AUSTIN, February 17, 2016 – SailPoint, the leader in identity and access management (IAM), today announced that it had achieved more than $100 million in revenue in 2015, maintaining the company’s track record of profitability with an average of 40% bookings growth over the last four years. These results were driven by SailPoint’s flagship IAM solution, IdentityIQ, which was purchased by more than 125 of the world’s largest organizations in 2015 alone. SailPoint’s cloud-based IAM solution, IdentityNow, also gained significant market share increasing its growth rate by 3x over 2014. Customer success continues to be a hallmark of SailPoint’s value proposition, as demonstrated by its outstanding track record on client satisfaction and retention above 95%.
Today, hundreds of the world’s largest organizations are SailPoint customers, supported by nearly 550 employees in 20 countries. SailPoint also boasts the industry’s most robust partner ecosystem, with more than 150 partners and 3,000 trained SailPoint experts. The company, which celebrated its 10th anniversary in December 2015, was named to Deloitte’s Technology Fast 500™ for the third consecutive year, and honored as Frost & Sullivan’s “Global Identity and Access Management Entrepreneurial Company of the Year.” Also in 2015, cofounders Mark McClain and Kevin Cunningham were named Ernst & Young “Entrepreneurs of the Year” for the Central Texas region.
“As SailPoint celebrated its 10th anniversary and crossed the $100 million annual revenue mark, we reflected back to the company’s original goals in 2005,” said Mark McClain, SailPoint’s CEO. “SailPoint pioneered the identity governance market and built a global business that allows us to invest in our people and technology, all while staying laser focused on the success of our customers. We achieved these goals by utilizing minimal investment during our early years, and stayed committed to our vision of a profitable, self-sustaining company. The entire team is proud of this accomplishment, and working hard to establish SailPoint as ‘The Enterprise Identity Company.’”
Across its 10 year history, SailPoint has a proven track record of driving innovation in the market, pioneering identity governance, revolutionizing provisioning and ultimately, delivering the industry’s first enterprise-grade IAM solution delivered from the cloud. As a proof point of SailPoint’s success, the company has consistently been named a Leader in Gartner’s “Magic Quadrant for Identity Governance and Administration (IGA),” among other industry accolades. In 2015, SailPoint continued driving innovation in the market by delivering:
- IdentityIQ 7.0, the industry’s first open IAM platform that delivers unmatched integration with the broader operational and IT security infrastructure;
- A business-ready, mobile-first user experience within all products that delivers a consistent and unified user experience across all desktops, tablets and smartphones;
- “Identity Cubes” technology into IdentityNow to provide a holistic view of all user access across cloud and on-premise applications;
- SecurityIQ, which extended SailPoint’s governance-based approach to unstructured data, allowing SailPoint’s IAM solutions to manage all users, all apps and all data; and
- The Identity+ Alliance to accelerate and enhance integration with operational and security infrastructures.
“Data breaches are keeping executives up at night and have become a board-level issue, which is accelerating the market adoption of identity governance solutions,” said Kevin Cunningham, SailPoint’s president and cofounder. “Global organizations understand the need to manage and secure their identity data, but they’re struggling to gain and maintain control over an increasingly hybrid IT environment. This is further complicated by the trend of business managers procuring and deploying applications outside of IT’s purview. Only SailPoint has the breadth and depth of expertise required to deliver solutions and enable organizations to effectively regain control of their users, applications and data.”
As the leader in identity and access management (IAM), SailPoint helps hundreds of global organizations securely and effectively deliver and manage user access from any device to data and applications residing in the datacenter, on mobile devices, and in the cloud. The company’s innovative product portfolio offers customers an integrated set of core services including identity governance, provisioning, and access management delivered on-premises or from the cloud (IAM-as-a-service).