and OpenID with the help of Tier 1. This also eliminates the possibility of storing passwords or managing duplicate end-user accounts in the Cloud. It also provides complete Tier 1 SSO and multiplexed (one-to-many) capabilities to the customers, the company has stated.

“Enterprises asked us for a better way to connect their workforce to the Cloud,” said Andre Durand, CEO of Ping Identity. “PingOne is the answer. It can be set up in hours and is completely self-service. The service doesn't replicate Active Directory and it doesn't store passwords. It's 100 percent based on open standards, which is the most secure way to do identity in the Cloud.”

In 2011, TMC’s (News - Alert) Jamie Epstein reported that the company secured $21 million in funding from Triangle Peak Partners, Silicon Valley Bank, and existing investors Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP (News - Alert) Ventures and Volition Capital.

The company’s total funding has now grown to an astounding $34 million including the newly attained funds. Ping’s PingFederate enterprise password management facilitates employees, consumers, customers and partners to utilize various cloud resources.