Information Technology Services M&A » By The Online Investor Staff, updated Thu., Apr. 25, 12:42 AM
Recent mergers and acquisitions in the Information Technology Services M&A category.
| This Slide: #68 of 100 |
Slide #68. Proofpoint, Inc — Sendmail, Inc.
Acquirer:
Proofpoint, Inc (PFPT)
Acquiree:
Sendmail, Inc.
Details:
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, SaaS application protection, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, secure communication, phishing simulation and security awareness computer-based training.
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Avg. Broker Rec.
 
|
Hold (2.36 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: PFPT Stock Forecast Based on Zacks ABR data; powered by Xignite |
