Vista Equity Partners Is Acquiring Ping Identity

Vista Equity Partners said Wednesday that it is acquiring Ping Identity, a firm that manages employees’ digital identities, for an undisclosed sum. The deal is expected to close in the third quarter of the year.

As recently as last fall, Ping said it had its sights on an initial public offering, either later this year or early next year. The company, founded in 2002, is known for its single sign-on and multi-factor authentication software tools.

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