The Ledger
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Durand: Ping Identity converted $75M perpetual revenue to $100M+ ARR
“And so at the end of 20 16, then, we were north. We had converted Seventy-five million in one-time revenue to over a hundred million in recurring revenue.”
Durand: Ping Identity's initial ASPs land in the low hundreds of thousands
“You know, our average prices range from, you know, kind of initial ASPs, if you will, range in the,
Low hundreds of thousands.
And for larger customers, they will make north of million dollar annual commitments.”
Durand: Services fees consistently stay under 5% of Ping Identity's revenue
“No, we've always been less than five percent services fees, so that's really all recurring.”
Durand: Ping Identity has just under 1,500 enterprise customers
“We're just under 1500 enterprise customers.”