(Bloomberg) -- Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint Inc. in a deal it said values the business at about $12.3 billion.The private equity firm is offering $176 per share in cash, representing a 34% premium to Proofpoint's Friday closing price, according to a statement Monday. All rights reserved. Proofpoint / Thoma Bravo deal overview. Learn about the benefits of becoming a Proofpoint Extraction Partner. Sitemap, Thoma Bravo Completes Acquisition of Proofpoint, North Korean Hacking Group Targets Diplomats, Forgoes Malware, State-sponsored North Korean hackers responsible for blitz of attacks in 2021, North Korea ramped up hacking attempts in 2021: Report, North Korean cybercriminal group âTA406â escalates attacks through 2021, EMOTET RETURNS AFTER LAW ENFORCEMENT DISRUPTION, Simulated Phishing and Knowledge Assessments, Managed Services for Security Awareness Training, Managed Services for Information Protection. The firm has offices in Chicago, Miami and San Francisco. With the benefit of Thoma Bravo's knowledge and insights, combined with the fact we will have added stability and flexibility as a private company, Riverbed . Under the provisions of the arrangement, Proofpoint investors will get $176 per share . Learn about our unique people-centric approach to protection. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Transaction with Thoma Bravo Under the terms of the merger agreement with Thoma Bravo, L.P. ("Thoma Bravo") announced on April 26, 2021, Proofpoint shareholders will receive $176.00 in cash for each share of Proofpoint common stock they own. For more information, visit thomabravo.com. The cybersecurity company will go private following the all-cash transaction. Joele Frank, Wilkinson Brimmer Katcher Andy Brimmer / Matthew Sherman / Jed Repko 212-355-4449. Learn about the technology and alliance partners in our Social Media Protection Partner program. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Keep up with the latest news and happenings in the ever‑evolving cybersecurity landscape. Amazing Product, Gartner Leader, over $1bn ARR. What is going to happen is that they will lay off a bunch of people to 'optimize' the business and load the company with debt. Over the past 20 years, the firm has acquired more than 300 companies representing over $85 billion in enterprise value. About Thoma Bravo. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. Thoma Bravo is a second tier private equity firm. PROOFPOINT: Thoma Bravo Completes Acquisition of Proofpoint (Form 8-K) PU. The firm has offices in Chicago, Miami and San Francisco. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. Proofpoint, Inc. , a leading cybersecurity and compliance company, announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a le Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. This communication contains âforward-looking statementsâ within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Firmly rooted in the International Political Economy (IPE) tradition, this book addresses the negative consequences of globalisation, what is termed here the ‘dark side of globalisation’. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. Reduce risk, control costs and improve data visibility to ensure compliance. The acquisition was previously announced on April 26, 2021, and Proofpoint's . You may obtain free copies of these documents using the sources indicated above. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. All rights reserved. Proofpoint, Inc. (NASDAQ: PFPT) is a leading cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. Terms and conditions The go-shop period expires on June 9, 2021. The acquisition was previously announced on April 26, 2021, and . Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. The cybersecurity company Proofpoint said it has agreed to be acquired by the private -equity firm Thoma Bravo for $12.3 billion in cash, or about $176 a share, up about 34% from Friday's . Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Find the information you're looking for in our library of videos, data sheets, white papers and more. There can be no assurance that this “go-shop” will result in a superior proposal, and Proofpoint does not intend to disclose developments with respect to the solicitation process unless and until it determines such disclosure is appropriate or otherwise required. Under the terms of the definitive agreement, Proofpoint shareholders will receive $176 per share in cash, in an all . This book is an ideal introduction to the importance of technology in the marketplace. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. Mergers and acquisitions. Proofpoint announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction that values Proofpoint at approximately $12.3 billion.. This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We look forward to partnering with the talented Proofpoint team and leveraging Thoma Bravo’s significant security and operational expertise to help accelerate the Company’s growth.”. Private equity firm Thoma Bravo has built up its cyber security portfolio through purchasing Proofpoint for about US$12.3 billion. Proofpoint ( PFPT) stock rose on Monday after announcing 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. More M&A activity is underway in the red-hot field of cybersecurity. Sitemap, Proofpoint Enters Definitive Agreement to be Acquired by Thoma Bravo in $12.3 Billion Transaction, North Korean Hacking Group Targets Diplomats, Forgoes Malware, State-sponsored North Korean hackers responsible for blitz of attacks in 2021, North Korea ramped up hacking attempts in 2021: Report, North Korean cybercriminal group ‘TA406’ escalates attacks through 2021, EMOTET RETURNS AFTER LAW ENFORCEMENT DISRUPTION, Simulated Phishing and Knowledge Assessments, Managed Services for Security Awareness Training, Managed Services for Information Protection. Private equity firm Thoma Bravo bolstered its growing roster of workplace solution providers last week with the acquisition of cybersecurity and compliance . Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. In Choose Possibility, she brings that same energy, passion and candor to helping everyone unlock their own career potential.' Eric Schmidt, Former Chairman & CEO Google 'A fresh and relevant voice on the ups and downs of entrepreneurship. Reduce risk, control costs and improve data visibility to ensure compliance. 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 . SAN FRANCISCO and REDWOOD CITY, Calif. and SURESNES, France — Thoma Bravo, a leading software investment firm, today announced the completion of its acquisition of Talend, a leader in data integration and data integrity, in an all-cash transaction that valued Talend at approximately $2.4 billion. The announcement that Thoma Bravo is acquiring publicly traded Proofpoint for $12.3 billion is the latest and largest private equity deal in the cybersecurity industry.. As a rule, I am not a fan of financial shenanigans. Proofpoint. Proofpoint, Inc. (NASDAQ: PFPT) — a leading cybersecurity and compliance company — 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 . Get real-time insight into threats that can cause data loss and brand damage. We determined this premium, all-cash offer and partnership would create immediate and certain value for shareholders and help us achieve our operational and market ambitions more quickly for the benefit of our customers. Anyone have any insight on a thoma bravo company and if everyone is about to jump ship?? Learn about our global consulting and services partners that deliver fully managed and integrated solutions. Media Moms & Digital Dads offers parents reassuring and fact-based guidance on how best to manage screens and media for their children. Gary Steele, Chairman and CEO of Proofpoint, said, “On behalf of the Proofpoint Board of Directors, I would like to thank our stockholders for their support of this transaction. Deliver Proofpoint solutions to your customers and grow your business. The software-based buyout firm Thoma Bravo announced on Monday that it is ready to acquire Proofpoint Inc which is a cybersecurity and compliance firm in a deal was valued at $12.3 billion. (408) 585-4351. Proofpoint announced that Thoma Bravo will be acquiring it for $176 per share, a 34% premium to the prior day's closing price. Learn about the human side of cybersecurity. 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 staying ahead of threat actors. These forward-looking statements are based on Proofpoint s current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, its business and industry, management s beliefs and certain assumptions made by Proofpoint and Thoma Bravo, all of which are subject to change. Protect against email, mobile, social and desktop threats. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) — Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Proofpoint, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as its legal counsel. Private equity firm Thoma Bravo is acquiring cybersecurity and compliance startup Proofpoint in an all-cash $12.3 billion deal. Learn about the human side of cybersecurity. 0 17. Episodes feature insights from experts and executives. Takeaways. All other trademarks contained herein are the property of their respective owners. Defend against threats, ensure business continuity, and implement email policies. Proofpoint stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the proposed transaction, including the interests of Proofpoint directors and executive officers in the transaction, which may be different than those of Proofpoint stockholders generally, by reading the Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the transaction. Read how Proofpoint customers around the globe solve their most pressing cybersecurity challenges. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion . With this book, you will: Understand why cloud native infrastructure is necessary to effectively run cloud native applications Use guidelines to decide when—and if—your business should adopt cloud native practices Learn patterns for ... This book is designed for the help who love to repair any type of mobile phones at home without go to the shop or service centres. they are not have to spend a lot of money for repair your favorite phone. The firm has offices in San Francisco and Chicago, with a planned expansion to Miami in the second half of 2021. To defend against attackers, you must think like them. As a leader of ethical hackers, Ted Harrington helps the world's foremost companies secure their technology. Hackable teaches you exactly how. These and other forward-looking statements, including the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Proofpoint Enters Definitive Agreement to be Acquired by Thoma Bravo in $12.3 Billion Transaction Proofpoint Shareholders to Receive $176.00 Per Share in Cash Announces First Quarter Fiscal Year . Transaction with Thoma Bravo. “As the sophistication of cyberattacks continues to increase, Proofpoint is delivering the most effective solutions to help organizations protect their data and people across digital platforms. Proofpoint, Inc., a leading cybersecurity and compliance company, 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. Upon closing of the transaction, Proofpoint’s common stock will no longer be listed on any public market. Proofpoint does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. While the list of factors presented here is, and the list of factors presented in the proxy statement is, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Proofpoint, Inc. investor-relations@proofpoint.com. