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New Deal


Announced

Completed

SailPoint Technologies completed the acquisition of Orkus and OverWatchID for $37m.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Single Bidder

cloud solutions

Acquisition

Completed

United States

Digital Services

Friendly

Domestic

Synopsis

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SailPoint Technologies, a provider of enterprise identity governance, completed the acquisition of Orkus and OverWatchID, two technology companies, for $37m. "With these acquisitions, SailPoint is once again driving the evolution of identity governance to keep pace with the speed of business. By deepening the governance of cloud infrastructures, we are expanding the definition and scope of what an identity governance platform should be capable of managing. SailPoint Predictive Identity is the comprehensive next generation cloud identity platform that organizations require today," Paul Trulove, SailPoint Chief Product Officer.

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