Demand for Compliance and Security Remains Strong Despite Tightened Budgets

AUSTIN, Texas, Oct. 28 /PRNewswire/ -- SailPoint today announced it recently closed the strongest quarter in the company's history, adding a record number of new Global 1000 companies to its growing customer roster. With the addition of these new customers across North America, Asia-Pacific and Europe, SailPoint has doubled its existing customer base in just three quarters. In addition, the company signed its largest enterprise customer, who will deploy SailPoint IdentityIQ(TM) to manage more than 5,000 applications and over 300,000 users.

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One of SailPoint's newest customers, BNSF Railway Company, operator of one of the largest North American rail networks, selected SailPoint IdentityIQ for enterprise role management. "By using roles to request, approve and certify user access privileges, BNSF will be able to simplify its user administration and compliance processes," said Bart Boudreaux, director, Technology Services at BNSF. "SailPoint IdentityIQ will allow us to enforce and verify role-based access across our critical enterprise applications using a streamlined, automated approach."

Demand for SailPoint's core IdentityIQ product was strong across all geographies. In fact, two top international banks in continental Europe and Australia recently selected IdentityIQ to address security and compliance requirements and streamline their user access request process. There was also significant demand for the company's 30-Day Risk Assessment offering, originally announced in July. The assessment, conducted by SailPoint's Alliance Network partners, consolidates identity data across target applications and identifies areas of risk for remediation.

"Our results show that companies around the world are still focused on reducing risks and streamlining costly IT compliance processes - in spite of the economic downturn," said Mark McClain, CEO and founder of SailPoint. "As a company, we have steadfastly focused on ensuring rapid customer success and simplifying the implementation of identity governance for our clients. Doubling our customer base with three months left in the year represents a huge validation for this market, our technology and our team."

About SailPoint

SailPoint's award-winning identity governance software, SailPoint IdentityIQ(TM), helps organizations gain control over user access to critical systems and data, streamline costly IT compliance processes and reduce the risks of fraud, corporate data loss or theft and failed audits. SailPoint's customers are Global 1000 organizations focused on compliance and risk mitigation initiatives, including 5 of the world's top 10 banks and some of the largest consumer, healthcare, insurance, manufacturing, and telecom companies. Founded in December 2005, SailPoint is based in Austin, Texas.

SailPoint, the SailPoint logo, IdentityIQ, and all techniques are trademarks or registered trademarks of SailPoint Technologies, Inc. in the U.S. and/or other countries. All other products or services are trademarks of their respective companies.

SOURCE SailPoint

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