Who Owns SailPoint Company?

SailPoint Bundle

Get Full Bundle:

	SWOT	$15	$10
	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10

TOTAL:

ADD TO CART

Who Really Controls SailPoint Technologies?

In the ever-evolving cybersecurity realm, understanding the ownership structure of key players is paramount. SailPoint, a leader in enterprise identity security, recently made headlines with its re-entry into the public market via IPO in February 2025. This move prompts critical questions about who truly steers the ship and what it means for investors and the future of identity governance.

SailPoint's journey, from its founding in 2005 by Mark McClain, Kevin Cunningham, and Jackie Gilbert, to its current status as a publicly traded company, is a story of strategic shifts and significant investment. This exploration will uncover the key players behind SailPoint SWOT Analysis, examining the influence of major investors and the dynamics shaping the company's future. Understanding the SailPoint ownership structure is crucial for anyone seeking to navigate the complexities of the identity security market, including its financial performance and the role of the SailPoint parent company.

SailPoint Technologies was established in 2005. The company's origins trace back to Austin, Texas, with a core team of entrepreneurs. Their combined expertise in identity management laid the foundation for SailPoint's early success.

The founders, Mark McClain, Kevin Cunningham, and Jackie Gilbert, brought significant experience to the table. McClain, serving as CEO, and Cunningham had previously co-founded Waveset, which Sun Microsystems acquired. Gilbert's background in identity management further strengthened the team.

Early financial backing from venture capital firms fueled SailPoint's growth. This early investment supported the development and launch of IdentityIQ, their initial identity governance platform.

Founders

Mark McClain, Kevin Cunningham, and Jackie Gilbert founded SailPoint in 2005.

Early Funding

Series B funding of $10 million was announced in January 2007.

Initial Product

IdentityIQ, an identity governance platform, was launched in 2007.

Early Investors

Lightspeed Venture Partners, Austin Ventures, Origin Partners, and Silverton Partners were key investors.

CEO

Mark McClain served as the CEO and Founder of SailPoint.

Focus

The company focused on addressing the need for identity compliance.

Early Ownership and Strategy

The founders' vision centered on identity governance, leveraging their prior experience. Early investments provided the capital to develop their initial product, IdentityIQ. SailPoint's focus on identity governance solutions was a direct result of the founders' expertise in the identity management market. The company's early strategy was to establish a strong foothold in the identity security platform market.

• The initial funding rounds were crucial for product development.
• The founders' experience shaped the company's core offerings.
• SailPoint's early focus was on identity governance.
• Early investors played a key role in the company's growth.

SailPoint SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The ownership structure of SailPoint has seen significant shifts since its inception. Initially, the company went public in November 2017, trading on the New York Stock Exchange under the ticker 'SAIL'. However, this public phase was short-lived. In April 2022, Thoma Bravo, a software investment firm, agreed to acquire SailPoint in an all-cash deal valued at approximately $6.9 billion. This acquisition was finalized on August 16, 2022, with stockholders receiving $65.25 per share, leading to the company becoming privately held and delisted from the NYSE. This marked Thoma Bravo's second acquisition of SailPoint, having previously acquired the company in 2014 before its initial IPO in 2017.

As of February 12, 2025, SailPoint, formerly SailPoint Parent, LP, transitioned into a Delaware corporation named SailPoint, Inc., in connection with its second initial public offering. The company priced its upsized IPO at $23.00 per share, offering 60 million shares and raising $1.38 billion, with a total valuation of $12.8 billion. Despite returning to the public market, Thoma Bravo remains a major stakeholder, retaining a 76% stake post-IPO, maintaining significant control. This allows SailPoint to leverage Thoma Bravo's operational expertise, financial support, and software knowledge to accelerate innovation and expand its global customer base. Institutional investors like AllianceBernstein and Dragoneer Investment Group committed to purchasing up to 20% of the IPO shares, indicating confidence in SailPoint's growth.

Thoma Bravo's continued significant ownership highlights its long-term commitment and strategic vision for SailPoint, ensuring the company benefits from its resources and expertise. The recent IPO demonstrates a strategic move to capitalize on market opportunities while maintaining a strong foundation for future growth. For further insights into the competitive environment, consider exploring the Competitors Landscape of SailPoint.

Key Takeaways on SailPoint Ownership

SailPoint's ownership has evolved from public to private and back to public, with Thoma Bravo as a major player.

