SailPoint Closes Acquisition of Intello
23 February 2021 - 8:30AM
Business Wire
SailPoint Technologies Holdings, Inc. (NYSE: SAIL), the leader
in identity security for the cloud enterprise, today announced the
completion of its acquisition of Intello, an early-stage SaaS
management company that helps organizations discover, manage, and
secure SaaS applications. With this acquisition, SailPoint
customers will soon have deeper visibility and a broader
understanding of the full scope of their ungoverned SaaS
applications, helping them to drive a seamless process from
discovery to governance across the entirety of their SaaS app
landscape.
“We are thrilled to welcome the Intello team to SailPoint – they
bring a strong and innovative leadership team and SaaS management
expertise that will help us deliver quick value to customers,” said
Grady Summers, EVP Product, SailPoint. “Their view of SaaS
management is through the lens of security, which tightly aligns
with our identity security vision and approach at SailPoint. I’m
looking forward to working with the new team to address the growing
challenge of seeing, understanding, and securing access to SaaS
apps across the workforce for our customers.”
With the acquisition of Intello, SailPoint’s customers will be
able to quickly wrap the right identity security controls around
every newly-discovered SaaS app (and data within) – helping them to
shut down shadow IT across the business. This acquisition also
provides companies with new types of identity security
recommendations. The detailed usage data and analytics that the
Intello technology provides combined with SailPoint’s artificial
intelligence capabilities will give enterprises a new level of
insight needed to better secure their SaaS applications and improve
compliance.
"All of us at Intello are thrilled to join SailPoint,” said
Barak Kaufman, CEO and co-founder, Intello. “As part of the
SailPoint crew, we’ll help to build the future of identity
security, combining Intello’s SaaS discovery and insights with
SailPoint’s leading identity security platform. SailPoint is
shaping the future of IT and identity security, and I look forward
to the accelerated momentum in the weeks and months ahead."
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the federal securities laws, including regarding our
strategy, integration of the acquisition, future operations,
prospects, plans and objectives of management. In some cases, you
can identify forward-looking statements because they contain words
such as “may,” “will,” “will be,” “will likely result,” “should,”
“expects,” “plans,” “anticipates,” “could,” “would,” “foresees,”
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our expectations, strategy, plans or intentions. These statements
are based on management’s current expectations, assumptions and
beliefs concerning future developments and their potential effect
on us, which are inherently subject to uncertainties, risks and
changes in circumstances that are difficult to predict. Our
expectations expressed or implied in these forward-looking
statements may not turn out to be correct. Important factors, some
of which are beyond our control, that could cause actual results to
differ materially from our historical results or those expressed or
implied by these forward-looking statements include the following:
the scope, duration and severity of the novel coronavirus disease
(“COVID-19”) global pandemic and its effect on the global economy
and on our business; our ability to achieve and sustain
profitability; our ability to sustain historical growth rates; our
ability to attract and retain customers and to deepen our
relationships with existing customers; an increased focus in our
business from selling licenses to selling subscriptions; breaches
in our security, cyber-attacks or other cyber-risks; interruptions
with the delivery of our SaaS solutions or third-party cloud-based
systems that we use in our operations; our ability to compete
successfully against current and future competitors; the length and
unpredictable nature of our sales cycle; delayed effects on our
operating results from ratably recognizing some of our revenue;
fluctuations in our quarterly results; our ability to maintain
successful relationships with our channel partners; the increasing
complexity of our operations; real or perceived errors, failures or
disruptions in our platform or solutions; our ability to adapt and
respond to rapidly changing technology, industry standards,
regulations or customer needs, requirements or preferences; our
ability to comply with our privacy policy or related legal or
regulatory requirements; our ability to successfully identify,
acquire and integrate companies and assets; our ability to maintain
high-quality customer satisfaction; and our ability to maintain and
enhance our brand or reputation as an industry leader. These and
other important risk factors could cause actual results to vary
from expectations and are described more fully in our reports and
other documents filed with the Securities and Exchange Commission
(“the SEC”), including the detailed factors discussed under “Part
I, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2020, which was filed with the SEC on
February 26 2021. Moreover, we operate in a very competitive and
rapidly changing environment. New risks and uncertainties emerge
from time to time and it is not possible for us to predict all
risks and uncertainties that could have an impact on the
forward-looking statements contained in this press release. We
cannot assure you that the events and circumstances reflected in
the forward-looking statements will be achieved or occur, and
actual results, events or circumstances could differ materially
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undertake no obligation to update or revise publicly any
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future events, or otherwise.
About SailPoint
SailPoint is the leader in identity security for the cloud
enterprise. We’re committed to protecting businesses from the
inherent risk that comes with providing technology access across
today’s diverse and remote workforce. Our identity security
solutions secure and enable thousands of companies worldwide,
giving our customers unmatched visibility into the entirety of
their digital workforce, and ensuring that each worker has the
right access to do their job – no more, no less. With SailPoint as
foundational to the security of their business, our customers can
provision access with confidence, protect business assets at scale
and ensure compliance with certainty.
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version on businesswire.com: https://www.businesswire.com/news/home/20210222005867/en/
Investor Relations ICR for SailPoint Brian Denyeau,
512-664-8916 investor@sailpoint.com
Media Inquiries: Jessica Sutera, 978-278-5411
Jessica.Sutera@sailpoint.com
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