Twelve-month-old Ping Identity Corp this week announced the PingID Network, a planned service that provides basic infrastructure and trust-based agreements for companies setting up Liberty-based network identity services.
Ping said organizations who sign-up to PingID will not need to negotiate all-important trust agreements with partners also using Liberty-based systems. Instead, PingID would establish trust relationships and businesses would simply subscribe to PingID’s own agreements.
PingID will also provide basic services, such as shared authentication between members, further reducing the complexity and overhead of establishing Liberty-based services.
Andre Durand, Ping chief executive, equated the PingID network to the banks’ and financial services companies’ ATM network which is a secure platform used to link members and also conduct authentication of customers.
PingID has no customers and Durand warned service is a year-distant. However, he said the company is in talks and would name early adopters during the next quarter. Fidelity Investments is believed to be an early adopter.
PingID also lacks much infrastructure. Instead, Durand hopes members will own the network, as banks and financial institutions own ATM networks, providing network and data center resources.
A company spokesperson said early adopters are using the service to safely test early Liberty-based services. We are talking to a handful of companies who want to deploy services in a sand box.
Durand said potential customers should not be deterred by Denver, Colarodo-based Ping Identity’s newness. The company this week received a second-round of venture capital funding from Nokia Corp while PingID’s senior management include Visa International veterans Linda Elliott and Bill Reid. Durand himself founded last year’s Digital World ID Conference in Denver.
Source: Computerwire
