With about $50 million in annual revenues and 50 percent growth for three years running, Ping Identity
has emerged as the country's largest IT security company and looks towards an eventual IPO, says CEO and Founder Andre Durand. The company has grown as large enterprises adopt its Cloud Identity Management Platform.
About 90 of Ping Identity' employees are in Denver. Durand believes that number could jump to 140 by the end of 2013. The Denver office has HR, accounting, legal, engineering, sales and marketing staffers.
The company also has 50 employees in Boston, 45 in Vancouver and more than 200 working at smaller offices or remotely. New offices in Salt Lake City, San Francisco and London are slated to open by the end of Q1 2013. Durand is going to split time between Denver and the Bay Area from January to June.
"I'm going to raise our profile," says Durand. "This little company that's dominating its sector is little known in Silicon Valley," "It's its own echo chamber."
Also in Q1, the company will focus on marketing PingOne.com, its on-demand software-as-a-service (SaaS) product that launched in May 2011.
"We're really going to push it," Durand says. "It's going to be big."
Ping Identity will start competing more directly with big IT providers like Oracle and IBM.
"We've competed to the side of them as an add-on," Durand says. "This is where the startup goes head-to-head with the fathers."