SailPoint Technologies Rally May Pull Into Port for a Bit
The provider of identity management software recently is seeing more of a balance between buying and selling in its shares.
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McClain said the market for identity management is huge as many companies are still struggling with legacy systems. He said the old security model was to have strong firewalls around a centralized network. But in today's cloud-enabled, work-from-home world, applications and data are everywhere, which calls for new models.
Identity management is a central control point for modern company networks, McClain said. Not only do they control who has access and who doesn't, but they also control which applications and services every employee needs. That way, even if an identity is compromised, the damage can be contained.