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The buyout firm has been building up a portfolio of cloud software vendors, focusing primarily on companies that have seen slowing growth rates and are selling at discounts to their peers. Founded in 2002, Proofpoint went public nine years ago and just passed $1 billion in annual revenue by providing software to stop malware and help businesses protect employees from phishing and other scams across mobile and cloud. We believe this is a great exit for a company that has significantly decelerated over the past two years, wrote analysts at Mizuho Securities, in a note to clients. Proofpoint s revenue growth slowed to 18% in 2020 from 24% in 2019 and 39% the year before that. ....