Cybersecurity firm Proofpoint acquired for $12 3bn siliconrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconrepublic.com Daily Mail and Mail on Sunday newspapers.
Thoma Bravo Acquires Proofpoint themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
We believe that as a private company, we can be even more agile with greater flexibility to continue investing in innovation, building on our leadership position and staying ahead of threat actors, said chairman and CEO of Proofpoint Gary Steele. Thoma Bravo is an experienced software investor, providing capital and strategic support to technology organisations, and our partnership will accelerate Proofpoint s growth and scale at an even faster pace. This is an exciting new chapter for Proofpoint that would not have been possible without our employees hard work and commitment to our customers, partners and each other.
Proofpoint s valuation at $12.3bn dwarfs those of Symantec and McAfee, which both sold up to larger rivals or private equity for mouth-watering sums of money.
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Publicly traded cybersecurity provider Proofpoint Inc. today announced that it has agreed to be acquired by Thoma Bravo, a prominent private equity firm, in a $12.3 billion all-cash transaction.
The deal is set to net a sizable return for Proofpoint’s shareholders. Thoma Bravo has offered to pay $176 per share of the company, about 34% higher than where its stock stood at market close Friday.
Proofpoint is one of the world’s largest providers of technology for blocking malicious emails. Its artificial intelligence-powered security software catches messages containing suspicious links, malicious attachments and phishing attempts. Built-in analytics features allow administrators to study the email-borne attacks targeting their organizations to find ways of enhancing their defenses.