thoma bravo proofpoint layoffs

San Francisco, CA 94105 +1 (415) 263-3660. The cuts amount to less than 1% of Citigroup's . Save my name, email, and website in this browser for the next time I comment. It had 281 employees at the time, and was down 50 by the close of 2020. Last year alone saw 72 acquisitions by private equity. They will do all they can to not pay. Become a channel partner. Anaplan, Go to company page It's a bad time. An inside view of ConnectWises reduction in force from msp, When asked whether more layoffs were coming, Jason said that without Covid the My company is a Thoma Bravo deal as well and your description of those , https://www.cnbc.com/2021/04/26/thoma-bravo-purchase-of-proofpoint-marks-top-private-equity-cloud-deal.html, Apr 26, 2021 Proofpoint shares surged 31% on Monday after private equity firm Thoma Bravo agreed to buy the security software vendor in a deal valued at , Buyout firm Thoma Bravo builds war chest for software companies, Thoma Bravos transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations , https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint. Thoma bravo has recently acquired proofpoint. post regarding Riverbed , 10 Things To Know About The Thoma Bravo-Proofpoint Deal , thoma bravo proofpoint layoffs Superprecast |, Email Cybersecurity Firm Abnormal Hits Unicorn Status After , thoma bravo proofpoint layoffs Revista TusXV.com, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Thoma Bravo purchase of Proofpoint marks top private equity , Buyout firm Thoma Bravo builds war chest for software , Thoma Bravo Completes Acquisition of Proofpoint, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. The all-cash deal will take Proofpoint off the stock market and make it a . Thoma Bravo recently purchased SailPoint for a second time for $6.9 billion. All other trademarks contained herein are the property of their respective owners. Thoma Bravo recently acquired Realpage and more than 10% was laid off during the 1st round, a 2nd round just laid off 600 more people. Thoma Bravo has agreed to spend around $12.3 billion on the acquisition. As a rule, I am not a fan of financial shenanigans. Proofpoint Announces CFO Transition. For more information, visit thomabravo.com. However , https://www.proofpoint.com/us/blog/insider-threat-management/great-resignation-increasing-risk-data-loss-what-you-can-do-stop-it, Jun 28, 2022 And even as employees in the tech sector are affected by recent layoffs , the implication is the same: employee turnover puts sensitive data , https://news.crunchbase.com/cybersecurity/cybersecurity-abnormal-unicorn-proofpoint-insight-partners/, May 10, 2022 Proofpoint was founded as an email security solution, and while it added additional capabilities through the years it was still closely , https://www.indeed.com/cmp/Proofpoint/reviews. In 2017 it acquired Skyfence, a cloud access security broker (CASB) product from Imperva. Learn about our unique people-centric approach to protection. Im extremely grateful to our team members whose dedication and hard work have contributed to Proofpoints success and made this possible and, together, I know well deliver even more innovative solutions for our customers., We are thrilled to officially embark on our partnership with Proofpoint and begin supporting Proofpoints ongoing mission of protecting organizations from the ever-increasing threat of cyberattacks, said Seth Boro, a Managing Partner at Thoma Bravo. Upon completion of the acquisition, Proofpoint stockholders were entitled to receive $176.00 in cash for each share of Proofpoint common stock they own. About Thoma BravoThoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. He has held leadership roles at PwC, Webroot Software, Fortinet, and Blancco Technology Group. Last year, it bought ProofPoint for $12.3 billion. There were even cuts at the C suite, so I dont think any role is safe post acquisition. The announcement that Thoma Bravo is acquiring publicly traded Proofpoint for $12.3 billion is the latest and largest private equity deal in the cybersecurity industry. Market Realist is a registered trademark. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. The acquisition of Proofpoint by private equity firm Thoma Bravo is reaping rewards for the security provider's partners. Thoma Bravo, the private equity firm that completed the acquisition in March, had other plans as reported at IBL News on January 26th [emphasis in original]. Any time a private equity firm purchases a company in full, changes may occur. See Also . Finally, on July 15, 2020, the two parties came to an agreement with a new deal worth about $1.67 billion. He researches and reports on 2,615 IT security vendors. Citigroup Inc. is cutting hundreds of jobs across the company, with the Wall Street giant's investment banking division among those affected. Sometimes, CEO and other executive replacements occur. . 