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Slide #85. Proofpoint, Inc. — Armorize Technologies, Inc.
Proofpoint, Inc. (NASDAQ:PFPT)
Armorize Technologies, Inc.
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, 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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