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In a move to put in place a key piece for its portfolio of cybersecurity companies, private equity firm Thoma Bravo has finalized plans to acquire IAM (identity access management) security vendor SailPoint in a go-private deal worth $6.9 billion.

When completed, the deal, announced Monday, will be the latest in a string of security focused technology acquisitions for the private equity firm, which last year purchased payment security provider Bottomline Technologies for $2.6 billion in December and cybersecurity and compliance vendor Proofpoint for $12.3 billion in August, among other transactions, some of which date back to 2016.

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