The Forgerock deal could be huge IMO ...... read this Rocket:
By
Robert Hackett
Updated: September 5, 2017 7:03 AM ET
ForgeRock, a San Francisco-based cybersecurity firm that manages people’s digital identities, has raised $88 million in funding. The company plans to use the capital to scale its operation ahead of an initial public offering slated for early 2019, CEO Mike Ellis tells
Fortune.
ForgeRock provides identity management services for customers such as investment manager Morningstar, telecom firm Vodafone, and insurer Geico as well as the governments of Norway, New Zealand, and Belgium.
Ellis referred to the fundraising round, ForgeRock’s fourth since its founding in 2010, as a “key driver” for the company’s IPO preparations.
He says he plans to put the new capital toward product research and development, as well as sales and marketing expansion, especially in the Asia Pacific region.
ForgeRock inked more than $100 million in bookings—a measure of projected sales based on customer contracts—in 2016. The company’s revenue is split roughly 50-50 between the U.S. and outside the U.S.
As part of the deal, Arun Mathew, an investor at Accel, and Dave Welsh, a managing director at KKR, are joining ForgeRock’s board of directors.
Welsh, who once served as a strategist at the cybersecurity firm McAfee, says that he considered the endorsement of a former boss, Dave DeWalt, vice chair of ForgeRock’s board and ex-CEO of McAfee and FireEye, to be a major point of validation. He says ForgeRock is “almost the best kept secret $100 million in sales business.”
“Whether to a vehicle or device, everything is tied to some sort of identity,” Mathew says. “We think ForgeRock is at the vanguard of protecting identities across all these devices.”
ForgeRock expects to have more than 500 employees at the end of this year, up from about 400 at the end of last year.
reference:
http://fortune.com/2017/09/05/security-forgerock-ipo/
Looking then on Forgerock's list of partners for Australia (we are yet to appear) and specifically
managed services providers [
https://www.forgerock.com/partner/partner-search/]: you will see there are very few ........ IMO this is a far bigger deal for DWX than is indicated in the latest TSN update
.
From https://www.forgerock.com/partner/partner-search/.............
GLOBAL
Accenture
Global Strategic Partner
Partner Type: Integrator,
Managed Service Provider
Accenture is a global management consulting, technology services and outsourcing company that serves all industries and business functions. Accenture collaborates with clients to help them become high-performance businesses and governments.
Contact partner »
AUSTRALIA, NEW ZEALAND
Cogito Group
Registered Partner
Partner Type: Integrator,
Managed Service Provider
Cogito Group is an Australian owned ICT company dedicated to providing organisations with digital security solutions. Cogito Group assists organisations with their digital security and authentication requirements. We take the ‘trust’ conventions that work in the physical market place, that protect organizations from fraud, such as photo identification; hand written signatures, – and make them work online.
Contact partner »
AUSTRALIA, GERMANY, INDIA, INDONESIA, MALAYSIA, PHILIPPINES, SINGAPORE, THAILAND, UK, USA
Cyberinc
Delivery PartnerStrategic Partner
Partner Type: Integrator
Cyberinc is a global technology solutions leader that helps clients accelerate their digital innovation, secure their enterprises and optimize business operations. We combine core domain expertise, thought leadership in innovation, security and leverage industry leading IP to deliver tangible business results for global corporations. Employing more than 1,300 domain and technology experts across North America, APAC, Europe and Middle East we help clients realize and strengthen information and data security objectives. This includes modernizing and aligning traditional IT systems to be more secure, building next generation security solutions for cloud and mobile while strengthening response during an information security incident or event. As a leader in Enterprise Security having secured more than 30M identities over 15 years, our client-centric approach is differentiated by our seasoned expertise and mature partnerships with leading security technology providers like ForgeRock.
Contact partner »
AUSTRALIA, MALAYSIA, NEW ZEALAND, PHILIPPINES
Datacom Systems
Strategic Partner
Partner Type: Integrator
Datacom Systems designs, builds and deploys complex identity management, user provisioning, authentication and verification solutions across New Zealand, Australia and Asia.
Contact partner »
AUSTRALIA
Deloitte Australia
Strategic Partner
Partner Type: Integrator
Deloitte Australia is a leading provider of identity and access management solutions in the region. With significant experience in the design and delivery of complex, large-scale IAM solutions, Deloitte is a natural choice for organisations embarking on digital transformation initiatives. Deloitte is able to combine its IAM expertise with a range of supporting disciplines - Privacy for customer data, security testing and certification, digital expertise for customer applications etc. Our team is routinely engaged in the full IAM life-cycle: Current state analysis, Strategy and Architecture, Design and Delivery through to IAM hosting and Managed Services. The Australian team has a long history with the ForgeRock products with many of our consultants having extensive experience with the Sun Microsystems product line.
Contact partner »
AUSTRALIA, BELGIUM, CANADA, GERMANY, INDIA, NETHERLANDS, SWITZERLAND, UK, USA
Tech Mahindra Limited
Strategic Partner
Partner Type: Integrator,
Managed Service Provider
Tech Mahindra is one of the TOP 6 Global Service Providers HQ in India, offering innovative and customer centric IT services & solutions, enabling Enterprises, Associates and the Society to Rise. They are a 3.9+ B USD company with 105200+ professionals across 90 countries, helping over 788 GLOBAL CUSTOMERS including Fortune 500 Companies. Their Innovation Platforms and Re-Usable assets connect across a number of technologies to deliver tangible business value to their stakeholders globally. Tech Mahindra is also amongst the Fab 50 Companies in Asia as per the Forbes 2014 List. They are part of the 16.9 B USD CORPORATE HOUSE - THE MAHINDRA GROUP that employs more than 200000 people in over 100+ Countries Globally.
MartyW
