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Fenwick & West represented Proofpoint, Inc. in the transaction. In late 2016 Proofpoint acquired FireLayers, an Israeli company with a solid CASB product, enriching the Proofpoint Nexus platform. With the acquisition, Proofpoint aims to strengthen its cloud-based architecture to help customers better protect users, applications, and data beyond the traditional perimeter. Contact me if you'd like to learn more about working at a company where you can make a difference, to your career and our clients. Proofpoint CEO Gary Steele. For more information on Proofpoint Cloud App Security Broker (Proofpoint CASB), please visit: ... 23andMe Successfully Closes its Business Combination with VG Acquisition Corp. - June 16, 2021; ObserveIT’s endpoint agent technology and data risk analytics will be combined with Proofpoint’s information classification, threat detection and intelligence. “More than 30% of all data breaches are the result of insider threats and only a people-centric approach to data security can effectively prevent these breaches from happening,” said Gary Steele, … ... With this acquisition, Proofpoint will extend its data loss prevention (DLP) capabilities with endpoint joining email, CASB, and data-at-rest to form an enhanced enterprise DLP offering. The acquisition of Meta Networks will also help Proofpoint in expanding its presence in … Through this acquisition, Proofpoint will provide security teams with the capability to understand and respond to data being mishandled, whether on a corporate device, in a cloud app like Office 365, or via email allowing teams to rapidly detect, investigate, and prevent potential insider threat incidents. Proofpoint claims that every day it … Proofpoint says that it intends to integrate Meta Networks’ ZTNA technology with its cloud access security broker (CASB) and web isolation product lines to offer customers a comprehensive cloud access and security platform, and that the acquisition of Meta Networks will add approximately 20 technical contributors to its team in Israel. Private equity giant Thoma Bravo has agreed to purchase email security powerhouse Proofpoint for $12.3 billion in the biggest cybersecurity acquisition of all time. “As enterprises are becoming soft targets to cyber attacks and as more and more organizations are showing inclination in moving towards the cloud, a compromise of […] Proofpoint intends to integrate Meta Networks’ ZTNA technology with its cloud access security broker (CASB) and web isolation product lines to offer customers a comprehensive cloud access and security platform. Proofpoint has entered into a definitive agreement to acquire ObserveIT for $225m. 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. Proofpoint, Inc., (PFPT), a leading cybersecurity and compliance company, today announced it has completed its acquisition of ObserveIT, the leading insider threat management platform. Proofpoint CASB solution provides granular visibility into users and data at risk. You get a people-centric view of cloud access and sensitive-data handling. With Proofpoint CASB's protection app, you can Proofpoint CASB extends our people-centric security to the cloud. Proofpoint CASB is part of the organization’s Information Protection platform, which delivers a unique people-centric approach to stopping data loss across email, cloud apps, and endpoints. Proofpoint, Inc., (PFPT), the leader in people-centric cybersecurity, has entered into a definitive agreement to acquire ObserveIT, the leading insider threat management platform. Proofpoint is acquiring ObserveIT, an insider threat management platform provider, to boost Proofpoint’s Data Loss Prevention (DLP) technologies. Through this acquisition, Proofpoint will provide security teams with the capability to understand and respond to data being mishandled, whether on a corporate device, in a cloud app like Office 365, or via email allowing teams to rapidly detect, … The $225 million acquisition will help Proofpoint expand its data loss prevention capabilities with email, CASB, and data at rest. The company’s new cloud platform was developed from its experience managing and analyzing email traffic. ET Intelligence BRO Support Tech Brief. Aimed to integrate Meta Networks’ ZTNA technology with Proofpoint’s cloud access security broker (CASB), the acquisition will offer comprehensive cloud access and advance security platform to customers. synopsis: Proofpoint announced that it has acquired Sendmail, Inc., a leading provider of solutions that simplify business messaging complexity and reduce IT infrastructure costs. In its acquisition announcement, Proofpoint said that it would, "extend its data loss prevention (DLP) capabilities