ForgeRock
| Company type | Public (until 2023) |
|---|---|
| Industry | Identity and access management software |
| Founded | February 2010 in Norway |
| Fate | Acquired by Thoma Bravo and consolidated into Ping Identity (August 23, 2023) |
| Headquarters | San Francisco , United States |
| Products | ForgeRock Identity Platform (Access Management, Identity Management, Directory Services, Identity Gateway) |
| Parent | Ping Identity (under Thoma Bravo) |
ForgeRock, Inc. was a company specializing in identity and access management software, with its headquarters located in San Francisco. On August 23, 2023, Thoma Bravo finalized the purchase of ForgeRock for roughly $2.3 billion. Subsequent to this transaction, ForgeRock was consolidated into Ping Identity, and both companies' product portfolios continued their development efforts.
Overview
Established in Norway in February 2010 by former employees of Sun Microsystems following Oracle's acquisition of Sun, ForgeRock was founded to sustain the development of Sun’s identity software, which Oracle intended to discontinue. The founders took the original codebase and "forked" it to preserve and advance the technology.
In April 2020, ForgeRock secured $93.5 million through a Series E funding round aimed at accelerating growth, increasing total capital raised to $230 million. The firm went public on the New York Stock Exchange in September 2021 under the ticker symbol FORG. In October 2022, the private equity firm Thoma Bravo announced plans to acquire ForgeRock for $2.3 billion in cash. After the deal closed in August 2023, ForgeRock became part of Thoma Bravo’s Ping Identity portfolio.
Products
The ForgeRock Identity Platform includes Access Management (originating from the OpenAM open source initiative), Identity Management (OpenIDM), Directory Services (OpenDJ), and Identity Gateway (OpenIG). Access Management provides control over user access, Directory Services delivers an LDAP directory solution, Identity Management oversees user identity data, and Identity Gateway protects web traffic and APIs.
While based on open source software originally developed by Sun Microsystems (now Oracle), the enterprise edition is available under a commercial license. Meanwhile, the community edition’s source code continues to be accessible publicly under the Common Development and Distribution License.