Sailpoint Doubles Customer Base

SailPoint today announced it more than doubled its installed customer base during 2008, adding prestigious Global 1000 companies including five of the world’s top 10 banks, and some of the world’s largest insurance, healthcare provider, manufacturing and telecommunications companies. Coupled with a $6.5 million Series C funding, the company is poised for continued growth and international expansion in 2009.

“2008 was an incredible year for SailPoint. We delivered an award-winning product, expanded internationally and gained significant market share,” said Kevin Cunningham, SailPoint’s president and cofounder. “Identity governance is critical in a climate of economic turmoil and elevated corporate risk. Companies have real pain and need immediate relief. Our focus for 2009 continues to be on solving customer challenges and delivering tangible results within weeks, not years.”

Customers are seeing immediate ROI from deploying SailPoint’s IdentityIQ. SailPoint’s customers on average have greater than 10,000 employees – many with well over 50,000 employees – and hundreds of compliance-critical applications. SailPoint currently has nearly 40 million total accounts under management, providing customers with ongoing oversight to monitor and control user access across enterprise-wide systems and applications.

SailPoint was also named as one of the Best Companies to Work for in Texas 2009. The award is a project of TEXAS MONTHLY, the Texas Association of Business, the Texas State Council of the Society for Human Resource Management, and the Best Companies Group. Also in 2008, SailPoint was named a Gartner Inc. “Cool Vendor” in identity and access management, a finalist for “Best Innovation in Identity Management” by Europe’s Kuppinger Cole, and received Frost & Sullivan’s 2008 North American Identity Management Technology Innovation of the Year award.

Posted by Bryan Menell http://austinstartup.com Bryan is the founder and Editorial Director of AustinStartup.com, which launched in 2005 by Bryan Menell. He is currently the Collaboratory Director at Dachis Group. Bryan advises a handful of early stage companies and is a Managing Director of Capital Factory. To read more posts click here.