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ForgeRock

ForgeRock, Inc. was an identity and access management software company headquartered in San Francisco. On August 23, 2023, Thoma Bravo announced that it had completed the acquisition of the company for approximately $2.3 billion. On acquisition completion, ForgeRock merged into Ping Identity, and both product portfolios continue being developed.

Overview

ForgeRock was founded in Norway in February 2010 by a group of former Sun Microsystems employees, after Sun was acquired by Oracle Corporation. After the acquisition, the software was scheduled for phase-out in favor of Oracle’s in-house product,[5] so the founders "started their own company to fork the code and continue developing Sun’s software."[6][7][8]

In April 2020, ForgeRock announced that it has raised $93.5 million in funding, a Series E it will use to continue expanding, which "brings the total raised by the company to $230 million."[9] The company went public in September 2021. It is listed on the New York Stock Exchange under the ticker symbol FORG.[10] On October 11, 2022, private equity firm, Thoma Bravo, agreed to purchase ForgeRock for $2.3 billion in an all-cash deal.[11] After the acquisition was completed in August 2023, the new owner reported that ForgeRock would be integrated into its company portfolio Ping Identity.[12]

Products

The ForgeRock Identity Platform includes Access Management (based on the OpenAM open source project), Identity Management (based on the OpenIDM open source project), Directory Services (based on the OpenDJ open source project), and Identity Gateway (based on the OpenIG open source project).[13] ForgeRock Access Management provides access management, ForgeRock Directory Services is an LDAP directory service, ForgeRock Identity Management is used for identity management, and ForgeRock Identity Gateway provides an identity gateway for web traffic and application programming interfaces (APIs).[14][15]

Originally based on open source software owned by Sun Microsystems (now Oracle Corporation), the enterprise version of the ForgeRock Identity Platform can only be accessed by purchasing a commercial license.[16] The source code of the community version is publicly available under the terms of the Common Development and Distribution License.[16]

See also

  • Customer identity access management

External links

References

  1. ForgeRock, Inc. 2022 Annual Report U.S. Securities and Exchange Commission, March 1, 2023^
  2. Eve Maler Named Chief Technology Officer at ForgeRock Security Magazine, BNP Media, 2020-03-15, retrieved 2020-07-18^
  3. Laura Hautala. It's Data Privacy Day. Do you know where your data is? CNET, January 28, 2016, retrieved August 15, 2016^
  4. Arun Mathew, Bruce Golden. ForgeRock: Identity at the Center of Everything Accel, September 16, 2021^
  5. Steven J. Vaughan-Nichols. Sun open source reborn in ForgeRock Computerworld, May 10, 2010^
  6. Digital identity company ForgeRock raises $93.5 million to develop enterprise cloud solution Tech.eu, 21 April 2020, retrieved 2020-06-08^
  7. ForgeRock aim to bring open source stack concept to IAM 11 December 2012^
  8. Jordan Novet. Gigaom - ForgeRock grabs $15M to push access and identity management software 8 April 2013, retrieved 29 July 2014^
  9. ForgeRock nabs $93.5M for its ID management platform, gears up next for an IPO TechCrunch, retrieved 2020-06-08^
  10. Sohini Podder, Krystal Hu. ID management firm ForgeRock jumps in NYSE debut, valued at nearly $3 bln Reuters, 2021-09-16, retrieved 2021-09-17^
  11. Ron Miller. Thoma Bravo buys third identity company this year with $2.3B ForgeRock acquisition TechCrunch, 2022-10-11, retrieved 2022-10-11^
  12. Akash Sriram. Thoma Bravo closes $2.3 bln deal to take software firm ForgeRock private Reuters, 23 August 2023^
  13. Open Source IAM Solutions Maker ForgeRock Raises $15 Million - SecurityWeek.Com 9 April 2013^
  14. ForgeRock Redefines Digital Identity Management with Enhanced Capabilities for The Internet of Things MarketWired, April 3, 2017^
  15. ForgeRock Raises $30M for Open-Source Identity-Relationship Tech eWeek, June 19, 2014, retrieved August 15, 2016^
  16. ForgeRock has shuttered the open-source community, and no longer allows new development on their platform under a permissive license timeforafork, June 1, 2017, retrieved June 1, 2017^