M&A Deal Summary

Proofpoint Acquires InteliSecure

On February 22, 2021, Proofpoint acquired information technology company InteliSecure from Frontier Growth for 63M USD

Acquisition Highlights
  • This is Proofpoint’s 4th transaction in the Information Technology sector.
  • This is Proofpoint’s 4th largest (disclosed) transaction.
  • This is Proofpoint’s 18th transaction in the United States.
  • This is Proofpoint’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-02-22
Target InteliSecure
Sector Information Technology
Buyer(s) Proofpoint
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition
Deal Value 63M USD

Target

InteliSecure

Greenwood Village, Colorado, United States
InteliSecure, Inc. is an IT managed security service provider (MSSP). With a focus on data loss prevention (DLP), the company provides global 24/7 managed security services for organizations looking to protect business-critical information. InteliSecure was founded in 2002 and is based in Greenwood Village, Colorado.

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Buyer(S) 1

Buyer

Proofpoint

Sunnyvale, California, United States
Category Company
Founded 2002
Sector Internet Software and Services
Employees3,658
Revenue 1.1B USD (2020)
DESCRIPTION

Proofpoint is a security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. Proofpoint was founded in 2002 and is based in Sunnyvale, California.

DEAL STATS #
Overall 20 of 22
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 19 of 21
State (Colorado) 1 of 1
Country (United States) 18 of 18
Year (2021) 1 of 1
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-03 ObserveIT

Boston, Massachusetts, United States

ObserveIT Ltd. is an insider threat management platform delivering comprehensive visibility into user and data activity providing security organizations with a powerful tool for protecting employees and valuable assets while saving time and resources. The company empowers security teams to proactively detect insider threats, streamline the investigation process and enable rapid response. ObserveIT was formed in 2006 and is based in Boston, Massachusetts.

Buy $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Dathena

Singapore, Singapore

Dathena provides artificial intelligence-powered data protection, that evaluates data sensitivity, protects it, and enables you to meet all compliance demands. It delivers data protection and privacy, with confidence and simplicity, creating trust among clients and consumers. Dathena was founded in 2016 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 32 of 38
Sector (Information Technology) 11 of 12
Type (Add-on Acquisition) 18 of 23
State (Colorado) 1 of 2
Country (United States) 32 of 36
Year (2021) 1 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 PowerDMS

Orlando, Florida, United States

PowerDMS, Inc. is a cloud-based policy management software company. The application provides practical tools to organize and manage critical content and industry standards, train, and test employees, and uphold proof of compliance, thereby helping organizations reduce risk and liability. The company simplifies document management through powerful collaboration, process, and automation. PowerDMS was formed in 2001 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 MediaPRO

Bothell, Washington, United States

MediaPRO is a SaaS-based provider of security, privacy, and compliance awareness training solutions. MediaPRO’s platform enables organizations of all sizes to analyze, a plane, train, and reinforce education for their employees on critical security, privacy, and compliance issues. MediaPRO was founded in 1993 and is based in Bothell, Washington.

Sell -
Mergr

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