51 reviews from Proofpoint employees about Proofpoint culture, salaries, benefits, work-life balance, management, job security, and more. Proofpoint was founded as an email security solution, , https://tusxv.com/7zup1o8/thoma-bravo-proofpoint-layoffs. Proofpoint after Thoma Bravo acquisition - Blind How is proofpoint doing after the acquisition in terms of:CompensationWLBCompany cultureAttritionLayoffsTB leadership and managementDo you guys still fear of layoffs?#tech #software #layoffs #thomabravo#anaplan Main menu Contents Want to see the real deal? PING stock, which went public in September 2019, had lost 11.19 percent of its total value by the end of July. About Proofpoint, Inc.Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. Prevent data loss via negligent, compromised and malicious insiders by correlating content, behavior and threats. https://www.crn.com/slide-shows/security/10-things-to-know-about-the-thoma-bravo-proofpoint-deal-and-stock-hike, Apr 26, 2021 Heres a look at the fallout of Thoma Bravos record-breaking acquisition of Proofpoint , including why this deal is likely to kick off a , Mimecast Rejects Thoma Bravo, Proofpoint Buyout Offer: Report, Jan 14, 2022 Mimecast rejected Proofpoint /Thoma Bravo buyout offer because of potential The company confirmed targeted layoffs in February 2021, , https://www.theinformation.com/articles/musk-s-super-bad-feeling-an-amazon-exec-ships-out. Gary Steele, chairman and CEO of Proofpoint, said in a press release . U.S. private equity giant Thoma Bravo is acquiring SailPoint in an all-cash deal worth about $6.9 billion, the cybersecurity company announced Monday. . Meanwhile, Finjan Holdings maintained ownership of Finjans patent portfolio. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Sophos, Go to company page Thoma Bravo is a private equity firm with a focus on investing in software and technology companies. Shargo: Not completely random, but reasonable behind the decided price for the equity isnt perfect. But attrition has been all time high, and then they put hiring freeze. With a market capitalization of $7.5 billion, it was trading at a bit over 7x revenue. Jun 3, 2022 Elon Musk says Tesla will lay off 10% of its salaried employees. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. This is especially true if the buyout occurs in light of poor stock or company performance. Learn about our global consulting and services partners that deliver fully managed and integrated solutions. Thoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. I was also worried after reading about Thoma Bravo history with what they did with some of the companies they bought. Proofpoint also disclosed Q1 2021 financial results today. Lost some good folk as part of restructuring and some parts of the biz now stretched, but margins are now great and the company has a really positive culture and is growing in the right places. As of Dec. 31, 2018, Ellie Mae had about 1,570 employees . Andy MacMillan, CEO, UserTesting, poses for a portrait at the UserTesting headquarters in San Francisco, California on . At face value, fair enough. Its business model seems to be to engage in lawsuits against other security technology companies, forcing them to pay licensing fees. This list of organizations invested in by Thoma Bravo provides data on their funding history, investment activities, and acquisition trends. The cybersecurity and compliance firm Proofpoint has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction which values the. Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Proofpoint / Medallia outcome of Thoma bravo purchase Blind, The Great Resignation is Increasing the Risk of Data Loss, Email Cybersecurity Firm Abnormal Hits Unicorn Status After , Working at Proofpoint: 51 Reviews | Indeed.com, Cost cutting, layoffs remain leading startup themes TechCrunch, 10 Things To Know About The Thoma Bravo-Proofpoint Deal , Musks Super-Bad Feeling; an Amazon Exec Ships Out, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Layoffs : Downsizing related discussion, postings, questions and answers. Customers end up The private equity . The company is well-run, making wise strategic investments in new technologies to stay relevant and growing nicely year over year. How did you guys do in terms of sale. