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Open Source IAM Solutions Maker ForgeRock Raises $15 Million

ForgeRock, a San Francisco, California-based open source identity and access management (IAM) solutions provider, announced on Tuesday that it has raised $15 million through a Series B round of financing, bringing the company’s total funding to-date to $22 million.

ForgeRock is the creator of the “Open Identity Stack”, a unified, open source identity stack designed to help secure applications and services across private, hybrid, and public clouds, as well as SaaS, mobile, and enterprise systems.

ForgeRock LogoAccording to the company, the new cash will be used to fuel the development of ForgeRock’s Open Identity Stack, grow sales, and continue its global expansion.

The Open Identity Stack consists of three core products: OpenAM , OpenDJ and OpenIDM:

OpenAM - An all-in-one access management platform with adaptive intelligence to help protect against risk-based threats across any environment. Traditionally delivered as six different products — SSO, adaptive authentication, strong authentication, federation, web services security and fine-grained entitlement enforcement — OpenAM is now delivered as a single, unified offering. It allows organizations to use only the access control services they need and turn on additional service when ready, with no additional software, hardware or integration required.

OpenDJ - A 100 percent open-source big data platform that combines the security of a directory with the accessibility of a database. OpenDJ allows organizations to share real-time identity data across enterprise, cloud, social and mobile environments. With OpenDJ, developers do not need to be an LDAP expert; they can choose either LDAP or REST to access identity data using a single solution that can replicate data across on and off-premise applications.

OpenIDM - Allows organizations to automate user identity life cycle management in real time, including the management of user accounts and access privileges in applications. Lightweight and agile, OpenIDM was designed to help organizations ensure compliance with policies and regulatory requirements across enterprise, cloud, social and mobile environments.

In addition to its software and subscription services, the company offers “ForgeRock University”, training services designed to help developers architect, build and deploy the open-source identity solution.

The Series B round was led by Foundation Capital with additional participation from existing investor Accel Partners. Warren Weiss, General Partner with Foundation Capital, will join the board of advisors as part of the deal.

“As CIOs shift investment from employee to consumer-focused identity services, there is a greater need for an IAM stack that can stand up to the requirements of cloud, social, mobile and extended enterprise environments, and it is clear ForgeRock is uniquely positioned to meet this need,” Weiss said. “I look forward to joining the ForgeRock board and working with them to continue the mission of providing easy-to-deploy and massively scalable IAM to fuel secure collaboration across the contemporary web.” 

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.