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Identity Firm SailPoint to Be Bought by Thoma Bravo: $6.9B

Thoma Bravo has agreed to purchase identity security firm SailPoint for $6.9 billion. The deal is the sixth-biggest cybersecurity acquisition of all time. The Austin-based company said the proposed acquisition will give SailPoint the flexibility needed to support its customers, expand its markets and accelerate innovation. SailPoint’s stock is up $14.87, or 29.99%, to $64.46 per share in premarket trading Monday. The company’s revenue surged to $439 million in 2021, up 20% from $365.3 million the year prior.”]

Source: https://www.healthcareinfosecurity.com/identity-firm-sailpoint-to-be-bought-by-thoma-bravo-69b-a-18884

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