Symphonic Software syncs with Ping Identity

Symphonic Software, a UK-based software security spinout of Edinburgh Napier University, was acquired yesterday for an undisclosed sum by identity management technology provider Ping Identity.
Founded in 2014, Symphonic Software helps enterprises control user access to software development packages known as APIs. The tools will be rolled into Ping Intelligent’s enterprise identity management suite, extending a strategic collaboration between the two companies that began in 2018.
Symphonic Software’s co-founders include Bill Buchanan, a professor at Edinburgh Napier’s School of Computing who has contributed to three other cybersecurity spinouts from the same institution: ZoneFox, Cyan Forensics and Memcrypt.
Scottish Investment Bank, part of state-owned enterprise development board Scottish Enterprise, co-led a ‘seven-figure’ round for Symphonic in May 2019 with Par Equity, which had previously invested in the company in 2014, and Maven Capital Partners.