SailPoint IPO jumps more than 20%

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Mark McClain, Co-founder and CEO of Sailpoint Technologies Holdings rings the opening bell to celebrate his company's IPO at the New York Stock Exchange (NYSE) in New York, November 17, 2017.


Brendan McDermid | Reuters

Mark McClain, Co-founder and CEO of Sailpoint Technologies Holdings rings the opening bell to celebrate his company’s IPO at the New York Stock Exchange (NYSE) in New York, November 17, 2017.

McClain notes that SailPoint is focused on who has access to a corporate network and who should have access.

Using artificial intelligence, the company is also beginning to focus on a third issue, whether authorized users are using their access appropriately. This would allow them to see if users were attempting to access parts of the network they are not authorized to access.

McClain also addresses cybersecurity since the Equifax breach. The good news: corporate America has greatly elevated cybersecurity as a high-priority issue. The bad news: there is still a long way to go, and there still are no gold-plated assurances that a company cannot get hacked no matter how much effort is made.



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