ZMI ALPHA:SailPoint Closes Acquisition of ERP Maestro

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ZMI ALPHA:SailPoint Closes Acquisition of ERP Maestro

AUSTIN, Texas–()–SailPoint Technologies Holdings, Inc. (NYSE: SAIL), the leader in identity security for the cloud enterprise, today announced the completion of its acquisition of ERP Maestro, an early stage SaaS governance, risk and compliance (GRC) solution. With this acquisition, SailPoint unites identity security with separation of duties (SoD) access controls monitoring for an organization’s most critical applications, like SAP. This integrated approach addresses the growing risk of over-permissioned, excessive or conflicting access to business-critical systems and the sensitive financial, business and operational data within.

“ERP Maestro brings an experienced team with a rich heritage in ERP-focused audit and compliance, coupled with a SaaS access control solution that will help us to extend identity security to wrap in SoD monitoring and access controls for our customers’ most critical systems, including SAP and others,” said Grady Summers, SailPoint’s EVP of Products. “Tapping their deep domain expertise combined with our comprehensive approach to managing and securing workforce access across all critical business systems and applications made for a natural pairing and we’re excited to deliver quick value to our customers in the months ahead.”

Once ERP Maestro is integrated into SailPoint’s Identity Platform, customers will be able to provide stronger access security controls and audit for SAP and other business-critical systems. This will help organizations to minimize risk by analyzing logical access and checking for potential SoD conflicts before user access is granted. This integrated approach will give SailPoint customers a single view into the entirety of a workers’ access needs across all applications and data, helping to quickly spot and stop potentially conflicting access, particularly within these high-value business systems.

“Our cloud-first approach to GRC and access controls was a paradigm shift when first introduced to the market. Now it is the expectation. We are pleased and proud to become a part of the SailPoint brand, a company that shares that same vision,” said Jody Paterson, founder and chairman of ERP Maestro. “The value of having our GRC and access control suite integrated with identity security from a single vendor will make monitoring and preventing risks even more comprehensive and efficient.”

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including regarding our strategy, integration of the acquisition, future operations, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “will be,” “will likely result,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These statements are based on management’s current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: the scope, duration and severity of the novel coronavirus disease (“COVID-19”) global pandemic and its effect on the global economy and on our business; our ability to achieve and sustain profitability; our ability to sustain historical growth rates; our ability to attract and retain customers and to deepen our relationships with existing customers; an increased focus in our business from selling licenses to selling subscriptions; breaches in our security, cyber-attacks or other cyber-risks; interruptions with the delivery of our SaaS solutions or third-party cloud-based systems that we use in our operations; our ability to compete successfully against current and future competitors; the length and unpredictable nature of our sales cycle; delayed effects on our operating results from ratably recognizing some of our revenue; fluctuations in our quarterly results; our ability to maintain successful relationships with our channel partners; the increasing complexity of our operations; real or perceived errors, failures or disruptions in our platform or solutions; our ability to adapt and respond to rapidly changing technology, industry standards, regulations or customer needs, requirements or preferences; our ability to comply with our privacy policy or related legal or regulatory requirements; our ability to successfully identify, acquire and integrate companies and assets; our ability to maintain high-quality customer satisfaction; and our ability to maintain and enhance our brand or reputation as an industry leader. These and other important risk factors could cause actual results to vary from expectations and are described more fully in our reports and other documents filed with the Securities and Exchange Commission (“the SEC”), including the detailed factors discussed under “Part I, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the SEC on February 26 2021. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. We cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements.

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.

About SailPoint

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.

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