Hello, Guest!
  • Sunday, December 22, 2024

Thoma Bravo Closes $12.3B Cash Buy of Proofpoint

Private equity firm Thoma Bravo completed its $12.3 billion acquisition of Proofpoint more than one month after the cybersecurity company’s shareholders approved the all-cash transaction.

Proofpoint said Tuesday the deal completion signaled its transition from a publicly traded company to a private ownership structure.

Gary Steele, Chairman and CEO of Proofpoint, cited Thoma Bravo’s experience investing in software companies. “We look forward to building on our offerings to continue preventing, defending and responding to both today’s and tomorrow’s cybersecurity threats,” he added.

Commenting on the acquisition, Seth Boro, managing partner at Thoma Bravo, said the private equity firm will use its cybersecurity expertise to support Proofpoint’s continued offering of “people-centric security and compliance strategy” to safeguard client organizations from increasing cyber threats.

The transaction was first announced in late April followed by Proofpoint’s Special Meeting of Shareholders in July.

Video of the Day

Related Articles

Proofpoint Shareholders OK $12.3B Deal With Thoma Bravo M&A Activity

Proofpoint Shareholders OK $12.3B Deal With Thoma Bravo

Shareholders at Proofpoint (Nasdaq: PFPT) voted to approve the cybersecurity and compliance company’s $12.3 billion sale to private equity firm Thoma Bravo. Proofpoint said Friday both parties still expect to complete the transaction in the third quarter of 2021, subject to regulatory approvals and other customary closing conditions. Gary Steele, chairman and CEO of Proofpoint,

Proofpoint’s Tony D’Angelo: IT Modernization Could Help Agencies Shift Security Efforts to Users Cybersecurity

Proofpoint’s Tony D’Angelo: IT Modernization Could Help Agencies Shift Security Efforts to Users

Tony D’Angelo, vice president of federal business at Proofpoint (Nasdaq: PFPT), has said cloud migration and other information technology modernization initiatives provide agencies an opportunity to redirect their cybersecurity focus toward efforts aimed at protecting users from cyber threats. Agencies allocate only 8 percent of their cybersecurity budgets on email security despite reports that majority

Proofpoint’s Tony D’Angelo: Agencies Need Security Tools for Email, Mobile Device Cyber Defense News

Proofpoint’s Tony D’Angelo: Agencies Need Security Tools for Email, Mobile Device Cyber Defense

Tony D’Angelo, vice president of federal business at Sunnyvale, California-based enterprise security company Proofpoint (Nasdaq: PFPT), has said government agencies should adopt platforms that work to defend against threat actors that target users™ emails and mobile devices. D™Angelo wrote that email security gateway tools based on the Domain-based Message Authentication, Reporting and Conformance system, or DMARC,