Today, cloud security company Ping Identity launched PingOne, its new enterprise security service.

The new service is multiplexed, which means it allows an IT department to centrally control user access to cloud-based applications such as Salesforce or Webex. It also allows users to securely login to multiple cloud-based applications with only one username and password.

The service is available for $5,000 per application per year or $5 per user per month.

To learn more about Ping Identity, watch its FinovateEurope 2012 demo.