Enterprise cybersecurity big Proofpoint introduced on Thursday that it’s buying Germany-based Hornetsecurity, an organization specializing in Microsoft 365 safety options.
Monetary phrases of the deal haven’t been formally disclosed, however CNBC reported that Proofpoint is buying the European competitor for $1 billion. SecurityWeek has requested Proofpoint for affirmation on the quantity, however the firm didn’t instantly reply.
SecurityWeek has realized that exterior sources near the matter speculate that the deal measurement nicely exceeds $1 billion.
Hornetsecurity gives Microsoft 365 safety, electronic mail safety, information safety, compliance, and safety consciousness options.
The corporate claims to have a global distribution community that features over 12,000 MSPs and channel companions, by way of which its options have reached greater than 125,000 clients.
Proofpoint stated the acquisition of Hornetsecurity permits it to spice up human-centric safety capabilities, notably for SMBs. The corporate gives electronic mail safety, person safety, impersonation safety, enterprise information loss prevention, insider risk administration, information safety posture administration (DSPM), and safety consciousness merchandise.
The safety big additionally identified that Hornetsecurity brings in an annual recurring income (ARR) of greater than $160 million.
Proofpoint introduced a number of acquisitions lately. In 2022, it purchased Illusive Networks, a startup that created deception expertise for detecting information breaches, and Dathena, a Singapore-based firm that specialised in information safety.Commercial. Scroll to proceed studying.
In 2023 it acquired Tessian to spice up its capacity to detect and block dangerous person behaviors, and in 2024 it acquired DSPM firm Normalyze.
An evaluation carried out by SecurityWeek confirmed {that a} complete of greater than 400 cybersecurity-related mergers and acquisitions have been introduced in 2024.
*up to date with info on deal measurement estimation
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