Top 20 Identity management companies by revenue in 2022

by Nicolae Buldumac
· 21/11/2023 12:54 · 5-7 min read
Top 20 Identity management companies by revenue in 2022

In an era where digital interactions and online security are paramount, the management of identities and access to information has become not just a necessity, but a critical component of the modern business landscape. The year 2022 witnessed a remarkable surge in the importance of identity management, as organizations worldwide scrambled to fortify their digital perimeters against an ever-evolving array of cyber threats. 

This article unveils the top 20 Identity Management companies of 2022, offering a comprehensive overview of the industry's leading players and their significant impact on the global digital ecosystem. These companies have not only demonstrated exceptional revenue growth, but they have also pioneered innovative solutions in the field of identity management, setting new standards for security, privacy, and user experience. 

As businesses continue their digital transformation journeys, the ability to safeguard sensitive information, streamline user access, and maintain compliance with data protection regulations has become a mission-critical imperative. The companies featured in this list have risen to the occasion, providing cutting-edge technologies and services that empower organizations to navigate the complex landscape of identity and access management with confidence. 

From multifactor authentication and single sign-on solutions to identity as a service (IDaaS) and biometric authentication, these companies offer a diverse range of tools and expertise. Whether you're a multinational corporation, a government agency, or a small enterprise, identity management is no longer a choice but an essential investment. 

In this article, we delve into the offerings and achievements of these top 20 Identity Management companies, shedding light on the innovations that are reshaping the way we approach digital identity and access control. Join us on a journey through this rapidly evolving sector, where security, convenience, and compliance intersect to define the future of digital identity. 

 

1. Fischer Identity 

Fischer Identity | Ellucian

  • 2022 Revenue – 3.7 billion USD 

  • Number of employees – 70 

  • Founding year - 1982 

  • Location: United States 

Company description: Fischer Identity emerges as a significant player in the realm of enterprise Identity and Access Management (IAM) solutions, firmly grounded in the principles of the Zero Trust model. Our IAM solutions, seamlessly integrated with AWS infrastructure, bring about a simplification, automation, and acceleration of identity management processes. With an emphasis on limitless scalability and continuous access to innovative features, Fischer Identity enables organizations to build and maintain robust identity management programs. It's crucial to underscore that, for enhanced security measures, the journey to Zero Trust invariably commences with a focus on Identity.

 

2. Okta 

File:Okta logo.svg - Wikipedia

  • 2022 Revenue – 1.9 billion USD 

  • Number of employees – 9,100 

  • Founding year - 2009 

  • Location: United States 

Company description: Okta, a leading independent identity provider, presents the Okta Identity Cloud, streamlining secure connections between individuals and technologies as required. With a repertoire of over 7,000 pre-built integrations covering a range of applications and infrastructure providers, Okta guarantees uncomplicated and secure access for individuals and organizations on a global scale, enabling them to navigate with confidence. Trusted by more than 10,000 organizations, including industry giants such as JetBlue, Nordstrom, Siemens, Slack, T-Mobile, Takeda, Teach for America, and Twilio, Okta plays a pivotal role in upholding the identities of their employees and customers.

 

3. Ping Identity 

Ping Identity Logo PNG Vector (SVG) Free Download

  • 2022 Revenue – 0.3 billion USD 

  • Number of employees – 1,422 

  • Founding year - 2002 

  • Location: United States 

Company description: Ping Identity leads the way in advancing digital security while prioritizing seamless experiences. Committed to the idea of digital freedom, our top-tier identity solutions seamlessly incorporate with third-party services, eradicating the need for passwords, combating fraud, and promoting Zero Trust security. Achieving this level of security is as straightforward as drag-and-drop on our platform. It's no wonder that more than half of the Fortune 100 place their trust in Ping Identity to secure digital interactions, all the while ensuring user experiences remain smooth and frictionless.

 

4. RSA Security 

RSA Security - Crunchbase Company Profile & Funding

  • 2022 Revenue – 740 million USD 

  • Number of employees – 2,826 

  • Founding year - 1982 

  • Location: United States 

Company description: RSA offers identity-first solutions tailored for security-first organizations transitioning from on-premises to the cloud or adopting hybrid environments. These solutions encompass modern authentication, lifecycle management, and identity governance, facilitating success in a digital world. 

