AUSTIN, Texas–(BUSINESS WIRE)–SailPoint Technologies Holdings, Inc. (NYSE: SAIL), the leader in identity security for the cloud enterprise, today announced its intent to acquire Intello, an early-stage SaaS management company that helps organizations to discover, manage, and secure SaaS applications, particularly the “shadow access” that is currently outside of IT’s purview. This pairing will address a current lack of visibility into what SaaS apps exist across today’s digital business combined with the critical need to properly manage and secure access to these apps for all workers. As a result, SailPoint’s Identity Platform will give IT teams a seamless process from discovery to governance, ensuring every newly-discovered SaaS app (and data within) is protected with the right identity security controls.
“The IT landscape has changed markedly from even just a few years ago with the influx of new technologies and, more recently, the impact of the predominantly remote workforce. In their quest to work smarter and faster, workers are buying and self-provisioning unsanctioned SaaS apps at a record pace with little or no oversight by IT,” said Grady Summers, EVP Product, SailPoint. “This has led to a sharp rise in ungoverned SaaS sprawl and unprotected data that is being stored and shared within these apps. With little to no visibility into what shadow access exists within their organization, IT teams are further challenged to protect from the cyber risks that have increased over the past year.”
With Intello, SailPoint will enable organizations to shine a light on ungoverned SaaS apps that lie hidden across the business and then extend the right security controls to ensure only the right people have access to those apps. This will provide greater visibility and control over what data these SaaS apps are accessing, what information they may be importing and whether or not they are configured properly. And, when SailPoint’s artificial intelligence capabilities are combined with the detailed usage data and analytics that Intello provides, customers will begin to benefit from new types of identity security recommendations–helping them better secure their SaaS applications and improve compliance.
Summers continued, “With the rapid adoption and use of cloud technologies in the past year, we want to make it incredibly easy for customers to get their arms around the risk of SaaS app sprawl. Discovery combined with visibility are the name of the game here, and we’ll be able to deliver that to our customers with Intello. With our deep identity security knowledge and expertise combined with Intello’s expertise in SaaS app management, we believe this acquisition will allow SailPoint to fully secure and support this future world of work – enabling secure SaaS adoption at scale with identity security.”
Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.
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.
ICR for SailPoint
Brian Denyeau, 512-664-8916
Jessica Sutera, 978-278-5411