Thoma Bravo completed the acquisition of SailPoint for $6.9bn.

Thoma Bravo, a US-based private equity firm, completed the acquisition of SailPoint, an Austin Texas tech company that provides identity management and governance for unstructured data access, for $6.9bn. "Identity security is core to cyber security and businesses have realized that to fuel business growth and success, they must start with identity as the foundation for secure business transformation. We've experienced rapid growth and see a tremendous opportunity ahead of us to continue to set the pace in the identity security market as the category leader," Mark McClain, SailPoint Founder and CEO.