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Slide #68. Proofpoint, Inc — Sendmail, Inc.
Proofpoint, Inc (NASDAQ:PFPT)
Proofpoint, Inc., (NASDAQ: PFPT), a leading security-as-a-service provider, today announced that it has acquired Silicon Valley based Sendmail, Inc., a leading provider of solutions that simplify business messaging complexity and reduce IT infrastructure costs for enterprises throughout the world. The acquisition brings a unique set of technical talent to the Proofpoint engineering team and strengthens the company's position in enterprise security and messaging. Under the terms of the merger agreement, Proofpoint paid approximately $23.0 million in cash. The acquisition was structured as a simultaneous signing and closing and requires no additional approvals.
Proofpoint is a security-as-a-service provider that enables organizations worldwide to defend, protect, archive and govern their data. Co.'s security-and compliance platform is comprised of an integrated suite of threat protection, information protection, and brand protection solutions, including email protection, threat protection, email authentication, data loss prevention, digital risk, web browser isolation, email encryption, archiving, phishing simulation and security awareness computer-based training. Co.'s platform services primarily consist of: threat detection, threat intel extraction, nexus threat graph, real-time detection, information classification and intelligent policy.
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Strong Buy (3.56 out of 4)
(ranked higher than approx. 67% of all stocks covered)
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