Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Threat Intelligence

04:25 PM

Proofpoint to Be Acquired by Thoma Bravo for $12.3B

The cybersecurity company will go private following the all-cash transaction.

Private equity firm Thoma Bravo has agreed to acquire cybersecurity company Proofpoint for $12.3 billion in an all-cash transaction, the two confirmed today.

Proofpoint was founded in 2002 by Eric Hahn, former CTO of Netscape, to help organizations defend against email-based security threats. Since then, its technology has expanded to address cloud security, archiving and compliance, security awareness training, and other security issues. 

Proofpoint has expanded geographically as well: It's headquartered in Sunnyvale, Calif., but its 3,600 employees are spread across Australia, Canada, France, Germany, Israel, Japan, the Netherlands, Singapore, the United Kingdom, and the United States. Proofpoint went public in 2012 and last year reported $1.05 billion in revenue.

This acquisition will see Proofpoint go private. Chairman and CEO Gary Steele anticipates this will allow the company to "be even more agile with greater flexibility to continue investing in innovation, building on our leadership position and saying ahead of threat actors," he says in a statement.

Thoma Bravo has added several cybersecurity companies to its portfolio in recent years. Its notable acquisitions include Veracode for $950 million, Imperva for $2.1 billion, and Sophos for $3.9 billion, as well as Imperva, McAfee, LogRhythm, Venafi, Blue Coat, Barracuda, DigiCert, Imprivata, and Idaptiv.

Proofpoint has also completed several acquisitions, including those of InteliSecure, Wombat Security, ObserveIT, NetCitadel, Cloudmark, Meta Networks, and Weblife.

Its agreement with Thoma Bravo has been unanimously approved by Proofpoint's board of directors, which has recommended company shareholders vote in favor of the acquisition at an upcoming shareholders' meeting.

Read the full release for more details.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Recommended Reading:

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
FluBot Malware's Rapid Spread May Soon Hit US Phones
Kelly Sheridan, Staff Editor, Dark Reading,  4/28/2021
7 Modern-Day Cybersecurity Realities
Steve Zurier, Contributing Writer,  4/30/2021
How to Secure Employees' Home Wi-Fi Networks
Bert Kashyap, CEO and Co-Founder at SecureW2,  4/28/2021
Register for Dark Reading Newsletters
White Papers
Cartoon Contest
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
PUBLISHED: 2021-05-07
An integer overflow exists in the APIs of the host MCU while trying to connect to a WIFI network may lead to issues such as a denial-of-service condition or code execution on the SimpleLink Wi-Fi (MSP432E4 SDK: v4.20.00.12 and prior, CC32XX SDK v4.30.00.06 and prior, CC13X0 SDK versions prior to v4....
PUBLISHED: 2021-05-07
Nim is a statically typed compiled systems programming language. In Nim standard library before 1.4.2, httpClient SSL/TLS certificate verification was disabled by default. Users can upgrade to version 1.4.2 to receive a patch or, as a workaround, set "verifyMode = CVerifyPeer" as documente...
PUBLISHED: 2021-05-07
IBM Robotic Process Automation with Automation Anywhere 11.0 could allow an attacker on the network to obtain sensitive information or cause a denial of service through username enumeration. IBM X-Force ID: 190992.
PUBLISHED: 2021-05-07
Eventlet is a concurrent networking library for Python. A websocket peer may exhaust memory on Eventlet side by sending very large websocket frames. Malicious peer may exhaust memory on Eventlet side by sending highly compressed data frame. A patch in version 0.31.0 restricts websocket frame to reas...
PUBLISHED: 2021-05-07
The affected product allows attackers to obtain sensitive information from the WISE-PaaS dashboard. The system contains a hard-coded administrator username and password that can be used to query Grafana APIs. Authentication is not required for exploitation on the WISE-PaaS/RMM (versions prior to 9.0...