Latest news with #SailPoint
Associated Press
2 days ago
- Business
- Associated Press
SailPoint's Fast-Growing Machine Identity Security Is Changing How Businesses Manage and Secure Machine Identities
AUSTIN, Texas--(BUSINESS WIRE)--Jun 30, 2025-- SailPoint, Inc., (Nasdaq: SAIL), a leader in unified identity security for enterprises, today highlighted the exceptional growth of its Machine Identity Security solution. Since its launch last fall, SailPoint Machine Identity Security has been the company's fastest-growing product, reflecting urgent market demand for comprehensive machine identity lifecycle management. SailPoint's unified platform enables customers to manage both human and machine identities in one system, improving visibility and closing critical security gaps. Machine identities have surged in volume across modern enterprises, often outpacing human identities by a significant margin. According to the SailPoint-commissioned ' Machine Identity Crisis: the challenges of manual processes and hidden risks ' report, nearly 70% of today's companies surveyed said they now manage more machine identities than human ones. Additionally, according to this research, machine identity volume is projected to grow by roughly 30% over the next 3-5 years. Yet many organizations struggle to identify and govern these identities effectively, as they often remain hidden deep within directories like Active Directory (AD) or Entra and are frequently overlooked in security strategies. SailPoint Machine Identity Security addresses these challenges head-on. Unlike traditional tools that focus narrowly on certificates and secrets, SailPoint's unique approach centers on discovering and governing the identities behind those credentials—including bots, service accounts, RPAs, and APIs—bringing visibility and control where it's needed most. This grants businesses the oversight and accountability they need to eliminate machine identities that lack visibility, ownership, or governance. SailPoint customers comment on the importance of Machine Identity Security: 'Managing machine identities used to be a fragmented, resource-intensive process. With SailPoint's Machine Identity Security, we've consolidated oversight into one unified platform, giving us real-time visibility and governance over thousands of service accounts, bots, and automation tools,' said Shawn Marks, VP, Information Security. 'What used to be hidden is now visible, accountable, and compliant—without slowing down innovation or operations.' 'As our organization continues to scale, the number of machine identities—like service accounts, bots, and APIs—has grown rapidly,' said Michele Anne Schroeder, IAM Manager, PACCAR. 'Without proper oversight, they can become blind spots, potentially disrupting critical processes. To support our digital initiatives and ensure operational continuity, securing and managing machine identities has become a top priority.' 'Utilizing SailPoint MIS enables our organization to achieve machine identity visibility, control, and compliance with the same rigor as our human identities undergo. This will significantly reduce potential attack vectors while strengthening our security posture,' said Thomas Zuliani, Global CISO, Arla Foods and Hardeep Singh Sidhu, Senior Architect IAM, Arla Foods. Despite the rapid growth in machine identities, SailPoint believes most organizations remain unprepared to manage the associated risks. According to a recent SailPoint-conducted survey of IT and security professionals, 60% of organizations surveyed say machine identities pose a greater security risk than human identities. In fact, 57% of organizations surveyed have already experienced inappropriate access granted to a machine identity – highlighting that the risk is no longer theoretical, but a current and pressing challenge. Yet, many companies continue to retain unnecessary and potentially dangerous accounts: 72% of those surveyed intentionally keep dormant machine identities, and 88% admit they are afraid to delete them for fear of breaking something. Nearly 66% of companies surveyed still rely on cumbersome manual processes, while only 38% say they have real-time visibility into active machine identities. Additionally, 72% acknowledge that they find machine identities more difficult to manage than human identities. This underscores the growing need for a more streamlined, automated approach to identity security. SailPoint Machine Identity Security allows enterprises to apply the same degree of visibility, governance and control over their machine identities as they would their human identities. It features a powerful discovery engine designed to surface machine accounts hidden across the enterprise. By connecting enterprise systems like Active Directory and Entra, the solution can scan for accounts that are often overlooked—such as those tied to automated services and applications—bringing them into view. Once discovered, these accounts can be classified by type, assigned to appropriate owners, and brought under governance. AI agents—identities capable of initiating actions or decisions independently—are governed separately under SailPoint's Agent Identity Security solution, launching at Navigate 2025. With SailPoint, organizations can manage all identities—human and machine—in a unified platform. This includes applying access policies, enforcing least privilege, and regularly certifying accounts to ensure they remain compliant and secure. The result is a comprehensive and scalable approach to identity security that reduces blind spots without adding complexity. 