with endpoint joining email, CASB, and data-at-rest to form an enhanced enterprise DLP offering. CASB Disparity. The service runs on the endpoint and communicates to a central and on-premise server, allowing security teams to detect, investigate, and prevent insider threat incidents, all by delivering real-time alerts and insights into user activity. Proofpoint has a large installed base for its email security product; the target market for Proofpoint’s CASB is as an add-on for this installed base, plus new customers not using Proofpoint products. Proofpoint provides visibility into attacks, including attack types and targets, and identifies your organization’s VAPs, which is a dynamic list based on how attacks and targets evolve over time. The acquisition of Meta Networks will also help Proofpoint in expanding its presence in … The Proofpoint A670 Archive Appliance starts around $10,300 while the P370 Messaging Appliance cost starts at $4850. Proofpoint CASB extends our people-centric security to the cloud. Proofpoint, Inc., (PFPT), a leading cybersecurity and compliance company, today announced it has completed its acquisition of ObserveIT, the leading insider threat management platform. Proofpoint CASB helps customers secure applications such as Microsoft Office 365, Google’s G Suite, Box, and more. CipherCloud Cloud Security Broker (CSB) eliminates cloud security issues by delivering a single solution to secure sensitive customer information across all cloud applications. The agreement includes a 45-day “go-shop” period that allows Proofpoint to pursue alternative acquisition proposals from other potential suitors until June 9, 2021. synopsis: Proofpoint announced that it has acquired Sendmail, Inc., a leading provider of solutions that simplify business messaging complexity and reduce IT infrastructure costs. Fifteen percent continue to evaluate vendors. Proofpoint believes that as companies transition to the cloud, the traditional methods of data and intellectual property protection may not be enough. For the third quarter, Proofpoint forecast revenues of $260-$262 million with an EPS of … The acquisition will allow Proofpoint to improve its existing capabilities by integrating Meta Networks’ technology into its cloud access security broker (CASB) and web isolation products. Proofpoint had cash, cash equivalents, and short-term investments of $973.3 million. Proofpoint’s Financials Proofpoint’s Q1 revenues grew 23% over the year to $249.8 million, ahead of the market’s forecast of $245.5 million. --Proofpoint, Inc.,, a leading cybersecurity and compliance company, today announced it has completed its acquisition of ObserveIT, the leading insider threat … Proofpoint has leveraged its $255 million acquisition of ObserveIT last year to provide its ITM customers with additional visibility into their systems. Proofpoint's Acquisition. Responsible for all sales and go-to-market for Proofpoint's award winning advanced technology including CASB, E-mail Fraud Detection, Web isolation, and Zero-Trust Networking products. It allows you to detect, investigate and defend against cyber criminals who are accessing your sensitive data and trusted accounts. Proofpoint's acquisition of Meta Networks is not expected to materially impact its financial guidance or results of operations for the year ending December 31, 2019. The $225 million acquisition will help Proofpoint expand its data loss prevention capabilities with email, CASB, and data at rest. This multi-trillion data point threat graph includes more than two billion daily emails, 13 million active cloud accounts, 86,000+ social media accounts, and 400,000-600,000 daily malware samples. Private equity firm Thoma Bravo in April 2021 announced an agreement to purchase Proofpoint for $12.3 billion. Yet, despite the benefits, only 21% of organizations use cloud access security brokers, according to “Survey Report: Evolution of the CASB.”. The $225 million acquisition will help Proofpoint expand its data loss prevention capabilities with email, CASB, and data at rest. It plans to leverage ObserveIT’s acquisition to extend its email and cloud access security broker (CASB) DLP capabilities with endpoint. Through an API integration, Proofpoint sends VAP information to Okta, enabling organizations to apply adaptive controls across users, devices, and applications. Proofpoint CASB solution helps you discover and control third-party add-ons, including malicious ones. Our powerful analytics allow you to grant the right levels of access to third-party add-on apps based on the risk factors that matter to you. Gain visibility and control over your cloud apps, so you can deploy cloud services with confidence.

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