SailPoint Technologies raises financing from 15 investors

Dec 31, 2014
Austin Business Journal

SailPoint Technologies Holdings Inc., an Austin software maker, has reported receiving a $247,902 financing

The Austin-based company collected the capital from 15 investors, according to a Tuesday filing with the U.S. Securities and Exchange Commission

The financing comes four months after SailPoint Technologies Inc. agreed to sell a majority ownership stake to Chicago-based investment firm Thoma Bravo LLC. Financial terms of the deal were not disclosed

SailPoint Technologies, which was founded in 2005, develops identity management software. It employs more than 300 workers and claims customers in 26 countries. The company operates offices in 10 countries, including England, Germany, India, Israel and the Netherlands

In November 2013, SailPoint reported receiving a $4.8 million of a planned $5 million financing from seven investors, according to an SEC filing

The company competes with bigger rivals such as IBM Corp. and California-based Oracle Corp., as well as New York-based CA Inc. and Boston-based Aveksa Inc., which also launched in 2005

SailPoint Technologies has grown through a series of acquisitions coupled with organic growth. In 2012, it disclosed the purchase of Austin-based Cloudmasons Inc. for an undisclosed amount. In 2010, it acquired consultant firm Beacon Professional Services Inc., an 11-person, Austin-based company founded in 2007

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