Ping Identity Nears $100M In Annual Revenue

Denver-based Ping Identity, the provider of cloud identity software, says it is approaching $100M in annual recurring revenue, after seeing 40 percent growth in its recurring revenues in 2015. The privately held startup, led by Andre Durand, says the growth comes as a result of adoption of its products by global enterprises, and particularly customers in the EMEA. Ping Identity says it has been in growth mode, adding 135 employees in 2015. Ping Identity is venture backed by KKR, Ten Eleven Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures, W Capital Partners, Volition Capital, Triangle Peak Partners and Appian Ventures.