'The rapid growth of SailPoint Machine Identity Security shows that businesses are moving away from fragmented, siloed identity offerings,' said Chandra Gnanasambandam, EVP of Product and CTO at SailPoint. 'Customers want simplicity, security, and a unified way to govern all identities—whether they are human, machine, third-party or AI agents. That's exactly what SailPoint delivers. We've spent years building a platform that brings all identities under a single control plane. With SailPoint Machine Identity Security, organizations can now discover, secure, and certify every machine identity just as seamlessly as they do with human identities.' SailPoint Machine Identity Security also helps address some of the compliance demands of today's enterprises, with both FedRAMP and GovRAMP certifications. This helps users remain aligned with certain security and privacy frameworks mandated by federal, state, and local governments. With this proactive approach to compliance paired with comprehensive coverage of both human and machine identities, it comes as little surprise that SailPoint Machine Identity continues to be the company's fastest-growing product. To see how SailPoint can help you govern machine identities at scale, visit: About SailPoint At SailPoint (Nasdaq: SAIL), we believe enterprise security must start with identity at the foundation. Today's enterprise runs on a diverse workforce of not just human but also digital identities—and securing them all is critical. Through the lens of identity, SailPoint empowers organizations to seamlessly manage and secure access to applications and data at speed and scale. Our unified, intelligent, and extensible platform delivers identity-first security, helping enterprises defend against dynamic threats while driving productivity and transformation. Trusted by many of the world's most complex organizations, SailPoint secures the modern enterprise. View source version on CONTACT: Media Relations for SailPoint Samantha Person Senior Manager, PR & Corporate Communications 512-923-4053 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY TECHNOLOGY SOFTWARE NETWORKS ARTIFICIAL INTELLIGENCE INTERNET SOURCE: SailPoint, Inc. Copyright Business Wire 2025. PUB: 06/30/2025 09:00 AM/DISC: 06/30/2025 09:01 AM
Yahoo
5 days ago
- Business
- Yahoo
BMO Raises SailPoint (SAIL) Price Target, Maintains Outperform Rating
SailPoint, Inc.(NASDAQ:SAIL) is one of . BMO Capital has raised its price target on SailPoint, Inc.(NASDAQ:SAIL) to $27 from $26, maintaining an Outperform rating following the company's stronger-than-expected first-quarter results. The firm noted that SailPoint delivered upside across all key top-line metrics, reflecting solid execution and continued demand for its identity security solutions. Despite the beat, management raised its full-year 2026 annual recurring revenue (ARR) guidance by a slightly smaller margin than the quarterly outperformance. A cybersecurity expert monitoring the security of the company's assets, emphasizing the importance of data protection. Still, BMO views the updated outlook as a sign of confidence and disciplined forecasting. The firm emphasized that SailPoint remains well-positioned to capture long-term growth, particularly as enterprises expand their digital environments and adopt more complex identity frameworks. A growing area of interest, according to BMO, is SailPoint's role in addressing security for machine identities and AI-driven agents—a trend expected to gain momentum in coming years. As businesses deploy artificial intelligence to automate processes, the need to secure non-human access points will become critical. SailPoint's platform, which already supports complex identity governance at scale, is considered one of the few capable of meeting this evolving demand. BMO's upward price target revision reflects its view that SailPoint, Inc.(NASDAQ:SAIL) is emerging as a key player in the future of identity security. With strong fundamentals and a clear strategic roadmap, the firm believes SailPoint is well situated to benefit from increased enterprise focus on secure, intelligent access control. While we acknowledge the potential of SAIL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAIL and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and . Disclosure: None.
Yahoo
23-06-2025
- Business
- Yahoo
Okta's Security Portfolio Expands Clientele: A Sign of More Upside?
