SailPoint Technologies Holdings, Inc. (NASDAQ: SAIL) is the market leader in identity governance and administration (IGA). After being taken private by Thoma Bravo for $6.9 billion in 2022, SailPoint returned to the public markets in February 2025 at a valuation of approximately $12.8 billion, nearly doubling its take-private price and signaling strong demand for identity security.

Platform

SailPoint Atlas is the SaaS identity security platform built on a unified data model and AI-driven automation. It handles identity governance through automated access certification, policy enforcement, and segregation of duties (SoD) controls. Access request management enables self-service workflows with automated provisioning and approval. Lifecycle management automates joiner-mover-leaver processes that grant, modify, and revoke access as employee roles change. Password management provides self-service password reset and synchronization across connected systems. AI-driven recommendations use machine learning to suggest access decisions, identify outliers, and detect risky access patterns.

IdentityIQ is the on-premises identity governance platform for organizations that require local deployment. It remains widely deployed in financial services, government, and healthcare.

SailPoint has also expanded into machine identity governance, managing API keys, service accounts, and bot credentials alongside human identities.

Financials

FY2025 revenue reached $862 million with 23% year-over-year growth. Subscription ARR hit $877 million with 29% YoY growth, while SaaS ARR specifically reached $540 million with 39% growth. The company serves more than 2,000 enterprises globally.

Industry Standing

SailPoint is a Leader in the Gartner Magic Quadrant for Identity Governance and Administration, competing primarily with Saviynt, One Identity, and Omada. The company’s strength is deep governance for large, complex enterprises with thousands of applications and millions of identities.

Leadership

Mark McClain is Co-Founder and CEO. Matt Mills serves as President and COO.