Intelligent identity solutions vendor Ping Identity Holding Corp, has announced that it has acquired SecuredTouch, a fraud and bot detection and mitigation company.
SecuredTouch said by leveraging behavioural biometrics, Artificial Intelligence (AI), Machine Learning and Deep Learning, it will provide identity, risk and fraud teams unparalleled early visibility into potential malicious activity happening across digital properties. The company added that through sophisticated bot detection and account takeover protection, companies can leverage SecuredTouch to provide a more secure and seamless experience for their customers.
“Identity isn’t just about knowing who customers are, it’s about knowing when someone is pretending to be a customer. As companies undergo massive Digital Transformation initiatives, the need for seamless, frictionless and secure identity solutions to confidently understand both those situations is imperative,” said Andre Durand, Founder and CEO, Ping Identity. “The acquisition of SecuredTouch accelerates our vision for cloud delivered intelligent identity solutions that combat malicious behaviour such as bots, emulators, and account takeover.”
Alasdair Rambaud, CEO, SecuredTouch, said: “This is a defining moment for our industry as identity security and fraud come together. Ping Identity’s enterprise proven and robust platform provides the perfect foundation for SecuredTouch’s advanced fraud detection capabilities.”
“Ping Identity is the perfect fit for our team, products, and technology,” added Ran Shulkind, Co-Founder and General Manager of SecuredTouch. “We look forward to joining forces to accelerate our mission of bringing the most advanced fraud detection solutions to companies across the globe.”