 

 

5. Auth0 by Okta 

Auth0 by Okta | LinkedIn

  • 2022 Revenue – 383 million USD 

  • Number of employees – 448 

  • Founding year - 2013 

  • Location: United States 

Company description: Auth0 by Okta stands as your trusted partner in modern identity solutions. As part of the Okta family, Auth0 provides a cutting-edge Identity Platform that redefines secure access for all applications and users. The platform seamlessly combines simplicity for development teams with unmatched flexibility. Processing billions of secure login transactions each month, Auth0 places a priority on convenience, privacy, and security, empowering customers to drive innovation confidently.

 

6. Delinea 

Delinea Logo Vector Download - (.SVG + .PNG) - Logovectordl.Com

  • 2022 Revenue – 250 million USD 

  • Number of employees – 950 

  • Founding year - 2004 

  • Location: United States 

Company description: Delinea stands out as a leading provider of Privileged Access Management (PAM) solutions designed for the modern, hybrid enterprise. The Delinea Platform goes beyond traditional PAM offerings by seamlessly extending authorization to all identities. This control over access extends to an organization's critical hybrid cloud infrastructure and sensitive data, contributing to risk reduction, compliance assurance, and enhanced security simplification. Delinea has successfully eliminated complexities and set clear access boundaries for a diverse clientele, ranging from small businesses to major financial institutions, intelligence agencies, and critical infrastructure companies. In the face of evolving digital transformations and the shift to cloud environments, organizations encounter intricate privileged access requirements amid an expanded threat landscape. Delinea recognizes that simplicity doesn't mean basic; it means achieving a seamless experience. The Delinea Platform excels in delivering privileged access controls across the modern, hybrid enterprise by authorizing all identities. It operates on the principle that every user should be treated as a privileged user, ensuring a secure and seamless access experience. This approach aligns with cybersecurity strategies that prioritize placing privileged access at the core while minimizing complexity. 

 

7. ForgeRock 

ForgeRock - Wikipedia

  • 2022 Revenue – 217.5 million USD 

  • Number of employees – 974 

  • Founding year - 2010 

  • Location: United States 

Company description: ForgeRock®, a pioneer in digital identity, is a provider of cutting-edge Identity and Access Management solutions. Trusted by over a thousand global organizations, ForgeRock facilitates secure access for consumers, employees, and IoT devices in our interconnected world. The offerings include dynamic access controls, governance, APIs, and authoritative data storage, adaptable to any cloud or hybrid setup. As a publicly traded company headquartered in San Francisco, California, ForgeRock maintains a global presence. Elevate your digital identity management with ForgeRock. 

 

8. Alloy 

Alloy Rebrands and Expands Platform to Add Transaction Monitoring  Capabilities

  • 2022 Revenue – 150 million USD 

  • Number of employees – 277 

  • Founding year - 2015 

  • Location: United States 

Company description: Alloy, a leading end-to-end identity risk management platform, specializes in providing tailored solutions for financial product providers. Covering the entire customer journey, Alloy offers banks and fintechs a versatile and scalable approach to identity risk management, from onboarding to account initiation. With customizable tools for fraud, credit, and compliance risk, along with expert guidance and an extensive network of data partners, Alloy empowers companies to deliver exceptional financial services globally. Trusted by nearly 500 firms, Alloy ensures robust control over fraud, credit, and compliance risk, facilitating growth with unparalleled customer insights.

 

9. SailPoint 

SailPoint | Identity Security for the Cloud Enterprise

  • 2022 Revenue – 134.3 million USD 

  • Number of employees – 2,423 

  • Founding year -2005 

  • Location: United States 

Company description: SailPoint leads the charge in modern enterprise identity security, employing AI and machine learning to streamline access management. The cutting-edge identity platform automates access control, ensuring that individuals have the right entry to technology resources when required. Seamlessly integrating with existing systems, SailPoint provides a unified view of all identities and their access. Tailoring its intelligent identity solution to the unique scale, pace, and environmental demands of modern enterprises, SailPoint empowers even the most complex organizations to establish a robust security foundation rooted in identity security. Join us on the voyage to secure enterprise identities.

