SailPoint Technologies Could Be Purchased Here
The correction or pullback in SAIL looks to be over.
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SAIL
For his second "Executive Decision" segment of Friday night's
Mad Money program, Jim Cramer spoke with Mark McClain, co-founder and CEO of cybersecurity company SailPoint Technologies Holdings (SAIL) .
McClain said that SailPoint acts as your IT wingman. The digital transformation depends on trust, he said, and identity is at the core of trust. That's why SailPoint has become valuable to companies.
Identity services aren't just for humans anymore, either. McClain explained that apps for loan applications are assessing credit risk digitally now, which means programs are accessing the multiple systems, just as a human used to do. All of those interactions must also be secured. As cybersecurity and ransomware continue to dominate the headlines, SailPoint will continue to be in demand, he said.