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Proofpoint provides cloud-based solutions for threat protection, compliance, governance, and secure communication. Our SaaS and on-premises email security, email archiving and data loss prevention solutions help enterprises defend against inbound threats such as spam and viruses, prevent leaks of confidential and private information, archive email and encrypt sensitive emails.
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Proofpoint acquires insider threat intelligence firm ObserveIT in $225 million deal

  • ZDNet
  • 7 months ago

Proofpoint has acquired threat management provider ObserveIT in a deal aimed at bolstering the firm's enterprise cybersecurity portfolio. On Saturday, the Sunnyvale, Calif.-based company said the purchase has been made for $225 million in an all-cash agreement. Founded in 2006, ObserveIT specializes in endpoint security and insider threat detection.

Catering for 1,900 customers in 87 countries, ObserveIT provides solutions for real-time enterprise network management, alerts when suspicious behavior is detected, and also assists firms in cybersecurity-related legal compliance. Boston, Mass.-based ObserveIT has raised $53 million to date. Previous investors include Bain Capital Partners.

The transaction is expected to close in Q4 2019, subject to regulatory approval.

Proofpoint acquires insider threat intelligence firm ObserveIT in $225 million deal

Nikko Lee

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Software Engineer with expertise in all aspects of the software development life cycle, including requirements analysis, design, development and support.

Ali Rezafard

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Hands on engineering manager with ability to inspire and direct. Love to build innovative products by enabling and supporting people in my team.

Kristy Campbell

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Total raised

$59M

Funded over

5 rounds

Latest round

IPO (Apr 2012)