PING - Ping Identity acquires ShoCard

Ping Identity (PING) announces the acquisition of ShoCard. Financial terms were not disclosed.ShoCard allows users to collect and store personal identity information on their phone and then unlock and share that information using facial or fingerprint biometrics.The technology will be integrated into the Ping Platform and made available to all Ping customers as a new model for privacy and customer engagement.The acquisition marks a significant step towards its vision of providing users with more control over their privacy while reducing fraud and streamlining user interactions with companies.

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Ping Identity acquires ShoCard