Mark McClain on What Thoma Bravo's Buy Means for SailPointUnder Thoma Bravo, SailPoint Expects to Work More Closely With Ping Identity
A month after his firm was taken private in a $6.9 billion deal, SailPoint founder and CEO Mark McClain discusses the prospect of consolidation with Ping Identity, emerging competition and plans to expand "more quickly and aggressively" in the identity governance space - thanks to Thoma Bravo's financial and operational backing (see: Identity Firm SailPoint to Be Bought by Thoma Bravo: $6.9B).
The Austin-based company was taken private by Thoma Bravo last month for $6.9 billion in the sixth-biggest cybersecurity acquisition of all time. Ping Identity will join SailPoint as a Thoma Bravo portfolio company in the coming months, which McClain says will open up tighter collaboration between SailPoint and Ping Identity and potentially even combine the two identity stalwarts.
"We see some ways that the market is evolving and ways in which we can go deeper and/or wider with our solution that we think will benefit our customers," McClain says. "It looks like it's going to be a great opportunity to expand our vision more quickly and more aggressively."
In this video interview with Information Security Media Group, McClain also discusses:
- The prospect of Thoma Bravo combining SailPoint and Ping Identity;
- Whether SailPoint will be more open to acquisitions under Thoma Bravo;
- What Okta's move into identity governance means for SailPoint.
McClain, an entrepreneur in the identity management market for more than 20 years, co-founded two companies that have driven innovation in the market. He has grown SailPoint into a leader in identity governance around the world and drives the company's overall vision and strategy and fosters relationships with customers, partners and investors. McClain previously founded and led Waveset, an identity management firm that quickly grew from small startup to industry leader before it was acquired by Sun Microsystems in 2003 for $150 million. After the sale, McClain served as Sun's senior vice president of software marketing for 19 months.