SailPoint's IPOs to Challenge Okta and IBM in Identity Management
Big congratulations to my friend and fellow founder Mark McClain at Sailpoint! SailPoint, an Austin-based, identity management company had it's IPO on Friday. Their stock closed nearly 20% higher than it opened - giving the company a valuation over $1 billion. In the wake of security breaches like Equifax, SailPoint certainly chose the right time to go public - where all eyes were already turned towards cyber security. It's a good win for a mature SaaS industry - and Austin's tech-scene as a whole. I'm sure the entire team at SailPoint is going to have plenty to be thankful for this Thanksgiving.
On that note, have a great week and for our American readers, a great Thanksgiving!