Okta OKTA is benefiting from its innovative portfolio that is driving clientele. In the first quarter of fiscal 2026, it reported strong momentum among large-cap customers, including Global 2000 companies and government agencies. These large organizations are shaping Okta's product roadmap, pushing the company to deliver advanced identity solutions across workforce, customer and AI-driven use more than $1 million annual contract value (ACV) customer base grew 20% year over year, a strong sign of enterprise adoption. Companies from critical sectors like energy, telecom and insurance are turning to Okta not only for employee identity security but also for securing APIs and machine-to-machine interactions. In response, the company has introduced solutions such as Identity Governance (OIG), Identity Threat Protection (ITP) and Privileged Access (OPA) to meet the complex demands of these sector momentum further underscores this enterprise-led growth. In the first quarter of fiscal 2026, four of Okta's top 10 deals came from U.S. government entities. These clients are leveraging the company's FedRAMP-compliant cloud solutions for secure authentication, lifecycle management and automated Okta's Customer Identity Cloud (Auth0) is gaining ground in large-scale deployments. A Global 2000 energy company implemented Auth0 across all customer-facing apps, while a major tech reseller switched from Microsoft to Auth0 to boost scalability and developer experience. These moves highlight trust in Okta's ability to deliver secure, seamless and scalable identity experiences for millions of users. CyberArk Software CYBR, a leader in privileged access management, is frequently compared to Okta for its robust identity security and strong margins. CyberArk's advantage is its comprehensive identity security platform, which has now been further enhanced through acquisitions such as Venafy and Zilla Security. By managing both human and machine identities, the company keeps pace with the growing demand. Its growing customer base helps CyberArk grow revenues through strategic upselling of its integrated security SAIL has established itself as a leader in Identity Governance & Administration, posing direct competition to Okta. SailPoint's strong Identity Security Cloud, supported by an extensive partner ecosystem, delivers seamless integration across hybrid environments. With low-code/no-code workflows and AI-driven access recommendations, SailPoint stands out for managing complex enterprise identities with precision and scalability. Shares of Okta have appreciated 26.1% year to date compared with the Zacks Security industry's return of 20.2%. Image Source: Zacks Investment Research Okta currently trades at a premium with a forward price/cash flow ratio of 23.41, higher than the broader Zacks Computer & Technology sector's 20.12X. OKTA has a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for OKTA's 2026 revenues is pegged at $2.86 billion, indicating 9.44% year-over-year growth. The consensus mark for earnings is pegged at $3.28 per share, which increased 2.8% over the past 30 days. The earnings figure suggests 16.73% growth over the figure reported in fiscal 2025. Image Source: Zacks Investment Research OKTA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Okta, Inc. (OKTA) : Free Stock Analysis Report SailPoint, Inc. (SAIL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
16-06-2025
- Business
- Business Wire
New SailPoint and Deloitte Collaboration Helps Secure the Future of Identity Security with AI Agent Management
AUSTIN, Texas & NEW YORK--(BUSINESS WIRE)--SailPoint, Inc. (Nasdaq: SAIL) and Deloitte today announced an expansion of their alliance to help advance enterprise identity security in the age of agentic AI. The collaboration is designed to help customers address two emerging areas: first, the critical need to secure and govern AI agents; and second, the need for insights and contextual support to help identity teams to achieve precise decision-making, information discovery, and task completion. Securing the agentic workforce As enterprises prepare for the Generative AI-enabled enterprise where AI agents will become central to how day-to-day tasks are completed, organizations need to defend against emerging threats as attack surfaces widen. To enhance the security and governance of the increasing use of AI agents within enterprises, SailPoint and Deloitte have collaborated to integrate SailPoint's AI-powered identity security platform and upcoming Agent Identity Security solution with Deloitte's Cybersecurity for AI and GenAI governance framework. This collaboration aims to create a broad toolset and methodology designed to help organizations secure AI agents. "As AI agents become increasingly autonomous and integral to business operations, organizations face unprecedented security challenges," said Matt Mills, President of SailPoint. "Our alliance with Deloitte combines our industry-leading identity security platform with