Thoma Bravo to Buy Sailpoint for $6.9 Billion (Correct)

Investment firm Thoma Bravo has agreed to acquire cyber security company Sailpoint Technologies Holdings Inc. for $6.9 billion, according to a statement Monday.

Thoma Bravo is paying $65.25 per share in cash for the Austin-based company, which represents a 48% premium to the company’s 90-day, volume-weighted average price, the statement showed.

The deal includes a so-called go-shop period that will let Sailpoint solicit other offers through the end of May 16.

“Sailpoint is ideally positioned to capitalize on the large and growing demand from modern enterprises for robust identity security solutions that secure their business and reduce risk,” Seth Boro, ...