Submitted on12-05-201702:39 AMSubmitted bySoujanyaon12-05-201702:39 AM
Sailpoint, an identification and get entry to control (IAM) issuer, now has new investment within the shape of an unspecified funding reportedly well worth numerous hundred million greenbacks from personal fairness fund Thoma Bravo. Sailpoint co-founders Mark McClain and Kevin Cunningham could no longer reveal the scale of the investment, but said Thoma Bravo, with $7.five billion in capital under dedication, has a history of taking huge stakes in growing businesses destined for IPO or acquisition. The Austin, Texas-based business enterprise had formerly raised $21 million in three rounds of venture funding from Austin Ventures, Silverton partners and Lightspeed venture partners. The employer reached profitability a few years ago and hasn’t taken VC unding given that, a spokesman said. Sailpoint Training released in the post-Sarbanes-Oxley era while it became obvious that non-technical commercial enterprise users might need to address intricate document access necessities. “With auditors coming in to look who has get entry to to what, enterprise customers had been asked to check get right of entry to of employees or even companions to documents. The corporation says it brings together unmarried-sign on, password management, person get right of entry to provisioning in both SaaS and on-premises and could retain to provide both deployment fashions going ahead.
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