Proofpoint is established to develop into the most up-to-date cybersecurity acquisition of non-public equity huge Thoma Bravo just after a $12.3 billion offer was declared yesterday.
The all-money offer will see Proofpoint shareholders acquire $176 per share in cash, around a third much more than the firm’s closing selling price on Friday.
The two parties are proclaiming that, following the offer, Proofpoint will advantage from the “flexibility” of getting a private enterprise and from the “operating capabilities, cash support and deep sector expertise” of its new operator.
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In fact, Thoma Bravo has produced a string of acquisitions in the cybersecurity space around the latest years, snapping up Barracuda Networks, Centrify, Flexera, Imperva, McAfee, SonicWall, Sophos, Veracode, Tripwire, Venafi and many extra.
Proofpoint had also been on a mini-acquisition spree just before it was alone qualified, getting businesses which includes Meta Networks, Cloudmark and ObserveIT.
The SaaS security player’s heritage is in email security, but in new years it has expanded its product portfolio to incorporate cloud application security, archiving and compliance, cell protection and security awareness teaching.
Email continues to be the quantity 1 vector for today’s menace actors, particularly considering the fact that the start out of the pandemic. A surge in distracted household staff making use of most likely unsecured units has created email an even more desirable option.
Of the 62.6 billion cyber-threats blocked by Trend Micro very last calendar year, about 91% ended up email-borne.
“Proofpoint has recognized by itself as a real powerhouse in the cybersecurity sector due to its revolutionary suite of market-major merchandise and impressive buyer base of major providers all around the world,” claimed Chip Virnig, a partner at Thoma Bravo.
“As the sophistication of cyber-attacks continues to boost, Proofpoint is providing the most efficient answers to support companies guard their data and men and women across electronic platforms. We glance forward to partnering with the gifted Proofpoint crew and leveraging Thoma Bravo’s major security and operational expertise to assistance speed up the company’s development.”
Some parts of this report are sourced from:
www.infosecurity-journal.com