M&A Deal Summary

Ping Identity Acquires Keyless

On October 30, 2025, Ping Identity acquired information technology company Keyless from Sift

Acquisition Highlights
  • This is Ping Identity’s 5th transaction in the Information Technology sector.
  • This is Ping Identity’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2025-10-30
Target Keyless
Sector Information Technology
Buyer(s) Ping Identity
Sellers(s) Sift
Deal Type Divestiture

Target

Keyless

London, United Kingdom
Keyless provides biometric authentication and identity verification technology that eliminates passwords and preserves user privacy. The Company’s platform integrates facial recognition, device binding, and cryptography to deliver multi-factor authentication without storing biometric data. It serves industries including banking, government, and healthcare. Keyless was founded in 2019 and is headquartered in London, United Kingdom.

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Buyer(S) 1

Buyer

Ping Identity

Denver, Colorado, United States

Category Company
Founded 2016
Sector Information Technology
Revenue 299M USD (2021)
DESCRIPTION

Ping Identity engages in Identity Defined Security for the borderless enterprise, allowing employees, customers, and partners access to the applications they need. Protecting over one billion identities worldwide, the company ensures the right people access the right things, securely and seamlessly. More than half of the Fortune 100, including Boeing, Cisco, Disney, GE, Kraft Foods, TIAA-CREF, and Walgreens, trust Ping Identity to solve modern enterprise security challenges created by their use of cloud, mobile, APIs, and IoT. Ping Identity was founded in 2016 and is based in Denver, Colorado.


DEAL STATS #
Overall 9 of 9
Sector: Information Technology M&A 5 of 5
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-23 ForgeRock

San Francisco, California, United States

ForgeRock is the digital identity management company transforming the way organizations interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the internet of things. ForgeRock was founded in 2010 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Sift

San Francisco, California, United States

Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

Sift is a Digital Trust & Safety company empowering digital disruptors to Fortune 500 companies to unlock new revenue without risk. Sift dynamically prevents fraud and abuse through industry-leading technology and expertise, an unrivaled global data network of 70 billion events per month, and a commitment to long-term customer partnerships. Sift was founded in 2011 and is based in San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Keyless

London, United Kingdom

Keyless provides biometric authentication and identity verification technology that eliminates passwords and preserves user privacy. The Company’s platform integrates facial recognition, device binding, and cryptography to deliver multi-factor authentication without storing biometric data. It serves industries including banking, government, and healthcare. Keyless was founded in 2019 and is headquartered in London, United Kingdom.

Buy -