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. Become a channel partner. Learn about our global consulting and services partners that deliver fully managed and integrated solutions. What is the future of work? The book also includes The Future of Work Prize competition, where the following twenty thought leaders in the world of work wrote essays on their vision of the world in 2040. The acquisition was previously announced on March 10, 2021, and Thoma Bravo announced the . Today’s cyber attacks target people. Defend against threats, ensure business continuity, and implement email policies. The following communication was made available by Proofpoint, Inc. on LinkedIn on April 26, 2021. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) — Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. Learn about the human side of cybersecurity. The acquisition was previously announced on April 26, 2021, and Proofpointâs stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. Thoma Bravo's Miami-based employees have already begun working from a temporary office space. Connect with us at events to learn how to protect your people and data from ever‑evolving threats. The final voting results will be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission early next week, after certification by Proofpoint’s inspector of elections. Proofpoint Inc. filed a definitive merger agreement with the SEC late yesterday, Tuesday, April 27, reflecting the company's agreement with Thoma Bravo pursuant to which the private equity firm will acquire the. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) - Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Find the information you're looking for in our library of videos, data sheets, white papers and more. KnowBe4 goes public. REGULATORY DISCLOSURES Financing for the transaction is being provided by Goldman Sachs & Co. LLC. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions, including approval by Proofpoint shareholders and receipt of regulatory approvals. Proofpoint Stockholders Approve Acquisition by Thoma Bravo. At close of the acquisition, the company will be owned by private equity firm Thoma Bravo. Small Business Solutions for channel partners and MSPs. Protect from data loss by negligent, compromised, and malicious users. Bookmark. Mitchell previously was a Partner in Golder, Thoma, Cressey, Rauner (GTCR) and, before that, the president and CEO of The Field Corporation and its predecessor, Field Enterprises, Inc., which owned and operated businesses in newspaper and educational publishing (including the . “We have made tremendous strides in expanding the sophistication and scale of our offerings, and in 2020 we generated more than $1 billion in annual revenue – making Proofpoint the first SaaS-based cybersecurity and compliance company to reach that milestone. In The Zero-Cost Mission, India's relations with Bangladesh are undermined by the activities of the Jamaat-e-Islami, whose camps and facilities are being used to help Pakistan's Inter-Services Intelligence, which sends its agents to carry ... Proofpoint’s opportunity as a privately held company is incredibly compelling, and we look forward to working closely with them to drive continued business growth and deliver world-class advanced threat protection to even more customers in even more ways.”, “Proofpoint has established itself as a true powerhouse in the cybersecurity sector due to its innovative suite of market-leading products and impressive customer base of leading companies around the world,” said Chip Virnig, a Partner at Thoma Bravo. About Thoma Bravo Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Just last week Thoma Bravo completed its . SUNNYVALE and SAN FRANCISCO, Calif., August 31, 2021 - Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. Protect your people from email and cloud threats with an intelligent and holistic approach, Help your employees identify, resist and report attacks before the damage is done, Prevent data loss via negligent, compromised and malicious insiders by correlating content, behavior and threats, Manage risk and data retention needs with a modern compliance and archiving solution, Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk, Implement the very best security and compliance solution for your Microsoft 365 collaboration suite, Secure access to corporate resources and ensure business continuity for your remote workers. SUNNYVALE and SAN FRANCISCO, Calif., August 31, 2021 â Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. (âProofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravoâs acquisition of Proofpoint for approximately $12.3 billion in cash. The Board will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. Learn about the benefits of becoming a Proofpoint Extraction Partner. These forward-looking statements are based on Proofpointâs current expectations, estimates and projections about the potential benefits of the transaction, its business and industry, managementâs beliefs and certain assumptions made by Proofpoint and Thoma Bravo, all of which are subject to change.
Importance Of Consumer Behaviour In Marketing, Can Physical Therapists Manipulate The Spine, Home And School Connection Resources For Educators, Premier Parking Knoxville, Mndsgn Lodge Room Tickets, Health + Write For Us + Guest Post,