SailPoint

SailPoint Technologies is a provider of account and user access management solutions that helps organizations around the world securely and efficiently manage data access policies for various applications from any device, including mobile devices located in both the data center and the cloud.

SailPoint Technologies was founded in 2005. Headquarters SailPoint is located in Austin, Texas, USA.

History

2022: Thoma Bravo bought SailPoint for $6.9 billion

On April 11, 2022, the investment company Thoma Bravo announced the acquisition of SailPoint for $6.9 billion. To pay for the transaction, the buyer will raise funds from Golub Capital, Blackstone Credit and Owl Rock Capital. The deal is expected to close in the second half of 2022.

In accordance with the terms of the agreement, shareholders will receive $65.25 per share SailPoint, which is a premium of 48% of the company's weighted average price from the beginning of 2022 to April 11, 2022. Once completed, SailPoint will become a private company with the flexibility and resources to continue delivering industry-leading identity protection solutions to today's enterprises around the world. In addition, the company will benefit from Thoma Bravo's operational capabilities, capital support, and deep software (software) expertise. After completion of the transaction, ordinary shares of SailPoint will no longer be quoted on the public market. The company will still be headquartered in Austin, Texas.

IB company sold for $6.9 billion

{{quote 'Identity security is the foundation of cybersecurity, and enterprises have realized that to ensure business growth and success, they must begin with identification as the basis for a secure business transformation. We have experienced rapid growth, and we see a huge opportunity to continue to set the pace in the identification security market as a market leader. Vera Thoma Bravo in our vision of safety of identification data completely coincides with our desire to accelerate and expand our leadership for the years ahead, - the CEO and the founder of SailPoint Mark McClain told. }} Mark McClain also said that digital transformation is becoming mandatory for enterprises of all sizes to remain competitive, and SailPoint provide the basis for a reliable security infrastructure that protects employees and sensitive information. McClain added that the company is pleased to use the deep software and operational capabilities of Thoma Bravo to support the mission SailPoint become the de facto preferred player in the market for identity security platforms in the global market.

Thoma Bravo has deep experience in the development of leading industry software brands, such as SailPoint, which are ready for significant growth and market leadership. SailPoint has a rich heritage in the field of security identification and a deep commitment to innovations in the pace required by the market for April 2022. The operational and financial resources of Thoma Bravo, combined with SailPoint 's focus on consistent innovations that ensure sustainable success with customers, will enable SailPoint to embark on a path of sustainable long-term growth.

The Special Committee of the Board of Directors SailPoint unanimously recommended, and after, approved the agreement with Thoma Bravo. The agreement includes a go-shop period expiring on May 16, 2022. During the period, a special commission with the participation of Evercore Partners will actively search for and evaluate alternative proposals until they enter into negotiations with the parties who put forward them. The Board of Directors will have the right to terminate the merger agreement in order to enter into an agreement with a better offer in accordance with the terms and conditions of the merger agreement. Morgan Stanley acts as financial advisor and Goodwin Procter as legal advisor to SailPoint. Kirkland & Ellis acts as legal advisor to Thoma Bravo.^[1]