Thoma Bravo, a software investment firm, completed the acquisition of SailPoint Technologies Holdings, Inc., an Austin, TX-based enterprise identity security company, in an all-cash transaction valued at approximately $6.9 billion.
The agreement to be acquired was previously announced on April 11, 2022 and approved by SailPoint stockholders at the Special Meeting of Stockholders held on June 30, 2022.
At completion of the acquisition, SailPoint stockholders are entitled to receive $65.25 in cash for each share of SailPoint common stock they owned. SailPoint’s common stock has ceased trading and will be delisted from the New York Stock Exchange.
SailPoint will benefit from the strategic and operational support of Thoma Bravo to continue to drive innovation in identity security, expand its global customer base, and continue providing identity security solutions to modern enterprises around the world.
Led by Mark McClain, CEO and Founder, SailPoint is a provider of identity security for the modern enterprise. The SailPoint Identity Security Platform delivers the right level of access to the right identities and resources at the right time—matching the scale, velocity, and environmental needs of today’s cloud-oriented enterprise.
FinSMEs
17/08/2022