Tech profile: digital identity and access managers ForgeRock
As technology’s inexorable march continues, it’s vital that security considerations keep pace. One of the principle tasks of such security is in gating the access to internal systems. One provider of the identity and access management tools that make such an effort possible is San Francisco’s ForgeRock.
Founded in 2010, the company says its specialty lies in the field of digital identities, a market which, according to Gartner, is worth $16bn and growing at a rate of 13% per year.
ForgeRock offers a “unified” identity platform on an XaaS model, deployable either locally or on the cloud. Features include the ability to be implemented for both consumers and the workforce, with capabilities across identity gateway, directory services, user-managed access and edge security.
It’s an approach that has led the company’s software to be taken up by global giants, including the likes of Comcast, BNP Paribas, Allianz and the BBC, to name a few of its over 1,100 customers.
The company has also attracted significant backing, with a total of $233.7mn raised across 5 funding rounds. Its latest Series E, announced on 21 April, saw $93.5mn raised from lead investor Riverwood Capital and others including Accel.
In a press release accompanying the news, the company’s CEO Fran Rosch said: “To be competitive today, companies need to deepen their relationships with their customers and improve the productivity and connectivity of their workforce. ForgeRock is the only AI-driven platform that empowers organizations to create amazing digital experiences for both workforce and consumer segments as well as things.
“Increasingly, our platform is becoming mission critical to the largest organizations in the world, and we take our responsibility seriously to deliver on their expectations. This has become even more pronounced as remote work and E-commerce has surged in the wake of the COVID-19 pandemic. Completing this funding round in the current climate is a testament to the relevance of ForgeRock.”