their renowned implementation excellence, enabling customers to accelerate time-to-value while advancing comprehensive protection against evolving threats. We believe this collaboration marks a major step forward in redefining identity security for the AI era.' Driving speed and efficiency with Harbor Pilot Also important, as the digital landscape evolves at an exponential rate, is the ability to provide identity teams with their own digital agents as their force multiplier – acting as identity security 'digital assistants.' SailPoint's agentic AI innovation, Harbor Pilot, marks an advancement in the realm of digital agents. With Harbor Pilot, identity teams can simplify and streamline their work and help enhance outcomes. Deloitte and SailPoint are working together to create a framework to accelerate the adoption of these capabilities across both business and technology teams. With these combined capabilities from SailPoint and Deloitte, enterprises will be able to quickly and efficiently deploy agentic AI for identity security to help expedite the use of GenAI tools while reducing total cost of ownership through optimized deployment strategies. The collaboration also helps organizations speed and evolve security maturity and develop a future-ready identity security posture that is adaptable to evolving threats. 'Through our work with SailPoint, Deloitte is helping organizations adopt a proactive, intelligent approach to identity security that turns the rapid adoption of agentic AI into an opportunity for enterprises,' said Adnan Amjad, US Cyber Leader and Partner, Deloitte. 'By establishing the implementation framework and leading practices for this integration, we're enabling organizations to confidently embrace new technologies while helping them implement strong, adaptive and scalable security controls across their digital environments. Together, we aim to help clients transform their identity security while also addressing the growing gap between evolving cyber risks and response capabilities – ultimately enabling resilient, future-ready enterprises.' Since 2008, Deloitte and SailPoint have collaborated to deliver unified, high-quality identity security solutions. With the combination of Deloitte's deep experience with SailPoint's technology, our alliance helps organizations achieve enhanced visibility, management, and security across their identity landscape. Deloitte's recognition – including the SailPoint Admiral Delivery Award and Global Partner of the Year – underscores our shared commitment to help achieve client success and innovation in identity security. About SailPoint At SailPoint, we believe enterprise security must start with identity at the foundation. Today's enterprise runs on a diverse workforce of not just human but also digital identities – and securing them all is critical. Through the lens of identity, SailPoint empowers organizations to seamlessly manage and secure access to applications and data at speed and scale. Our unified, intelligent, and extensible platform delivers identity-first security, helping enterprises defend against dynamic threats while driving productivity and transformation. Trusted by many of the world's most complex organizations, SailPoint secures the modern enterprise. As used in this document, 'Deloitte' means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Yahoo
12-06-2025
- Business
- Yahoo
SailPoint (SAIL) Soars on Higher Growth Outlook
We recently published a list of . In this article, we are going to take a look at where SailPoint, Inc. (NASDAQ:SAIL) stands against other best-performing stocks on Wednesday. SailPoint extended its winning streak to a fourth straight day on Wednesday, adding 14.66 percent to close at $22.53 apiece as investor sentiment was fueled by its higher growth outlook for the rest of the year. In a statement, SailPoint, Inc. (NASDAQ:SAIL) said it now expects to grow revenues between 20 and 21 percent to $1.034 billion to $1.044 billion for fiscal year 2026, higher than the 19 to 20 percent growth and revenue outlook of $1.025 billion to $1.035 billion targeted previously. For the second quarter alone, revenues are expected to increase by 22 to 23 percent to $242 million to $244 million. Adjusted earnings per share are expected to be in the range of $0.16 to $0.20 for the full fiscal year, versus the previously targeted $0.14 to $0.18. Meanwhile, adjusted earnings per share were pegged at between $0.04 and $0.05 in the second quarter period. A security technician installing a high-tech security system with multiple door locks. In the first quarter of the year, SailPoint, Inc. (NASDAQ:SAIL) widened its net loss attributable to common stockholders by 51 percent to $211 million from $140.5 million in the same period last year. Revenues increased by 23 percent to $230 million from $187 million year-on-year. Overall, SAIL ranks 4th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of SAIL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
