Mergers and Acquisitions

Proofpoint to acquire Hornetsecurity for over $1 billion

Posted on by Admin
Proofpoint to acquire Hornetsecurity for over billion

Proofpoint has entered into an agreement to acquire Hornetsecurity Group, a Germany-based provider of Microsoft 365 security services, in a deal reportedly valued at more than $1 billion. The acquisition, described as the largest in Proofpoint’s history, comes amid accelerating consolidation in the cybersecurity industry as companies seek to broaden their offerings to enterprise customers of all sizes. While Proofpoint did not disclose terms, CNBC reports the deal is “well over” $1 billion.  Hornetsecurity, headquartered…

Read More

Proofpoint CEO On ‘Monumental’ Hornetsecurity Deal, MSP Growth In US

Posted on by Admin
Proofpoint CEO On ‘Monumental’ Hornetsecurity Deal, MSP Growth In US

With the acquisition deal positioning Proofpoint for major growth with MSPs and SMBs in the U.S. market, ‘this is a big strategic leap forward for us,’ Proofpoint CEO Sumit Dhawan tells CRN. Proofpoint’s planned acquisition of Hornetsecurity positions the company for massive growth with MSPs and SMBs in the U.S. market, representing a “big strategic leap forward” for the cybersecurity vendor beyond the enterprise, Proofpoint CEO Sumit Dhawan told CRN. Hornetsecurity specializes in security for…

Read More

Cybersecurity firm Proofpoint to buy European rival for over $1 billion as it eyes IPO

Posted on by Admin
Cybersecurity firm Proofpoint to buy European rival for over billion as it eyes IPO

Pavlo Gonchar | Lightrocket | Getty Images Cybersecurity firm Proofpoint is acquiring European rival Hornetsecurity for north of $1 billion to strengthen its European presence as it explores a return to public markets. The deal marks the single largest acquisition in Proofpoint’s history. The cybersecurity industry has seen heightened consolidation in recent months, with companies snapping up smaller competitors to bolster their offerings in an era of AI-fueled cybercrime. In March, Google announced a deal to acquire…

Read More

Google Acquires Startup Wiz for $32B to 'Turbocharge Improved Cloud Security’

Posted on by Admin
Google Acquires Startup Wiz for B to 'Turbocharge Improved Cloud Security’

Image: Wiz Google has announced it is acquiring cybersecurity startup Wiz for $32 billion. The acquisition is parent company Alphabet’s largest to date, more than doubling its previous record-breaking $12.5 billion purchase of Motorola Mobility in 2012. The company appears to have pursued this deal aggressively due to the growing demand for secure cloud services. The surge in generative AI has prompted tech companies to rush for cloud infrastructure, while major security incidents, such as…

Read More

Proofpoint To Acquire Email Security Company Tessian | CRN

Posted on by Admin
Proofpoint To Acquire Email Security Company Tessian | CRN

Security News Kyle Alspach October 30, 2023, 12:05 PM EDT The AI-driven email security platform from Tessian is now set to become part of Proofpoint’s email data loss prevention offering. Proofpoint has reached an agreement to acquire email security company Tessian, the company said Monday. Tessian’s AI-driven email security platform is now set to become part of Proofpoint’s email data loss prevention (DLP) offering. [Related: Cybersecurity Startup Acquisitions In…

Read More