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June 21, 2011 02:00 pm GMT

Ping Identity Raises $21M To Provide A Secure, Single Sign-On For Enterprise Applications

Ping Identity, a company that creates secure, cloud based sign-in platform for enterprise applications, has raised $21 million in funding from Triangle Peak Partners, Silicon Valley Bank, and existing investors Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital. This brings the company's total funding to $34 million. Ping's PingFederate allows employees, consumers, customers or partners access to multiple cloud resources using a single username and password. PingConnect eliminates passwords for virtually every major SaaS application including Salesforce, Google Apps, Concur, SuccessFactors, Workday and many more and lets companies manage user identities via single sign-on that works across all of these applications.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sLrOrrJS9XM/

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