The Online Investor
Information Technology Services M&A image Information Technology Services M&A » By The Online Investor Staff, updated Mon., Jul. 13, 12:55 PM Recent mergers and acquisitions in the Information Technology Services M&A category.

Slide #89. Proofpoint Abaca Technology Corporation

Acquirer: Proofpoint (NASDAQ:PFPT)
Acquiree: Abaca Technology Corporation
Details: Proofpoint, Inc. (NASDAQ: PFPT), a leading security-as-a-service provider, today announced that it has acquired Abaca Technology Corporation through a reverse triangular merger with a wholly-owned subsidiary of Proofpoint. Abaca is a Silicon Valley company known for its engineering strength, technical talent, and email filtering & protection algorithms.

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.

PFPT SEC Filing Email Alerts Service


Open the PFPT Page at The Online Investor »

Company Name: 
Proofpoint Inc
Website: 
www.proofpoint.com
Sector: 
Information Technology Services
Number of ETFs Holding PFPT: 
43
Total Market Value Held by ETFs: 
$830.67M
Total Market Capitalization: 
$7.02B
% of Market Cap. Held by ETFs: 
11.83%
 

Open the PFPT Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Strong Buy (3.56 out of 4)
67th percentile
(ranked higher than approx. 67% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Information Technology Services M&A - Slide 89 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.