ForgeRock, which provides an identity management platform for enterprises, filed on Monday with the SEC to raise up to $100 million.
ForgeRock states that it has built a modern digital identity platform with a differentiated SaaS architecture and identity object modeling approach that allows enterprises to secure, manage, and govern the identities of consumers, employees and partners, APIs, microservices, devices, and IoT. Its identity platform provides a full suite of identity management, access management, identity governance, and AI-powered autonomous identity solutions. Its platform is able to support over 60,000 user-based access transactions per second per customer, and more than 1,300 organizations around the world leverage its platform to manage over three billion identities in aggregate.
The San Francisco, CA-based company was founded in 2010 and booked $157 million in revenue for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol FORG. ForgeRock filed confidentially on May 17, 2021. Morgan Stanley, J.P. Morgan, Deutsche Bank, Mizuho Securities, and HSBC are the joint bookrunners on the deal. No pricing terms were disclosed.
