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SailPoint Stockholders Approve Acquisition by Thoma Bravo
AUSTIN, Texas--(BUSINESS WIRE)-- SailPoint Technologies Holdings, Inc. (NYSE: SAIL) (“SailPoint”), the leader in enterprise identity security, today
About this update from Sailpoint, Inc.
[{"type":"text","content":" AUSTIN, Texas--(BUSINESS WIRE)--\nSailPoint Technologies Holdings, Inc. (NYSE: SAIL) (“SailPoint”), the leader in enterprise identity security, today announced that its stockholders voted to approve SailPoint’s pending acquisition by Thoma Bravo, a leading software investment firm, at SailPoint’s special meeting of stockholders held earlier today.\n\nThe final voting results on the proposals voted on at the special meeting will be set forth in a Form 8-K filed by SailPoint with the U.S. Securities and Exchange Commission, after certification by SailPoint’s inspector of elections.\n\nAs previously announced, under the terms of the merger agreement, SailPoint stockholders will receive $65.25 in cash per share of SailPoint common stock they own. The transaction is currently expected to close in the second half of 2022, subject to customary closing conditions, including the receipt of regulatory approvals. Upon completion of the transaction, SailPoint’s shares will no longer trade on the NYSE, and SailPoint will become a private company.\n\nAbout Thoma Bravo\n\nThoma Bravo is one of the largest private equity firms in the world, with more than $114 billion in assets under management as of March 31, 2022. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm’s deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco. For more information, visit www.thomabravo.com.\n\nAbout SailPoint\n\nSailPoint is the leading provider of identity security for the modern enterprise. Enterprise security starts and ends with identities and their access, yet the ability to manage and secure identities today has moved well beyond human capacity. Harnessing the power of our deep expertise combined with machine learning, 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 e...