Is this statement true about the IdentityNow release cycle?

Yes, IdentityNow releases are controlled and coordinated by SailPoint. SailPoint manages the software release cycle for IdentityNow, which follows a SaaS (Software-as-a-Service) delivery model. This means updates, new features, patches, and other improvements are automatically rolled out by SailPoint without requiring manual intervention by customers. The release schedule is typically structured around planned maintenance windows and communicated to customers in advance. SailPoint ensures these updates are deployed securely and efficiently to all tenants.

References:

SailPoint IdentityNow SaaS Release Management Guide.

SailPoint IdentityNow Product Updates and Release Notes.