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. We hit a 150+% bonus payout last year which was pretty nice. This communication contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. He was a Research VP at Gartner. Other times, its layoffs. It also acquired SurfControl and Defensio. True to Insights past performance with Recorded Future, they have continued to invest and grow Armis, which had 372 employees at the end of 2020, a 41% growth rate. Can I Be Laid Off While On Workers Compensation? That number dropped to 1,007 by the end of the year. How was the transition, where there a lot of layoffs?How did they compensate the employees? Was given phantom equity grant that vests at liquidity eventall employees could also join a co-invest program to buy equity on the same terms as TB. Proofpoint Announces CFO Transition. Disarm BEC, phishing, ransomware, supply chain threats and more. These risks, as well as other risks associated with the transaction, are more fully discussed in the proxy statement filed with the U.S. Securities and Exchange Commission in connection with the transaction. The deal, announced Feb. 6, 2020, was valued at $1.9 billion. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. Save my name, email, and website in this browser for the next time I comment. Learn about our relationships with industry-leading firms to help protect your people, data and brand. After the pandemic hit, Advent got cold feet and tried to back out of the deal. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. The company said this. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Learn about the benefits of becoming a Proofpoint Extraction Partner. AI-powered phishing: Chatbot hazard or hot air? CEO left because of frustrations with TB folks, talks of cost cuts, not laying off yet, but TB history got former CEO worried. Splunk, Go to company page 3D asset visualization and management platform startup Hexa raises $20.5M - SiliconANGLE,3D asset visualization and management platform startup Hexa today announced it has raised $20.5 million in new funding to support further expansion.Based in Israel, Hexa, incorporated as Fitix Vi Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. The all-cash deal will take Ping from public to private. (Bloomberg) -- Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint Inc. in a deal it said values the business at about $12.3 billion.The private equity firm is offering $176 per share in cash, representing a 34% premium to Proofpoint's Friday closing price, according to a statement Monday. The US buyout. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and. Dec 6, 2021 Thoma Bravo's deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low Related Thoma Bravo Proofpoint Layoffs July 24, 2022 In "T Layoffs" Thoma Bravo Realpage Layoffs October 1, 2022 In "T Layoffs" Thoma Bravo Layoffs October 12, 2022 In "T Layoffs" Meanwhile, the Permira-Mimecast deal is expected to close in the first half of 2022. https://www.teamblind.com/post/Proofpoint-Medallia-outcome-of-Thoma-bravo-purchase-YdfZ7Lkk, Mar 22, 2022 Fortunately, no layoffs , no reduction in force as of now. WhiteSource, an o pen source security firm, has acquired Diffend, an innovative software supply chain security service. My TC is on par with what I could make at FAANG at 1.5 YOE in MCOL, but that's due to joining before the acquisition and my equity skyrocketing plus promotions. Monthly WordPress Security Roundup [April 2021], US Marshals Ransomware Hack is Major Incident, Orca Security Adds Data Security Capabilities to Cloud Platform, Top 10 Open Source Software Risks of 2023, NIST Shores Up CSF 2.0 With Supply Chain, Governance Reforms, White House Bans TikTok on Federal Devices, Multi-Year Spearphishing Campaign Targets the Maritime Industry Likely for Financial Gain, GitHub Restore and Disaster Recovery Better Get Ready, Bizarre DNS Hacks For Fun And, Um, Fun. February 22, 2023 Portfolio; PDFTron Rebrands as Apryse, Reflecting Expanded Product Offerings and Commitment to Innovation. Reduce risk, control costs and improve data visibility to ensure compliance. Thoma Bravo used $675 million in cash and raised $1.8 billion in debt to buy Compuware and then split off Dynatrace as a separate company. Its terrible. They recently acquired Continuum Managed Solutions and fired 150 people within a week in a mere 2 hours without specifying any , https://www.quora.com/My-company-has-been-acquired-by-Thoma-Bravo-Should-I-consider-changing-my-job, Sep 6, 2018 After an acquisition , how long before severance packages are offered due to layoffs /downsizing? Eng, Compensation has been poor, attrition is sky high, wlb is non existent. "We are excited . With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Marketing is drastically , Thoma Bravo recently acquired Realpage and more than 10% was laid off during the 1st round, a 2nd round just laid off 600 more people. Akamai Technologies, Go to company page Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. Financial policies are expected to be aggressive as highlighted by the high leverage at closing and significant restructuring plans. It was formed when Raytheon, the defense contractor, attempted to move into the cybersecurity realm by acquiring Websense. Publicly traded Finjan was acquired by an investment group in a deal valued at $43.9 million, announced in June 2020. How was the transition, where there a lot of layoffs?How did they compensate the employees? Thoma Bravo is a leading private equity firm that focuses on software and technology. However, our CEO will be leaving in April 2022 on his own, which is bad for us. Thoma Bravo Lacks Options with Proofpoint, Apr 28, 2021 Employees are faced with layoffs , years of stalled product innovation and the imposition of cost-saving measures. All rights reserved. