Press release

SailPoint Announces Upcoming Departure of Chief Revenue Officer

Sponsored by Businesswire

Technologies Holdings, Inc.
(NYSE: SAIL), the leader in enterprise identity
, today announced that Howard Greenfield will continue as
SailPoint’s Chief Revenue Officer through July 31, 2019, while a search
for his successor is conducted.

“I would like to thank Howard for his many contributions to SailPoint
over the last five years. During his tenure, we have experienced a
period of rapid revenue growth and further established ourselves as a
leader in identity governance. Howard has helped build a world-class
sales organization and strong relationships with our partner network,
meaningfully expanding our global reach,” said Mark McClain, CEO and
Co-founder of SailPoint. “We look forward to Howard’s contributions over
the next several months through this transition, and we wish him well in
his future endeavors.”

“I am thankful to Mark and the SailPoint Board of Directors for giving
me the opportunity to lead our global sales organization and to the
entire SailPoint team for their commitment to driving results for
SailPoint over time,” said Howard Greenfield. “I am committed to helping
the team in its search for my successor and to ensuring a smooth
transition process.”

Forward-Looking Statements:

This press release may contain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995,
including regarding the Company’s expectations regarding the Chief
Revenue Officer transition. In some cases, you can identify
forward-looking statements because they contain words such as “may,”
“will,” “will be,” “will likely result,” “should,” “expects,” “plans,”
“anticipates,” “could,” “would,” “foresees,” “intends,” “target,”
“projects,” “contemplates,” “believes,” “estimates,” “predicts,”
“potential” or “continue” or the negative of these words or other
similar terms or expressions that concern our expectations, strategy,
plans or intentions. These statements are not guarantees of future
performance, but are based on management’s current expectations,
assumptions and beliefs concerning future developments and their
potential effect on us, which are inherently subject to uncertainties,
risks and changes in circumstances that are difficult to predict. Our
expectations expressed or implied in these forward-looking statements
may not turn out to be correct. Our results could be materially
different from our expectations because of various risks.

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 and our
ability to deepen our relationships with existing customers; our
expectations regarding our customer growth rate; our ability to maintain
successful relationships with our channel partners and further develop
strategic relationships; our ability to develop or acquire new
solutions, improve our platform and solutions and increase the value of
and benefits associated with our platform and solutions; our ability to
compete successfully against current and future competitors; our plans
to further invest in and grow our business, and our ability to
effectively manage our growth and associated investments; our ability to
adapt and respond to rapidly changing technology, evolving industry
standards, changing regulations and changing customer needs; our ability
to maintain and enhance our brand or reputation as an industry leader
and innovator; our ability to hire, retain, train and motivate our
senior management team and key employees; our ability to successfully
enter new markets and manage our international expansion; adverse
economic conditions in the United States, Europe or the global economy;
significant changes in the contracting or fiscal policies of the public
sector; actual or perceived failures by us to comply with privacy policy
or legal or regulatory requirements; our ability to maintain third-party
licensed software in or with our solutions; and our ability to raise
additional capital or generate cash flows necessary to expand our
operations and invest in new technologies. 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, 2018.

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.

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: