Wednesday, January 11, 2012

Ping Passes $100M In Total Sales

Denver-based Ping Identity said today that the firm has just passed $100 million in sales, since the company was founded. The firm--which provides cloud security tools--said it now has over 800 enterprises using its products. The company did not break down the amount of revenue received by the firm in 2011 or other years; the company was founded in 2002, according to the company's LinkedIn page. Ping is headed by Andre Durand. Ping is venture backed by Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, I-Vent, SAP Ventures, Silicon Valley Bank, Triangle Peak Partners, and Volition Capital. The company has raised somewhere around $49M in funding, based on various announcements and regulatory filings by the company over the years.