Personal fairness big Thoma Bravo has now accomplished its buy of enterprise id safety vendor SailPoint in an all-cash deal estimated at $6.9 billion that was initially introduced on April 11 of this yr.
Thoma Bravo struck an identical deal earlier this month with one other id safety supplier, Ping Id, which it acquired for $2.8 billion in money. Ping went from a publicly traded firm to a privately held agency underneath the Thoma Bravo umbrella.
SailPoint, which gives a software-as-a-service (SaaS) identity-security platform known as IdentityNow, additionally now goes from publicly listed on the New York Inventory Trade to a privately held entity underneath Thoma Bravo. SailPoint stockholders are eligible for $65.25 in money per share of SailPoint widespread inventory now that the corporate has been delisted.
“SailPoint is on the forefront of the rising identity-security market and is well-positioned to additional capitalize on the rising demand from enterprises for modern and trusted options,” Seth Boro, a managing accomplice at Thoma Bravo, stated in an announcement in regards to the deal.