Colorado – June 3, 2016 – Cooley is advising Ping Identity on its acquisition by Vista Equity Partners for an undisclosed amount. The deal is expected to close in Q3 2016.
Ping, a Cooley client for the last decade, is a Denver-based leader in Identity Defined Security for the borderless enterprise, allowing employees, customers and partners access to the applications they need. Vista is a leading San Francisco-based private equity firm focused on software, data and technology-enabled businesses.
According to the company press release, "The acquisition will allow Ping to accelerate growth and innovation through strategic acquisitions and focused investment in its leading enterprise Identity-as-a-Service (IdaaS) capabilities, which places identity at the core of enterprise security."
"Enterprises require a partner who can effectively integrate every technology stack and cloud platform to provide secure access for their users. With Vista, we can now accelerate our vision of creating a borderless world secured through identity. The Ping team is excited to begin this next phase for Ping Identity and to broaden its reach into new markets," said Andre Durand, CEO of Ping Identity.
The Cooley corporate team advising Ping included Mike Platt, Matt Dubofsky, Ben Carver, Kassendra Galindo and Carlyn Williams.
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