Ping Identity has acquired antifraud technology provider SecuredTouch. Denver-based Ping, which provides intelligent identity solutions for enterprises, was attracted to SecuredTouch’s focus on bot detection and account takeover.
“Identity isn’t just about knowing who customers are, it’s about knowing when someone is pretending to be a customer. As companies undergo massive digital transformation initiatives, the need for seamless, frictionless, and secure identity solutions to confidently understand both those situations is imperative,” said Andre Durand, founder and CEO of Ping Identity. “The acquisition of SecuredTouch accelerates our vision for cloud delivered intelligent identity solutions that combat malicious behavior such as bots, emulators, and account takeover.”
Ping Identity said it will offer customers the opportunity to use the SecuredTouch platform as a standalone solution or as part of the Ping Identity cloud-based offering. Financial details of the agreement were not disclosed.