Thoma Bravo's Behind the Deal

Revisiting How Thoma Bravo Took Sailpoint Public and Then Private Again

Mar 28, 2024

Thoma Bravo's Managing Partner, Seth Boro, discusses the journey of SailPoint from IPO to private acquisition. Topics include identity security, private equity partnerships, and the unique experience of transitioning from public to private ownership.

30:16

Episode guests

Seth Boro

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Thoma Bravo's first IPO of a portfolio company showcased their interest in high-growth firms with innovative solutions in enterprise identity management.

SailPoint's successful transition to a cloud-first approach aligned with market trends and led to profitable growth post IPO.

Deep dives

Mark McLean Founded SalePoint and Their Success in Enterprise Identity Management

Mark McLean, co-founder and CEO of SalePoint, discusses the company's journey in enterprise identity management. With over 17 years in the industry, SalePoint focuses on managing employee identities within organizations. They highlight the significance of proper identity management in preventing security breaches, referencing a case where a rogue trader exploited access privileges to cause significant financial losses.

Introduction

5min

The Journey of SailPoint and the Importance of Enterprise Identity Management

6min

Private Equity Firm's Interest in High Growth Startup

7min

Navigating the Competitive Bidding Process

6min

Reconnecting for Future Growth and Innovation in Market Trends

6min

SailPoint Co-Founder and CEO Mark McClain speaks with Thoma Bravo Managing Partner Seth Boro about forging a relationship that led to Thoma Bravo’s first ever IPO of a portfolio company, and then a second acquisition of SailPoint just a few years later. The conversation covers the cutting edge work SailPoint is doing in identity security, as well as the inside experience of partnering with a Private Equity firm. Behind the Deal is rereleasing this favorite from the archives alongside a brand new episode of Beyond the Deal next week with Mark, Seth, and SailPoint’s President of Worldwide Field Operations Matt Mills.

For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal

Learn more about Thoma Bravo: https://www.thomabravo.com/

Visit SailPoint’s website: https://www.sailpoint.com/

To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy

Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Thoma Bravo's Behind the Deal

Revisiting How Thoma Bravo Took Sailpoint Public and Then Private Again

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Mark McLean Founded SalePoint and Their Success in Enterprise Identity Management

Toma Bravo's Strategic Investment in SalePoint

SalePoint's Transition to Cloud and Public Offering

Renewed Partnership and Future Prospects with Toma Bravo

Remember Everything You Learn from Podcasts