SailPoint Poised for Strong Growth in 2012; Announces Strategic Acquisition
Cloud Identity Business Unit Expanded with Cloudmasons Technology and Team
AUSTIN, May 22, 2012 - SailPoint, the leading provider of governance-based identity management solutions, today announced it has continued to grow at a record pace, nearly doubling its bookings in Q1 of 2012 compared to the same time last year. In the last six months, the company has added dozens of Global 1000 customers, including three of the United States' 10 largest companies. SailPoint now counts eight Fortune 20 companies and a fifth of the Forbes Global 100 companies as customers. As part of the company's accelerated investment in cloud identity solutions, SailPoint announced that in January it acquired Cloudmasons, a developer of cloud and mobile access management solutions.
"Identity management has become a key requirement for successful adoption of cloud computing. Enterprises that adopt a cloud computing strategy face more complexity and less control," said Jackie Gilbert, VP and GM of SailPoint's Cloud Identity Business Unit. "We are helping our enterprise customers achieve the security, compliance and risk management capabilities they require as they navigate the choppier waters many will encounter in the cloud."
SailPoint delivered the industry's first risk-based identity management solution, SailPoint IdentityIQ, in 2007. As the recognized leader in governance-based identity management, SailPoint has posted triple digit growth each year since. The company now has more than 150 customers spanning 25 countries and more than a dozen industries; has quadrupled its headcount to more than 200 employees; and has opened offices in Great Britain, Germany, India, Israel and the Netherlands. The Cloudmasons acquisition is the latest corporate expansion announced by SailPoint, following the 2010 acquisition of Beacon Professional Services to supplement the company's identity management consulting services, and the transition of the BMC Control-SA product line and customer base to SailPoint in early 2011.
"Today's business requirements for identity management are evolving rapidly. With cloud and mobile technologies becoming pervasive in the enterprise, those requirements continue to grow and change," said Kevin Cunningham, president of SailPoint. "SailPoint has always been focused on providing the most innovative solutions that deliver real value to our customers, and at the same time we're committed to maintaining the very high customer satisfaction levels we have today. As we continue to innovate to stay ahead of customer requirements, our Cloud Identity Business Unit and the Cloudmasons acquisition give us an additional, dedicated team to solve those emerging challenges."
Terms of the Cloudmasons deal were not disclosed. SailPoint will share more details on its cloud product strategy in the coming months.
SailPoint, a leader in identity management, helps the world's largest organizations to mitigate risk, reduce IT costs and ensure compliance. The company's award-winning software, SailPoint IdentityIQ, provides superior visibility into and control over user access to sensitive applications and data while streamlining the access request and delivery process. As the industry's first business-oriented identity governance suite, IdentityIQ quickly delivers tangible results with risk-aware compliance management, closed-loop user lifecycle management, flexible provisioning, an integrated governance model, and identity intelligence across legacy, web, and cloud-based environments. Visit www.sailpoint.com to learn more.