 

10. Prove 

Prove Logo PNG Vector (PDF) Free Download

  • 2021 Revenue – 109 million USD 

  • Number of employees – 418 

  • Founding year - 2008 

  • Location: United States 

Company description:Prove is at the forefront of modernizing identity verification for businesses. Through cutting-edge solutions, particularly with a focus on phone-centric approaches, we empower businesses to attract new customers, engage existing ones, and enhance security and privacy. Prove is trusted by over 1,000 companies spanning finance, healthcare, insurance, and e-commerce, managing 1 billion+ identity tokens. Our Phone-Centric Identity™ platform combats fraud, drives revenue growth, and lowers operational expenses globally across 195 countries, ensuring seamless identity verification across all channels.

 

11. ID.me 

ID.me Logo PNG vector in SVG, PDF, AI, CDR format

  • 2022 Revenue – 100 million USD 

  • Number of employees – 845 

  • Founding year - 2010 

  • Location: United States 

Company description: ID.me is dedicated to simplifying digital identity verification for individuals. Our secure digital identity network has grown to 66 million members, with over 145,000 new registrations daily. We have established partnerships with 29 states, 10 federal agencies, and 500+ renowned retailers. Across industries, we offer identity proofing, authentication, and group affiliation verification services, all designed to meet federal consumer authentication standards and Kantara Initiative's NIST 800-63-3 IAL2/AAL2 requirements. Furthermore, ID.me's Identity Gateway holds a Federal Risk and Authorization Management Program (FedRAMP) Moderate Authority to Operate (ATO), ensuring top-tier security for identity verification needs.

 

12. Semperis 

Semperis - Procurement

  • 2022 Revenue – 100 million USD 

  • Number of employees – 388 

  • Founding year - 2015 

  • Location: United States 

Company description: Semperis is a dedicated partner in protecting hybrid and multi-cloud environments. With cutting-edge technology, we ensure the integrity and availability of crucial enterprise directory services, significantly reducing recovery time. Our expertise lies in securing hybrid Active Directory environments, safeguarding over 50 million identities from cyber threats, data breaches, and operational mishaps. Trusted by leading global organizations, Semperis plays a crucial role in identifying directory vulnerabilities, halting ongoing cyberattacks, and facilitating swift recovery from data integrity crises. Headquartered in Hoboken, New Jersey, with a diverse research and development team across the United States, Canada, and Israel, Semperis is your cybersecurity ally.

 

13. Trulioo 

FinovateEurope 2023 – Trulioo - Finovate

 

  • 2022 Revenue – 100 million USD 

  • Number of employees – 401 

  • Founding year - 2011 

  • Location: Canada 

Company description: Trulioo serves as your global partner for identity verification, providing a platform that empowers organizations globally. Our commitment is to simplify compliance challenges and deliver real-time verification for over 5 billion individuals and 300 million businesses. With cutting-edge technology expediting identity verification, Trulioo facilitates universal access to the digital economy, ensuring it's accessible to individuals worldwide. Join us on this journey toward global growth and excellence in compliance.

 

14. Onfido 

Onfido to Enable Identity Document and Biometric Verification to Azure AD  B2C Customers | Financial IT

  • 2021 Revenue – 100 million USD 

  • Number of employees – 619 

  • Founding year - 2012 

  • Location: United Kingdom 

Company description: Onfido specializes in simplifying digital identity verification, offering a streamlined approach to accessing services through its Real Identity Platform. This platform allows businesses to tailor verification methods, easily adjusting to user and market demands with a no-code orchestration layer. By seamlessly incorporating document and biometric verifications, trusted data sources, and passive fraud signals, companies can address their unique risk, regulatory, and friction requirements. Onfido Atlas™ AI, developed in-house over a decade, drives the platform's fully automated, end-to-end identity verification, ensuring fairness, speed, and precision in analysis. 

