Mergers & AcquisitionsBy The Online Investor Staff, updated Wed., Mar. 3, 9:54 PM
|This Slide: #75 of 100|
Slide #75. Proofpoint, Inc. — InteliSecure
Proofpoint, Inc. (NASDAQ:PFPT)
Proofpoint, Inc. (NASDAQ: PFPT), a leading cybersecurity and compliance company, has entered into a definitive agreement to acquire InteliSecure, Inc. ("InteliSecure"), an innovator in data loss protection managed services. With this acquisition, Proofpoint looks to strengthen its cloud-based people-centric security platform by enhancing customers' ability to protect critical data in diverse environments. Under the terms of the agreement, Proofpoint will acquire InteliSecure for $62.5 million in cash, subject to customary purchase price adjustments. The acquisition is expected to close during this first quarter of 2021, subject to satisfaction of customary closing conditions.
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 (3.77 out of 4)