💨 Abstract

SailPoint, a cybersecurity company specializing in identity and access management, announced narrower nine-month losses for its U.S. IPO, driven by increased subscription revenue. The strong demand for cybersecurity solutions amid growing online threats and digital fraud boosted the company's prospects. Thoma Bravo, a private equity firm, bought SailPoint for $6.12 billion in 2022.

Courtesy: theprint.in