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New Deal


Announced

Completed

Ping Identity completed the acquisition of SecuredTouch.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Israel

Cross Border

Completed

Private

identity verification

Software

Majority

Friendly

Single Bidder

Synopsis

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Ping Identity, a provider of cloud identity security solutions, completed its acquisition of SecuredTouch, a developer of software solutions. Financial terms were not disclosed. "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. The acquisition of SecuredTouch accelerates our vision for cloud-delivered intelligent identity solutions that combat malicious behavior such as bots, emulators, and account takeover," Andre Durand, Ping Identity Founder and CEO.

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