 

15. SecureAuth Corporation 

SecureAuth - Passwordless Continuous Authentication

  • 2022 Revenue – 60 million USD 

  • Number of employees – 181 

  • Founding year -2005 

  • Location: United States 

Company description: SecureAuth Corporation is at the forefront of access management and authentication, introducing innovative solutions that revolutionize security through continuous, passwordless authentication for employees, partners, and customers. Our distinctive approach is adaptable across cloud, hybrid, and on-premises environments, providing comprehensive access management and safeguarding applications, systems, and data globally. Join us as we contribute to shaping the future of secure access on a global scale.

 

 

16. Optimal IdM 

File:Oprimal IdM LOGO.gif - Wikipedia

  • 2022 Revenue – 39 million USD 

  • Number of employees – 11 

  • Founding year - 2005 

  • Location: United States 

Company description: Optimal IdM stands out as a leading provider of Identity and Access Management (IAM) solutions. Our IAM platform, known for its innovation and cost-effectiveness, offers a comprehensive suite of services aimed at safeguarding digital assets, ensuring regulatory compliance, and optimizing user access for organizations. Prioritizing both security and user experience, we empower businesses to confidently manage identities and access. Our solutions are tailored to diverse industries, providing flexible IAM solutions that scale alongside your organization's growth. The widespread trust of customers globally solidifies Optimal IdM's position as a reliable leader in the IAM landscape.

 

 

 

17. OneLogin 

OneLogin Vector Logo | Free Download - (.SVG + .PNG) format -  SeekVectorLogo.Com

  • 2022 Revenue – 23.7 million USD 

  • Number of employees – 104 

  • Founding year - 2009 

  • Location: United States 

Company description: OneLogin by One Identity stands at the forefront of Identity and Access Management, presenting the Trusted Experience Platform™ to secure workforces, customers, and partners affordably. Headquartered in Aliso Viejo, OneLogin caters to a diverse clientele, with over 5,500 global customers, including notable names like Airbus, Stitch Fix, and AAA.

 

 

18. Ermetic 

Ermetic - Data Connectors

  • 2022 Revenue – 14.3 million USD 

  • Number of employees – 167 

  • Founding year - 2019 

  • Location: United States 

Company description: Ermetic's Cloud Security platform aims to streamline and fortify cloud environments within AWS, Azure, and GCP. Providing comprehensive asset visibility, robust risk assessment, real-time threat monitoring, and tools for regulatory compliance, our solution is designed to enhance cloud security. Ermetic strives to simplify complexity, mitigate cloud vulnerabilities, and enable scalable least privilege enforcement. Leverage built-in expertise and remediation capabilities to visualize and prioritize security concerns with precision. Trust Ermetic to efficiently protect your cloud infrastructure and secure what truly matters.

 

19. Keyfactor 

Keyfactor raises $125M and merges with PrimeKey to create a machine  identity management platform | VentureBeat

  • 2021 Revenue – 11.2 million USD 

  • Number of employees – 411 

  • Founding year -2001 

  • Location: United States 

Company description: Keyfactor is at the forefront of identity-first security, addressing the challenges of a hyper-connected world by bridging the gap between humans and machines. Our solutions focus on simplifying PKI, automating certificate lifecycle management, and strengthening the security of every device, workload, and entity. Keyfactor's goal is to empower organizations to quickly establish and maintain digital trust on a global scale, especially in the era of zero trust where effective identity management is crucial. Join us in securing the future of digital connectivity.

 

 

20. My1Login 

My1Login - Crunchbase Company Profile & Funding

  • 2022 Revenue – 1.7 million USD 

  • Number of employees – 14 

  • Founding year - 2007 

  • Location: United Kingdom 

Company description: Founded in 2007, My1Login has established itself as a cybersecurity leader specializing in Identity Management. Our Identity & Access Management (IAM) solution is designed to protect enterprises from cyber threats. Tackling the increasing complexity of corporate user identities, usernames, and passwords, we provide seamless Single Sign-On for web and Windows desktop apps linked to users' directory logins. My1Login simplifies security by eliminating the burden of passwords, allowing enterprises to transition from password-based to passwordless authentication. It centralizes password control, enhancing the security and efficiency of processes such as onboarding and offboarding. Additionally, our auto-detection of accessed apps reduces the risk of Shadow IT. As the UK's most secure and widely-compatible IAM solution, My1Login assists organizations in defending against password-related cybersecurity threats, managing user identities, and meeting crucial compliance standards.

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