AUSTIN, Texas–(BUSINESS WIRE)–SailPoint Technologies Holdings, Inc. (NYSE: SAIL) (“SailPoint”), the leader in enterprise identity security, today announced that its shareholders have voted to approve the pending acquisition of SailPoint by Thoma Bravo, a leading software investment firm, at SailPoint’s special meeting of shareholders held earlier today.

The final voting results on the proposals voted on at the special meeting will be reported in a Form 8-K filed by SailPoint with the United States Securities and Exchange Commission, upon certification by SailPoint’s Inspector of Elections.

As previously announced, under the terms of the merger agreement, SailPoint shareholders will receive $65.25 in cash for each share of SailPoint common stock they hold. The transaction is currently expected to close in the second half of 2022, subject to customary closing conditions, including receipt of regulatory approvals. Once the transaction is complete, SailPoint’s shares will no longer trade on the NYSE and SailPoint will become a private company.

About Thomas Bravo

Thoma Bravo is one of the world’s largest private equity firms, with over $114 billion in assets under management as of March 31, 2022. The firm invests in innovative, growth-oriented companies operating in the industries software and technology. Leveraging the firm’s deep industry expertise and proven strategic and operational capabilities, Thoma Bravo works with its portfolio companies to implement operating best practices, drive growth initiatives and execute acquisitions. accretive investments intended to accelerate revenues and profits. Over the past 20 years, the company has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. The company has offices in Chicago, Miami and San Francisco. For more information, visit www.thomabravo.com.

About Sail Point

SailPoint is the leading identity security provider for the modern enterprise. Enterprise security begins and ends with identities and their access, but the ability to manage and secure identities today far exceeds human capabilities. Harnessing the power of our deep expertise combined with machine learning, the SailPoint Identity Security Platform delivers the right level of access to the right identities and resources at the right time, matching scale, speed and environmental needs of today’s cloud-centric enterprise. SailPoint’s intelligent, self-contained, and integrated solutions put identity security at the heart of digital business operations, enabling even the most complex organizations around the world to build a security foundation that can defend against the most pressing threats. of today. More information is available at www.sailpoint.com.

Caution Regarding Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on SailPoint’s current expectations, estimates and projections regarding the expected closing date of the proposed transaction and the potential benefits thereof, its business and industry, management’s beliefs and certain assumptions made by SailPoint and Thoma Bravo, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “could”, “seek”, “see”, “should”, “may”, “should”, “could”, “potentially”, “estimate”, “continue”, “expect”, “target ‘, similar expressions or the negatives of these words or other comparable terms which convey the uncertainty of future events or results. All forward-looking statements, by their nature, address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the completion of the proposed transaction. and the expected benefits thereof. These and other forward-looking statements, including the failure to complete the proposed transaction or to make or take any deposit or other action necessary to complete the transaction in a timely manner or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in the forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, accordingly, you should not place undue reliance on such statements and should exercise caution when you rely on forward-looking statements. Important risk factors that could cause such a difference include, but are not limited to: (i) the completion of the proposed transaction on the terms and on the expected schedule, including obtaining regulatory approvals, tax treatment expected, unforeseen liabilities, future capital expenditures, revenues, expenses, profits, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management for the management, expansion and growth of SailPoint’s business and other conditions to the completion of the transaction; (ii) the impact of the COVID-19 pandemic on SailPoint’s business and general economic conditions; (iii) SailPoint’s ability to implement its business strategy; (iv) significant transaction costs associated with the proposed transaction; (v) potential litigation related to the proposed transaction; (vi) the risk that disruptions to the proposed transaction will adversely affect SailPoint’s business, including ongoing plans and operations; (vii) SailPoint’s ability to retain and hire key personnel; (viii) any adverse reactions or changes in business relationships resulting from the announcement or completion of the proposed transaction; (ix) legislative, regulatory and economic developments affecting SailPoint’s business; (x) general economic and market developments and conditions; (xi) changes in the legal, regulatory and tax regimes under which SailPoint operates; (xii) potential business uncertainty, including changes to existing business relationships, during the term of the merger, which could affect SailPoint’s financial performance; (xiii) restrictions during the term of the proposed transaction that could impact SailPoint’s ability to pursue certain business opportunities or strategic transactions; and (xiv) the unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or the outbreak of war or hostilities, as well as SailPoint’s response to any of the aforementioned factors. These risks, as well as other risks associated with the proposed transaction, are discussed in more detail in the definitive proxy statement filed with the SEC in connection with the proposed transaction. Although the list of factors set forth herein and the list of factors set forth in the definitive proxy statement are believed to be representative, neither list should be taken as a complete statement of all potential risks and uncertainties. Factors not listed may present additional significant impediments to making forward-looking statements. The consequences of material differences in results from those anticipated in the forward-looking statements could include, among others, business interruption, operational problems, financial loss, legal liability to third parties and similar risks, each of which may have a material adverse effect on the financial condition, results of operations or liquidity of SailPoint. SailPoint undertakes no obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, if circumstances change, except as securities laws and other applicable laws require it.