Ping Identity, a cloud-based cybersecurity company, recently laid off several employees following a merger with San Francisco-based ForgeRock.
Thoma Bravo, Ping’s owner, declined to comment. Ping did not respond to requests for comment from the Denver Business Journal.
It’s unclear how many employees were affected by the layoffs. At least 19 former Ping employees based in the Denver metro area posted about the news on LinkedIn last week.
This round of layoffs comes less than three months after Ping merged with ForgeRock, an identity and access management software company.
ForgeRock was acquired by Thoma Bravo in August in an all-cash transaction valued at approximately $2.3 billion. Thoma Bravo announced that ForgeRock would merge with Ping Identity, with Ping CEO and founder Andre Durand leading the combined company.
“Unfortunately, with large market moves comes large restructurings and as #PingIdentity and #ForgeRock finalize their merge, there simply isn’t enough room,” a former Ping employee wrote on LinkedIn.
Several others also attributed the layoffs to the merger between Ping and ForgeRock. Other former employees cited “shifting business needs.”
Affected employees primarily worked on Ping’s go-to-market team serving as project managers, content creators and marketing professionals, analysts, account managers and UI and UX designers and developers, according to Denver Business Journal research.
Ping had 1,256 full-time employees as of March.
ForgeRock employees and former Ping employees based outside of Colorado were also let go as part of this merger, according to LinkedIn posts. ForgeRock had 96 Bay Area-based LinkedIn members list it as their employer.
Ping was taken private by Thoma Bravo last year in an all-cash deal valued at $2.8 billion.
