SailPoint Technologies Holdings, Inc. (NYSE: SAIL) revealed that it is planning to buy ERP Maestro. ERP Maestro is a SaaS governance, risk, and compliance (GRC) solution. After buying ERP Maestro, SailPoint will merge identity security with Separation-of-Duty (SoD) controls monitoring of ERP Maestro for the most critical applications, like SAP of enterprises.
This merging will offer the combined approach for efficient identity security controls and SoD supervision that is necessary to detect and halt the threats posed by possible insider SoD disputes before they turn into a disaster of deception or violation of confidential data.
Shares of SailPoint Technologies plummeted 1.71% at $55.73 at the time of writing on Friday. The firm has recorded the 52-week low range of $11.61 and the 52-week high range of $64.19. The share has surged 380.02% from its 52-week low and plummeted to -13.18% from its 52-week high.
Until now, firms have normally handled SoD checking in a silo, instead of holding a firmly-unified approach to guarantee no dispute of access or over-authorized access was happening. The ERP Maestro’s flexible and expandable approach enables for swift, computerized, and strong surveillance of the most complex business-critical systems of enterprises.