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Some notable deals: Armis, one of the biggest IoT security vendors, had 263 employees when Insight Partners acquired them for a reported $1.1 billion valuation. Should I , Thoma Bravo Lacks Options with Proofpoint Security Boulevard, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Buyout firm Thoma Bravo goes from niche to big league, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Implement the very best security and compliance solution for your Microsoft 365 collaboration suite. Get deeper insight with on-call, personalized assistance from our expert team. Thoma Bravo already acquired Proofpoint for $12.3 billion in April 2021. This is followed by high rates of attrition by disrespecting the talented staff that stay and moving any new engineering jobs to offshore vendors. More information is available at www.proofpoint.com. Thoma Bravo Lacks Options with Proofpoint, Apr 28, 2021 Employees are faced with layoffs , years of stalled product innovation and the imposition of cost-saving measures. The proceeds along with sponsor equity from Thoma Bravo will be used for Thoma Bravo's acquisition of . It went public in 2000. Compare that to Crowdstrike, which is trading at 50x 2020 revenue, and Zscaler trading at 60x. Energized to find a new job after yours gets sent offshore is more accurate. Proofpoint common stock has ceased trading and is no longer listed on the Nasdaq stock exchange. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Proofpoint announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction that values Proofpoint at approximately $12.3 billion.. The only path forward I can see is for Thoma Bravo to clean up a few things and repackage Proofpoint for a sale to Microsoft. SUNNYVALE, Calif. and SAN FRANCISCO Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. I feel bad for the people. How were *unvested* RSUs handled? The acquisition values Proofpoint at $12.3 billion, or ~8.7x 2022 . Thoma Bravo is considered the successor to previously existing firm Golder Thoma & Co. Other executives likely hold a substantial stake in the firm, which maintains $70 billion in assets under management. . Andy Brimmer / Matthew Sherman / Jed Repko, 2023. The acquisition was previously announced on April 26, 2021, and Proofpoints stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. Proofpoint announced that Thoma Bravo will be acquiring it for $176 per share, a 34% premium to the prior day's closing price. investor-relations@proofpoint.com (408) 585-4351. Is the Market for Hardware Security Appliances Doomed? That's the current leader for largest cybersecurity acquisition of all time. Sep 3, 2021 3 1. Read the latest press releases, news stories and media highlights about Proofpoint. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, could, seek, see, will, may, would, might, potentially, estimate, continue, expect, target, similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and. The announcement comes four days after Thoma Bravo closed its prior top cloud. There was a big culture change that did come with a focus on just saving money everywhere. Verkada, Go to company page #tech #acquisition #proofpoint #medallia #anaplan #thomabravo, Go to company page Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. It was then called Raytheon|Websense. Secure access to corporate resources and ensure business continuity for your remote workers. Help your employees identify, resist and report attacks before the damage is done. Proofpoint Engaged Employer Overview 767 Reviews 160 Jobs 868 Salaries 249 Interviews 272 Benefits 37 Photos 268 Diversity + Add a Review Proofpoint Reviews Updated Feb 28, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 700 of over 768 Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Oldest First Finjan has a storied past. Thoma Bravo said it's buying security software vendor Proofpoint in a deal valued at $12.3 billion. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. We are hiring..no stopping that..lets see what TB says when mgmt meets with them later this week. Thoma Bravo is n van de grootste software-investeerders ter wereld, met meer dan $120 miljard aan beheerd vermogen (per 30 september 2022). Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? Based on prior public filings, the company eliminated approximately 160 positions. The announcement that Thoma Bravo is acquiring publicly traded Proofpoint for $12.3 billion is the latest and largest private equity deal in the cybersecurity industry. Proofpoint common stock has ceased trading and is no longer listed on the Nasdaq stock exchange. Save my name, email, and website in this browser for the next time I comment. Any layoffs happened ? The firm has offices in Chicago, Miami and San Francisco. AnswerThePublic listens into autocomplete data from search engines like Google then quickly cranks out every useful phrase and question people are asking around thoma bravo on 02 Feb. It's a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. In early August, Thoma Bravo finalized a deal to buy enterprise identity management company Ping Identity for $2.8 billion. Former Profit 21 (now Epicor) CEO Chuck Boyle said about the firm after his own acquisition, Orlando would help not only at the highest level with strategy but also when we got grunt work done. Boyle is no longer the CEO. Russia-Ukraine War: Cybersecurity Lessons for Tech Pros, Proofpoints 2023 State of the Phish Report: Threat Actors Double Down on Emerging and Tried-and-Tested Tactics to Outwit Employees, Proofpoint Offers More Simplicity with New Element Partner Program, Intelligent Classification and Protection, Managed Services for Security Awareness Training, Managed Services for Information Protection. Proofpoint's board has unanimously approved . You have time but change will come within 1-2 years. It started with the astounding acquisition of Recorded Future by Insight Partners for $780 million in 2019. Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. Thoma Bravo always does a 15-20% RIF a few months after the deal closes. When private equity shows up to a deal, it usually spells disaster for everyone but the investors. Founded in 1997 in Israel with technology that could be used to counter modern viruses (so-called polymorphic) and DRM technology, it pivoted several times and was ultimately acquired by M86 Security in 2009. We are under hiring pause till end of q1 23. The all-cash deal will take Ping from public to private. Private equity firm Thoma Bravo is acquiring cybersecurity and compliance startup Proofpoint in an all-cash $12.3 billion deal. The Rating Outlook is Stable. A number of project managers lost their jobs as well. Proofpoint UltimatePP you think proofpoint is doing good under Thoma Bravo? https://www.ft.com/content/456f2fd7-f868-4ea6-abd7-fce34e783333, Dec 6, 2021 Thoma Bravos deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low . The company's key investments include Barracuda Networks and Sophos, among many other firms. Offers may be subject to change without notice. How did they handle unvested stock at acquisition? Marketing is drastically . Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. I recorded them in Security Yearbook 2021. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. We are looking forward to working closely with Gary and the Proofpoint team to leverage Thoma Bravos deep cybersecurity expertise to help propel the companys continued innovation and growth. Still other times, the firm who purchased the company may turn around and sell it again. Under the . Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). Often, the company is saddled with debt to finance the deal. Raytheon paid $1.9 billion for an 80% stake in Websense in April 2015. Deliver Proofpoint solutions to your customers and grow your business. - Blind Hello to people who were part of the companies that Thoma Bravo acquired. Proofpoint Chicago-based private equity firm Thoma Bravo makes a business out of buying companies but what does it mean for acquired brands after the deal gets finalized? Websense was one of the first content URL filtering products. Revenue was $287.8 million, up 15 percent compared to Q1 of 2020. These forward-looking statements are based on Proofpoints current expectations, estimates and projections about the potential benefits of the transaction, its business and industry, managements beliefs and certain assumptions made by Proofpoint and Thoma Bravo, all of which are subject to change. Access the full range of Proofpoint support services. Hello to people who were part of the companies that Thoma Bravo acquired. The Fidelis Elevate platform provides security analytics, and is being marketed as an XDR product. February . Special Meeting of Stockholders to Vote on Pending Acquisition by Thoma Bravo to be Scheduled for Later DateSUNNYVALE, Calif., June 14, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ: PFPT), a . . Proofpoint 2023 State of the Phish-rapport . Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in 100 full-time employees losing their jobs. Thoma Bravo, a private equity firm, has agreed to purchase Proofpoint for $12.3 billion in the biggest cybersecurity acquisition of all time.

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