Ping Identity Receives Investment from SAP Ventures; Leader in Federated Identity to Collaborate with SAP's Venture Arm

Business Wire, June 21, 2005

DENVER -- Ping Identity Corporation, the leading provider of federated identity management software solutions, today announced the addition of SAP Ventures as the final participant in its over-subscribed Series B financing. Proceeds from SAP Ventures, a division of SAP AG, investment will be used to expand Ping's rapid growth into products and services that target business-to-business integration.

PingFederate(TM), Ping Identity's flagship federation server, allows enterprises to securely link and exchange identity information for an enterprise's partner, supplier and customer organizations. Numerous Global 2000 corporations are deploying PingFederate to more efficiently implement initiatives around Web Single Sign On, Portal Integration, and Service Oriented Architectures.

"SAP is deeply committed to technologies which support tighter business-to-business integration," said Lisa Reeves, senior vice president, SAP Ventures. "We believe federated identity is a cornerstone technology to enable secure communications and frictionless commerce between trading partners. Enterprises are now realizing not only the strategic benefits of the federated approach, but also the tactical benefits as they utilize federation to solve immediate user, application and partner integration problems. SAP Ventures believes that Ping Identity has fast become a suitable solution of choice."

Andre Durand, CEO of Ping Identity, stated: "Ping is honored to have SAP Ventures join the company. We expect federation will play a large role in securing cross-company integration of ERP systems, both at an end-user level, and at a web services level. We look forward to working closely with SAP Ventures to ensure that our products and solutions meet the requirements of SAP's and Ping identity's customers in the years ahead."

To learn more about Ping Identity, please see www.pingidentity.com.

About Ping Identity Corporation

Ping Identity Corporation (www.pingidentity.com) provides software and intelligent services for simplified identity federation and secure Internet-scale identity. Ping's products focus exclusively on identity federation, open standards and ease of deployment. Ping is a leading provider of federation servers, federation testing services and open source federation toolkits (www.sourceid.org).

About SAP Ventures

Since 1996, SAP Ventures has been investing in companies that offer exciting new technologies and applications. Leveraging years of experience and drawing on a network of powerful business relationships, SAP Ventures helps entrepreneurs and management teams recruit the best people, make the right technology decisions, win new business, and build their own partner networks. The goal of SAP Ventures is to grow businesses that create shareholder value for everyone involved. For more information, visit www.sapventures.com.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright (C) 2005 SAP AG. All rights reserved.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.