Page 41 - Gary Steele News Today

Thoma Bravo to Buy Proofpoint for $12.3 Billion May 20, 2021 May 3, 2021 May 5, 2021 @prajeetspeaks) • April 27, 2021     Watch for updates on this developing story. As a result of the sale, publicly traded Proofpoint would become privately held. "We believe that as a private company, we can be even more agile with greater flexibility to continue investing in innovation, building on our leadership position and stayi...

Share: Announces First Quarter Fiscal Year 2021 Financial Results SUNNYVALE, Calif. and SAN FRANCISCO, April 26, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ:PFPT) (the "Company"), a leading cybersecurity and compliance company, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction that values Proofpoint at approximat...

Private equity giant Thoma Bravo has agreed to purchase email security powerhouse Proofpoint for US$12.3 billion in the biggest cybersecurity acquisition of all time. The Sunnyvale, Calif.-based company said the proposed acquisition will give Proofpoint the flexibility and resources needed to continue providing an effective cybersecurity and compliance offering. Proofpoint also expects to benefit from Thoma Bravo’s operating capabilities, capital support and deep sector experience. The deal i...

Thoma Bravo buys cybersecurity vendor Proofpoint for $12.3B in cash More M&A activity is underway in the red-hot field of cybersecurity. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. Proofpoint is traded publicly on the Nasdaq exchange and as of its closing price on Friday, it had a market cap of $7.5 billion. This bid, which will see the company go private, is a big hike on its latest share price. The deal...

Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions. This material may not be published, broadcast, rewritten, or redistr...

Proofpoint To Be Acquired By Thoma Bravo For $12.3B This is the biggest cybersecurity deal of all time, beating Broadcom’s $10.7 billion purchase of Symantec’s enterprise business, Intel’s $7.6 billion purchase of McAfee and Okta’s $6.5 billion purchase of Auth0. By Michael Novinson April 26, 2021, 09:47 AM EDT Private equity giant Thoma Bravo has agreed to purchase email security powerhouse Proofpoint for $12.3 billion in the biggest cybersecurity acqu...

Shares of Proofpoint (NASDAQ:PFPT) surged 31% on Monday after the cybersecurity and compliance company announced that it reached a deal to be acquired by private equity firm Thoma Bravo.  So what The all-cash deal values Proofpoint at roughly $12.3 billion. Proofpoint shareholders will receive $176 in cash for each share they own, a 34% premium to the stocks closing price on Friday. "Todays announcement is a testament to the strength of Proofpoints people-centric approach to cybersecurity and...

Private equity firm Thoma Bravo has acquired yet another cybersecurity vendor in Proofpoint and will take the company private.

10 Things To Know About The Thoma Bravo-Proofpoint Deal And Stock Hike Here’s a look at how Proofpoint can leverage Thoma Bravo’s expertise and track record to its advantage, the likelihood of another buyer coming in with a superior bid for Proofpoint, and why this deal is likely to kick off a tech M&A spree. By Michael Novinson April 26, 2021, 02:15 PM EDT The Biggest Security Deal Of All-Time Proofpoint will potentially walk away from the public market n...

Stock Market Today With Jim Cramer: Watching Tesla Earnings Jim Cramer discusses the latest stock market news including what to expect from Teslas earnings and others this week and Proofpoints deal with PE firm Thoma Bravo. Author: Original: Apr 26, 2021 Stocks rose Monday as investors focused on the busiest week of earnings season and a Federal Reserve that is expected to leave key policy settings unchanged. TheStreets Katherine Ross and Jim Cramer discussed breaking news in the stock market. ...