• Thoma Bravo acquired SailPoint in 2022 and again in 2014.
• The recent IPO in February 2025 saw Thoma Bravo retain a 76% stake.
• Institutional investors show confidence in SailPoint's future.
• The company is now focused on expanding its identity governance solutions.

SailPoint PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

While specific details on the current individual board members and their affiliations with major shareholders or independent seats are not extensively detailed in the provided search results from 2024-2025, it is clear that SailPoint's board and voting structure are significantly influenced by its ownership evolution, particularly the substantial stake held by Thoma Bravo. As of its recent IPO in February 2025, Thoma Bravo retained a 76% stake in SailPoint, effectively ensuring its continued control over the company.

The executive team, which typically includes key leadership roles such as CEO, President, CFO, and CTO, plays a crucial role in the day-to-day operations and strategic execution under the board's guidance. Mark McClain remains the CEO and Founder, with other key executives including Matt Mills (President), Abby Payne (Chief People Officer), Brian Carolan (Chief Financial Officer), and Chandra Gnanasambandam (EVP Product and CTO).

In general, for publicly traded companies, the voting structure typically operates on a one-share-one-vote basis, meaning each share of common stock grants one vote. In the context of SailPoint's acquisition by Thoma Bravo in 2022, and its subsequent re-IPO, the private equity firm's majority ownership implies a direct and significant impact on voting power for major decisions. When SailPoint was taken private in 2022, stockholders voted to approve the acquisition, with each share of common stock entitling its holder to one vote. While SailPoint has returned to being a public company, Thoma Bravo's retained 76% ownership means they hold the majority of voting power, allowing them to elect a majority of the board of directors and influence strategic decisions. This arrangement is common when a private equity firm takes a company private and then re-lists it, maintaining significant control to implement their long-term growth and profitability strategies.

Understanding SailPoint's Ownership and Governance

SailPoint's ownership structure is heavily influenced by Thoma Bravo, which holds a significant majority stake. This impacts the company's board composition and strategic direction. The voting power is largely controlled by Thoma Bravo, which can elect the majority of the board.

• Thoma Bravo's 76% ownership ensures control.
• The board of directors oversees strategic decisions.
• Mark McClain remains the CEO and Founder.
• The company's history includes a 2022 acquisition and subsequent re-IPO.

SailPoint Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

The recent ownership landscape of SailPoint has been marked by significant shifts over the past few years. Initially a publicly traded entity, the company transitioned to private ownership under Thoma Bravo in August 2022 following a $6.9 billion acquisition announced in April 2022. This move allowed SailPoint to leverage Thoma Bravo's expertise and financial backing, which helped accelerate its growth and SaaS transformation.

A key development is SailPoint's renewed presence in the public market. In February 2025, the company conducted its second IPO, with shares priced at $23.00 each. This IPO, which raised $1.38 billion through the offering of 60 million shares, valued the company at approximately $12.8 billion. Despite this return to the public market, Thoma Bravo maintains a substantial stake, holding a significant 76% ownership of SailPoint. This allows Thoma Bravo to continue influencing SailPoint's strategic direction, including future acquisitions.

SailPoint's recent acquisitions, particularly under Thoma Bravo's ownership, highlight its focus on expanding its identity security platform. These acquisitions include Imprivata's IGA business (December 2024), Double Zero (April 2024), Osirium (October 2023), and SecZetta (January 2023). These strategic moves enhance SailPoint's capabilities in areas like privileged access management and identity threat detection. For an in-depth look at the company's strategic growth, consider reading about the Growth Strategy of SailPoint.

SailPoint's IPO

The recent IPO in February 2025 raised $1.38 billion and valued the company at approximately $12.8 billion. The IPO was oversubscribed by 20x, indicating strong investor interest.

Thoma Bravo's Stake

Despite the IPO, Thoma Bravo retains a significant 76% ownership stake in SailPoint. This allows Thoma Bravo to continue influencing SailPoint's strategy and acquisitions.

Financial Performance

SailPoint's ARR reached $877 million and SaaS ARR reached $540 million as of January 31, 2025. Total revenue for fiscal year 2024 was $861.61 million, up 23.16% year-over-year.

Future Outlook

For fiscal year 2026, SailPoint forecasts total ARR in the range of $1,075 million to $1,085 million and total revenue between $1,025 million and $1,035 million.

SailPoint Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔

Related Blogs