Insight certainty 4/5 debate potential 1/5

Boro: Many corporate breaches stem from former employees' active accounts

Seth Boro · Thoma Bravo's Behind the Deal Podcast (Capital Allocators, EP.308) · Apr 13, 2023 · at 7:30

Seth Boro, Managing Partner at Thoma Bravo, explains the core problem driving the enterprise identity governance market.

0:00 / 0:10exact quote · 10.5s
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“It turns out a lot of breaches that take place at companies come on the back of employees who no longer work there, but their identities are still active. They have access to systems that they shouldn't.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Seth Boro

Assertion Not checkable as stated
Boro: SailPoint was Thoma Bravo's first high-growth innovator investment
“Historically, and especially in tech, private equity was not buying companies that were considered innovators or high growth. So it was a departure from what you would see in a typical private equity investment at the time. It's become our business today. And …”
Seth Boro Apr 13, 2023 ▶ 13:46 Thoma Bravo's Behind the Deal Podcast (Capital Allocators, EP.308)
Assertion Supported
Boro: Thoma Bravo fully exited SailPoint equity within one year of IPO
“It took about a year, which is not, you never, we certainly, because we owned a overwhelming majority of the business, it was not something that we expected, but the stock did so well. And it, there was sort of constant opportunity actually to provide liquidit…”
Seth Boro Apr 13, 2023 ▶ 23:28 Thoma Bravo's Behind the Deal Podcast (Capital Allocators, EP.308)
Assertion Partly supported
Boro: Thoma Bravo valued SailPoint at $7B in its 2022 buyout
“Mark, you are in a unique situation where you've taken a business to our value was seven billion dollars.”
Seth Boro Apr 13, 2023 ▶ 25:08 Thoma Bravo's Behind the Deal Podcast (Capital Allocators, EP.308)
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