Proofpoint agreed to acquire Meta Networks for $120m.

Proofpoint, a leading next-generation cybersecurity and compliance company, agreed to acquire Meta Networks, an innovator in zero trust network access, for $120m. With this acquisition, Proofpoint will strengthen its cloud-based architecture and people-centric security platform, enabling customers to better protect their people and the applications and data they access beyond the traditional perimeter. The agreement is subject to customary closing conditions and is expected to close in the second quarter of 2019. “As cyber attacks primarily target people, and organizations continue to move their infrastructure to the cloud, the compromise of a single user all too often leads to a full enterprise breach. Limiting employee and contractor access to only authorized resources, rather than the entire corporate network, is a critical control in a people-centric security model,” said Proofpoint CEO Gary Steele. “By combining Meta Networks’ innovative zero trust network access technology with our people-centric security capabilities, Proofpoint will make it far simpler for enterprises to precisely control employee and contractor access to on-premises, cloud, and consumer applications. We are thrilled to welcome Meta Networks employees to the Proofpoint team.”