Thoma Bravo Closes $6.9 Billion Acquisition of Identity-Security Vendor SailPoint

guest · Aug 18, 2022

All-cash transaction deal that was first announced in April means SailPoint is no longer a publicly traded company.
August 17, 2022

Private equity giant Thoma Bravo has now completed its purchase of enterprise identity security vendor SailPoint in an all-cash deal estimated at $6.9 billion that was initially announced on April 11 of this year.

SailPoint, which offers a software-as-a-service (SaaS) identity-security platform called IdentityNow, also now goes from publicly listed on the New York Stock Exchange to a privately held entity under Thoma Bravo. SailPoint stockholders are eligible for $65.25 in cash per share of SailPoint common stock now that the company has been delisted.

"SailPoint is at the forefront of the growing identity-security market and is well-positioned to further capitalize on the increasing demand from enterprises for innovative and trusted solutions," Seth Boro, a managing partner at Thoma Bravo, said in a statement about the deal.
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SailPoint: Thoma Bravo Completes Acquisition of SailPoint

Austin, TX and San Francisco – August 16, 2022 – SailPoint Technologies Holdings, Inc., the leader in enterprise identity security, today announced the completion of its acquisition by Thoma Bravo, a leading software investment firm, 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.
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Thoma Bravo Closes $6.9 Billion Acquisition of Identity-Security Vendor SailPoint

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Thoma Bravo Closes $6.9 Billion Acquisition of Identity-Security Vendor SailPoint

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