Ping Identity, the intelligent identity solution for the enterprise, announced it has been named a leader in the 2022 KuppingerCole Leadership Compass report for Access Management.
It is the third consecutive year the company has achieved a leadership rank in the report.
The KuppingerCole Leadership Compass for Access Management 2022 report provides up to date insights on the leaders in innovation, product features, and market reach for access management on-premises, cloud, and hybrid platforms. This year, Ping Identity received top honours in four categories including Innovation, Market, Product, and Overall Leadership.
"Ping Identity has a strong presence in North America and good representation in EMEA and APAC regions with a suitable partner ecosystem," says Richard Hill, KuppingerCole analyst and author of the report.
"They appear in all leadership categories in this Leadership Compass and continue to innovate in a positive direction," he says.
"As such, Ping Identity's platform should be included in any shortlist for Access Management platform solutions to consider."
The report cited the company's technological advantages in numerous areas of identity-based security, particularly its strong federation, single sign-on (SSO), and session management capabilities; superior authentication support; good API security; authorisation and policy management; identity verification capabilities, strong fraud detection, and good use of analytics and access intelligence, among other product strengths.
"Organisations are seeking ways to deliver secure employee and customer experiences in our rapidly evolving digital world," says Andre Durand, chief executive officer and founder of Ping Identity.
"The KuppingerCole Leadership Compass Report confirms that Ping Identity offers the highest level of features, market presence, and innovation needed to address ever-changing identity and access challenges," he says.
last month, Ping Identity launched a corporate venture capital fund to foster innovative offerings for the identity security market.
Ping Ventures will serve as an in-house corporate venture arm providing startups with capital and guidance to create next-gen identity and access management (IAM) offerings.
In addition, the US$50 million fund will give capital and guidance to early-stage, high-growth tech companies working on expanding support for Ping Identity's product portfolio by creating integrated, complementary and add-on technologies and offerings.
"Our mission has always been to deliver innovative products that address continuously evolving security risks and business needs," Durand says.
"But keeping pace with new threats means we can't do it all alone. Ping Ventures will provide businesses access to new innovations to engage their customers and employees in seamless and secure digital experiences," he says.
Ping Ventures will act as a co-investor and strategic partner along with other leading investors seeking innovative startups in the identity and access management sectors and adjacent markets. The fund will be led by Ping Ventures corporate development head Anton Papp and will also offer startups the ability to use Ping's hybrid portfolio of products and services, as well as access to business and technical subject matter experts and leading industry standards architects.