🔥 Hot Takes Tuesday for 2025-02-04
SailPoint kicks off the 2025 SaaS IPO season—unexpected yet impressive post-acquisition turnaround!
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Two hot takes on one story that caught my eye on Tuesday.
📧 + 💰 SailPoint was not on my bingo card for opening the SaaS IPO season for 2025, but Thoma Bravo has an impressive portfolio.
Techmeme: Austin-based SailPoint, which sells identity management tools, and parent Thoma Bravo aim to raise up to $1B in SailPoint's US IPO, targeting a $11.5B valuation (Arasu Kannagi Basil/Reuters)
By Arasu Kannagi Basil / Reuters. View the full context on Techmeme.
In fact, this is arguably a pretty rapid turnaround considering all the other factors since SailPoint’s acquisition in April 2022.
SailPoint to be Acquired by Thoma Bravo for $6.9 Billion
Software investor Thoma Bravo to acquire enterprise identity security provider SailPoint (NYSE: SAIL) for $6.9 billion.
Note: Some images via Unsplash
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