Information Technology Services M&A » By The Online Investor Staff, updated Thu., Apr. 18, 7:05 AM
Recent mergers and acquisitions in the Information Technology Services M&A category.
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Slide #85. Proofpoint, Inc. — Armorize Technologies, Inc.
Acquirer:
Proofpoint, Inc. (PFPT)
Acquiree:
Armorize Technologies, Inc.
Details:
Proofpoint, Inc., (NASDAQ: PFPT), a leading security-as-a-service provider, today announced that it has agreed to acquire Armorize Technologies, Inc., a leading developer of cloud-based (SaaS) anti-malware products. The acquisition will bring a new set of real-time dynamic detection technology for next-generation threats and malware to Proofpoint's already robust capabilities, further enhancing and accelerating Proofpoint's Targeted Attack Protection product. Under the terms of the agreement, Proofpoint will pay approximately $25.0 million in cash. The acquisition has been approved by the Proofpoint Board of Directors and by the requisite Armorize shareholders and is expected to close in the third quarter of 2013.
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 |
