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

upnorth

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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.
 

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