SailPoint
Technologies Holdings, Inc. (NYSE: SAIL), the leader in enterprise identity
governance, today announced that the company has received initial
approval for a new U.S. patent, covering SailPoint’s application of
Artificial Intelligence (AI) and Machine Learning (ML) to peer group
analysis. The pending patent is titled “System and Method for Peer Group
Detection, Visualization and Analysis in Identity Management Artificial
Intelligence Systems Using Cluster-Based Analysis of Network Identity
Graphs.”
AI and ML, when applied to identity data, speeds the discovery,
visualization and analysis of peer groups, delivering highly-accurate,
relevant and scalable results. The patent-pending technology is a key
component of SailPoint
Predictive Identity™, the intelligent cloud identity platform of the
future.
“Peer groups enable enterprises to leverage the notion that identities
with strongly similar attributes should be assigned similar, if not
identical, access,” said Paul Trulove, Chief Product Officer for
SailPoint. “By leveraging AI and ML, we can greatly speed up the time it
typically takes to discover peer groups among a set of hundreds, if not
thousands, of peers, and identify outlier identities that do not adhere
to the intended access profile of their job function.”
Trulove continued, “Further, the ability to assign a similarity to a
group of peers informs important governance recommendations. For
example, should a certain user within a peer group retain access to a
sensitive application or set of data that the rest of his or her peers
does not have access to? With AI and ML, identity teams can quickly sift
through these users whose access may be out of the norm or pose more
risk. As a result, identity teams can drive more efficient and effective
identity governance decisions.”
Forward-Looking Statements/Product Roadmap:
This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995,
including regarding the Company’s future product releases, features,
functionality, and plans and potential patent approval. In some cases,
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management’s current expectations, assumptions and beliefs concerning
future developments and their potential effect on us, which are
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these forward-looking statements may not turn out to be correct. Our
results could be materially different from our expectations because of
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Important factors, some of which are beyond our control, that could
cause actual results to differ materially from our historical results or
those expressed or implied by these forward-looking statements include
the following: our ability to attract and retain customers, including
larger organizations; our ability to deepen our relationships with
existing customers; our expectations regarding our customer growth rate;
our business plan and beliefs and objectives for future operations;
trends associated with our industry and potential market; benefits
associated with use of our platform and services; our ability to develop
or acquire new solutions, improve our platform and solutions and
increase the value of our platform and solutions; our ability to compete
successfully against current and future competitors; our ability to
further develop strategic relationships; our ability to achieve positive
returns on investments; our plans to acquire complementary businesses,
products or technology; our plans to further invest in and grow our
business, and our ability to effectively manage our growth and
associated investments; our ability to timely and effectively scale and
adapt our existing technology, our ability to increase our revenue, our
revenue growth rate and gross margin; our ability to generate sufficient
revenue to achieve and sustain profitability; our future financial
performance, including trends in revenue, cost of revenue, operating
expenses, other income and expenses, income taxes, billings and
customers; the sufficiency of our cash and cash equivalents and cash
generated from operations to meet our working capital and capital
expenditure requirements; our ability to raise capital and the loans of
those financings; our ability to attract, train and retain qualified
employees and key personnel; our ability to maintain and benefit from
our corporate culture; our ability to successfully identify, acquire and
integrate companies and assets; our ability to successfully enter new
markets and manage our international expansion; and our ability to
maintain, protect and enhance our intellectual property and not infringe
upon others’ intellectual property. These and other important risk
factors are described more fully in our reports and other documents
filed with the Securities and Exchange Commission (“the SEC”) including
under “Part I, Item 1A. Risk Factors” in our Annual Report on Form 10-K
for the year ended December 31, 2018, which was filed with the SEC on
March 18, 2019. Moreover, we operate in a very competitive and rapidly
changing environment. New risks and uncertainties emerge from time to
time and it is not possible for us to predict all risks and
uncertainties that could have an impact on the forward-looking
statements contained in this press release. We cannot assure you that
the results, events and circumstances reflected in the forward-looking
statements will be achieved or occur, and actual results, events or
circumstances could differ materially from those described in the
forward-looking statements.
Any forward-looking statement speaks only as of the date as of which
such statement is made, and, except as required by law, we undertake no
obligation to update or revise publicly any forward-looking statements,
whether because of new information, future events, or otherwise.
The development, release, and timing of any features or functionality
described for our products that are not currently available remains at
our sole discretion on a when, and if available, basis and may not be
delivered at all and should not be relied on in making a purchasing
decision.
SailPoint: The Power of Identity™
SailPoint, the leader in enterprise identity governance, brings the
Power of Identity to customers around the world. SailPoint’s open
identity platform gives organizations the power to enter new markets,
scale their workforces, embrace new technologies, innovate faster and
compete on a global basis. As both an industry pioneer and market leader
in identity governance, SailPoint delivers security, operational
efficiency and compliance to enterprises with complex IT environments.
SailPoint’s customers are among the world’s largest companies in a wide
range of industries, including: 8 of the top 15 banks, 4 of the top 6
healthcare insurance and managed care providers, 9 of the top 15
property and casualty insurance providers, 5 of the top 13
pharmaceutical companies, and 11 of the largest 15 federal agencies.
More information on SailPoint is available at: www.sailpoint.com.
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