Ping Identity Due Diligence

Run due diligence on Ping Identity: check compliance and get alerts when suppliers change.

United States · www.pingidentity.com · 12 vendors

Ping Identity provides intelligent identity solutions for the enterprise, offering identity and access management (IAM) platforms. Their solutions include single sign-on (SSO), multi-factor authentication (MFA), access security, directory services, and fraud detection. The company enables secure and seamless digital experiences for employees, partners, and customers across cloud, mobile, SaaS, and on-premises applications.

Resilience scores

Technology vendors

Services catalogue

10 services in catalogue across 2 categories; runs on 12 sub-vendors.

Insights

Last updated 2026-05-04 · revision 7

12 direct vendors, 171 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

5 in-scope frameworks identified; showing 3.

ISO 27001 (source) — No public evidence

ISAE 3000 (source) — No public evidence

SOC 2 (source) — No public evidence

Financials

Three-year financials

Financial Resilience Score: 5/10

Ping Identity operated as a publicly traded identity security company (NYSE: PING) until its acquisition by Thales Group in late 2022 for approximately $2.8B. The company demonstrated consistent revenue growth from $231.7M in 2020 to $336.5M in 2022, reflecting strong demand for enterprise identity and access management solutions. However, the company was not consistently profitable on a GAAP basis, relying heavily on subscription-based recurring revenue which provided some revenue predictability but did not translate to operating profitability during its public tenure. The acquisition by Thales removed it from public markets, limiting further financial disclosure. Ping Identity's business model was transitioning from perpetual licenses to SaaS/subscription, which temporarily compressed margins but improved revenue quality and predictability over time. Annual Recurring Revenue (ARR) was a key metric, growing steadily and indicating healthy customer retention. The company served large enterprise and government clients, providing some revenue stability, but faced intense competition from Okta, Microsoft, and others. Post-acquisition by Thales, Ping Identity's standalone financials are no longer publicly disclosed, making current resilience assessment difficult. As a subsidiary of a large French defense and technology conglomerate, it benefits from significant financial backing but loses independent financial transparency. The identity security market remains robust, supporting long-term demand for Ping's products.

Key strengths: Consistent revenue growth trajectory from 2020 to 2022, Recurring subscription/SaaS revenue model improving revenue predictability, Strong enterprise and government customer base, Acquired by Thales Group for ~$2.8B in 2022, providing financial stability, Growing Annual Recurring Revenue (ARR) indicating healthy retention, Identity security market experiencing strong secular demand

Risk factors: Not consistently GAAP profitable during public company period, Intense competition from Okta, Microsoft Azure AD, and others, Post-acquisition financial data no longer publicly disclosed, SaaS transition period compressed margins, Dependence on large enterprise deals creates revenue lumpiness

Revenue by geography

Revenue by product/service

Workforce by country

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