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Proofpoint, Inc (NASDAQ: PFPT) in an all-cash transaction valuing Proofpoint at $12.3 billion. Proofpoint stockholders will receive $176 per share, signifying a 34% premium on Proofpoint's Apr. 23, 2021 closing price. Proofpoint will become a private company with the flexibility and resources to continue providing cybersecurity and compliance solutions under the arrangement. Additionally, Proofpoint will benefit from the operating capabilities, capital support, and deep sector expertise of global software investor Thoma Bravo. Thoma Bravo had consummated a $1 billion initial public offerin...
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 approximately $12.3 billion. Under the terms of the agreement, Proofpoint shareholders will receive $176.00 pe...
By Reuters Staff 2 Min Read (Reuters) -Private equity firm Thoma Bravo said on Monday it would buy Proofpoint Inc in an all-cash deal that valued the cybersecurity firm at about $12.3 billion, at a time when remote working due to the pandemic has fueled a surge in demand for network security. Interest in cybersecurity firms has soared as more businesses turn to the cloud to run their operations and frequent cyberattacks. Cybersecurity industry funding reached an all-time high of $11.4 billion last year, a nearly 50% increase from 2018, according to CB Insights. The deal, expected to close in ...
ADVERTISEMENT ADVERTISEMENT Skadden, Kirkland Drive $12.3B Deal For Cybersecurity Firm Law360 (April 26, 2021, 8:47 AM EDT) -- Proofpoint Inc. will be taken private by investment firm Thoma Bravo in a deal that values the cybersecurity firm at roughly $12.3 billion and was put together with help from respective legal advisers Skadden and Kirkland, the companies said Monday. The acquisition adds to Thoma Bravo's portfolio a company that provides cybersecurity and compliance solutions to companies around the world. The all-cash agreement sees Thoma Bravo paying $176 per share, equivalent to a ...