Announced
Financials
Tags
Software
Private
Single Bidder
Friendly
Acquisition
United States
insider threat management
Pending
software development
Majority
Synopsis
Proofpoint, an enterprise security company based in Sunnyvale, California, agreed to acquire ObserveIT, an Insider Threat Management software company, for $225m. Closing of the transaction is expected to occur late in the fourth quarter of 2019, and is subject to customary closing conditions, including Hart-Scott-Rodino merger review, and any other required regulatory approvals. “Today’s ObserveIT acquisition underscores Proofpoint’s commitment to providing organizations with people-centric cybersecurity and compliance solutions that protect what matters: their people and the data they have access to, in a post-perimeter, cloud-first world,” Gary Steele, Proofpoint Chairman of the Board and CEO.
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