SailPoint Technologies Holdings, 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.
As 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.
Thoma Bravo is one of the largest private equity firms in the world, with more than $114bn 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 $190bn in enterprise value.
Read more: Business Wire
