Proofpoint is set to come to be the latest cybersecurity acquisition of non-public fairness big Thoma Bravo after a $12.3 billion deal was declared yesterday.
The all-cash deal will see Proofpoint shareholders acquire $176 per share in cash, all-around a 3rd additional than the firm’s closing selling price on Friday.
The two events are professing that, adhering to the deal, Proofpoint will profit from the “flexibility” of being a private company and from the “operating abilities, cash support and deep sector expertise” of its new operator.
In reality, Thoma Bravo has produced a string of acquisitions in the cybersecurity area about current yrs, snapping up Barracuda Networks, Centrify, Flexera, Imperva, McAfee, SonicWall, Sophos, Veracode, Tripwire, Venafi and lots of more.
Proofpoint had also been on a mini-acquisition spree prior to it was itself targeted, acquiring companies together with Meta Networks, Cloudmark and ObserveIT.
The SaaS security player’s heritage is in email security, but in new several years it has expanded its product or service portfolio to contain cloud software security, archiving and compliance, cellular protection and security recognition instruction.
Email continues to be the variety just one vector for today’s danger actors, specifically considering the fact that the commence of the pandemic. A surge in distracted property workers making use of potentially unsecured units has manufactured email an even far more attractive selection.
Of the 62.6 billion cyber-threats blocked by Pattern Micro past yr, above 91% had been email-borne.
“Proofpoint has proven alone as a correct powerhouse in the cybersecurity sector owing to its modern suite of marketplace-foremost products and solutions and remarkable buyer base of foremost companies all around the environment,” stated Chip Virnig, a associate at Thoma Bravo.
“As the sophistication of cyber-attacks carries on to boost, Proofpoint is offering the most productive solutions to enable organizations secure their knowledge and men and women throughout electronic platforms. We glimpse forward to partnering with the proficient Proofpoint group and leveraging Thoma Bravo’s considerable security and operational knowledge to assist speed up the company’s development.”
Some parts of this article are sourced from:
www.infosecurity-journal.com