Ping Identity, an identity security solutions company, has acquired fraud and bot detection and mitigation provider SecuredTouch. The acquisition helps Ping Identity protect organizations against bots, emulators and other identity security threats, CEO Andre Durand said. Financial terms were not disclosed.
This is technology M&A deal number 351 that MSSP Alert and sister site ChannelE2E have covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Organizations will be able to use the PingOne Cloud Platform and SecuredTouch to access identity security signals, data and intelligence, the companies said. That way, they can learn about fraudster behaviors and uncover ways to improve their authentication, stop malicious activity and reduce fraud.
Ping Identity will integrate SecuredTouch's capabilities into PingOne Cloud, according to the company. Furthermore, organizations will be able to deploy SecuredTouch as a standalone solution or as part of PingOne Cloud.
A Closer Look at SecuredTouch
SecuredTouch provides a machine learning and behavioral biometrics solution that detects fraud attacks that bypass threat detection tools, the company indicated. The solution helps organizations strengthen their security, reduce fraud losses and improve transaction rates.
Organizations can use SecuredTouch's solution to analyze data points generated by human and device attributes, the company noted. The solution identifies trusted users and flags suspicious activities before transactions take place.
In addition, SecuredTouch's solution distinguishes between human and non-human users, the company pointed out. The solution also continuously analyzes physical interactions between humans and devices, device attributes and account activities.
What Does the SecuredTouch Acquisition Mean for Ping?
SecuredTouch supports Ping's mission to provide intelligent identity solutions that combat malicious behaviors, Durand said. It will help Ping deliver seamless, frictionless and secure cloud-based identity solutions.
Ping provides multi-factor authentication, single sign-on, access management and other identity solutions to global organizations. It also offers a program that enables MSSPs, MSPs and other channel partners to incorporate identity and access management (IAM) capabilities into their portfolios.