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

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

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.
Thoma Bravo
struck a similar deal earlier this month
with another identity security provider, Ping Identity, which it acquired for $2.8 billion in cash. Ping went from a publicly traded company to a privately held firm under the Thoma Bravo umbrella.
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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Thoma Bravo Closes $6.9B Acquisition of Identity-Security Vendor SailPoint