ForgeRock

ForgeRock, Inc. is a multinational identity and access management software company headquartered in San Francisco, U.S. with offices in Bristol,[5] London, Grenoble, Vancouver (U.S.), Oslo, Munich, Paris, Sydney, and Singapore.[6] The ForgeRock Identity Platform is a full-suite IAM and identity governance and administration (IGA) solution, can be implemented across an organization for all identities (workforce, consumers and things), and offers feature parity across all delivery options, including on-premise, any cloud environment, multi-cloud, hybrid, and as a service (SaaS).[7] Fran Rosch is the CEO of ForgeRock.[8] ForgeRock has raised $250 million in venture funding from Accel Partners, Foundation Capital, Meritech Capital Partners, Riverwood Capital and KKR.[9][10]

ForgeRock, Inc.
TypePublic
NYSE: FORG
IndustryEnterprise software
FoundedFebruary 2010 (2010-02) in Norway
Founders
  • Lasse Andresen
  • Steve Ferris
  • Jonathan Scudder
  • Victor Ake
  • Hermann Svoren
Headquarters
San Francisco, California
,
United States
Area served
Worldwide
Key people
  • Fran Rosch (CEO)
  • John Fernandez (CFO)
  • Eve Maler (CTO)
ProductsForgeRock Identity Platform
RevenueIncrease US$218 million (2022)
Decrease US$−67 million (2022)
Decrease US$−66 million (2022)
Total assetsDecrease US$494 million (2022)
Total equityDecrease US$316 million (2022)
Number of employees
923 (December 2022)
Websiteforgerock.com
Footnotes / references
[1][2][3][4]

The company has 1,300 enterprise customers in total, including the BBC, BMW, GEICO, Maersk, Philips, Standard Chartered, Toyota, Weight Watchers (WW), and more.[11]

ForgeRock was founded in Norway in February 2010 by a group of former Sun Microsystems employees, after Sun was acquired by Oracle Corporation. Their logo is a stylized depiction of the Norwegian Kjeragbolten rock. After the acquisition, the software was scheduled for phase-out in favor of Oracle’s in-house product,[12][13] so the founders "started their own company to fork the code and continue developing Sun’s software."[13][14][15]

In April 2020, ForgeRock announced that it has raised $93.5 million in funding, a Series E it will use to continue expanding, which "brings the total raised by the company to $230 million."[16] The company went public in September 2021. It’s listed on the New York Stock Exchange under the ticker symbol FORG.[17]

On October 11, 2022, private equity firm Thoma Bravo, agreed to purchase ForgeRock for $2.3 billion in an all-cash deal.[18]

Products

The ForgeRock Identity Platform includes a suite of identity management, access management, intelligent access, identity gateway, directory services, identity governance, autonomous identity, and edge security capabilities to serve enterprise consumer, workforce, and IoT requirements.[19] The platform is consumable as a cloud service through ForgeRock Identity Cloud,[20] or deployable through self-managed options, including public cloud, private cloud, and on-premises environments.

The ForgeRock Identity Platform includes Access Management (based on the OpenAM open source project), Identity Management (based on the OpenIDM open source project), Directory Services (based on the OpenDJ open source project), and Identity Gateway (based on the OpenIG open source project).[21] ForgeRock Access Management provides access management, ForgeRock Directory Services is an LDAP directory service, ForgeRock Identity Management is used for identity management, and ForgeRock Identity Gateway provides an identity gateway for web traffic and application programming interfaces (APIs).[22][23] ForgeRock also offers a Profile and Privacy Management Dashboard for compliance with the EU General Data Protection Regulation (GDPR) and provides support for the User-Managed Access (UMA) 2.0 standard.[24]

Originally based on open source software owned by Sun Microsystems (now Oracle Corporation), the enterprise version of the ForgeRock Identity Platform can only be accessed by purchasing a commercial license.[25] The source code of the community version is publicly available under the terms of the Common Development and Distribution License.[25]

References
  1. "ForgeRock, Inc. 2022 Annual Report". U.S. Securities and Exchange Commission. March 1, 2023.
  2. "Eve Maler Named Chief Technology Officer at ForgeRock". Security Magazine. Michigan: BNP Media. 2020-03-15. Retrieved 2020-07-18.
  3. Hautala, Laura (January 28, 2016). "It's Data Privacy Day. Do you know where your data is?". CNET. Retrieved August 15, 2016.
  4. Mathew, Arun; Golden, Bruce (September 16, 2021). "ForgeRock: Identity at the Center of Everything". Accel.
  5. "Bristol ForgeRock staff produce their own special brew in the basement". Bristol Post. November 12, 2014. Retrieved August 15, 2016.
  6. "Contact ForgeRock". www.forgerock.com. Retrieved 2018-08-02.
  7. "Digital Identity for Consumers and Workforce | ForgeRock". www.forgerock.com. Retrieved 2021-09-17.
  8. Inc., ForgeRock. "Fran Rosch Named ForgeRock Chief Executive Officer". GlobeNewswire News Room. Retrieved 2018-08-02. {{cite news}}: |last= has generic name (help)
  9. Hackett, Robert. "ForgeRock Raises $88 Million Ahead of Planned IPO".
  10. Woelfel, Joe. "ForgeRock Stock Pops Over 46% in NYSE Trading Debut". www.barrons.com. Retrieved 2021-09-17.
  11. "ID management firm ForgeRock jumps in NYSE debut, valued at nearly $3 bln". Reuters. 2021-09-16. Retrieved 2021-09-17.
  12. Vaughan-Nichols, Steven J. (May 10, 2010). "Sun open source reborn in ForgeRock". Computerworld.
  13. "Digital identity company ForgeRock raises $93.5 million to develop enterprise cloud solution". Tech.eu. Retrieved 2020-06-08.
  14. "ForgeRock aim to bring open source stack concept to IAM". 11 December 2012.
  15. Novet, Jordan (8 April 2013). "Gigaom - ForgeRock grabs $15M to push access and identity management software".
  16. "ForgeRock nabs $93.5M for its ID management platform, gears up next for an IPO". TechCrunch. Retrieved 2020-06-08.
  17. "ForgeRock announces IPO pricing". Finextra Research. 2021-09-16. Retrieved 2021-09-17.
  18. Miller, Ron (2022-10-11). "Thoma Bravo buys third identity company this year with $2.3B ForgeRock acquisition". TechCrunch. Retrieved 2022-10-11.
  19. "Digital Identity Management | ForgeRock". www.forgerock.com. Retrieved 2021-10-05.
  20. "Identity Cloud | ForgeRock". www.forgerock.com. Retrieved 2021-10-05.
  21. "Open Source IAM Solutions Maker ForgeRock Raises $15 Million - SecurityWeek.Com".
  22. "ForgeRock Redefines Digital Identity Management with Enhanced Capabilities for The Internet of Things". MarketWired. April 3, 2017.
  23. "ForgeRock Raises $30M for Open-Source Identity-Relationship Tech". eWeek. June 19, 2014. Retrieved August 15, 2016.
  24. "ForgeRock Delivers First, Comprehensive Interactive Profile and Privacy Dashboard for GDPR Compliance | ForgeRock". www.forgerock.com. 18 October 2017.
  25. "ForgeRock has shuttered the open-source community, and no longer allows new development on their platform under a permissive license". timeforafork. June 1, 2017. Retrieved June 1, 2017.

Further reading


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