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  6. Proofpoint Acquires ObserveIT

M&A Deal Summary

Proofpoint Acquires ObserveIT

On November 3, 2019, Proofpoint acquired information technology company ObserveIT for 225M USD

Acquisition Highlights
  • This is Proofpoint’s 3rd transaction in the Information Technology sector.
  • This is Proofpoint’s 2nd largest (disclosed) transaction.
  • This is Proofpoint’s 17th transaction in the United States.
  • This is Proofpoint’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-11-03
Target ObserveIT
Sector Information Technology
Buyer(s) Proofpoint
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

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.

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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 19 of 25
Sector: Information Technology M&A 3 of 6
Type: Add-on Acquisition M&A Deals 18 of 24
State: Massachusetts M&A 1 of 1
Country: United States M&A 17 of 20
Year: 2019 M&A 2 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-06 Meta Networks

Tel Aviv-Yafo, Israel

Meta Networks Ltd. is a provider in Software Defined Perimeter (SDP) solutions for secure remote access. Zero-Trust Network Access is the alternative to VPN for secure remote access to any application, anywhere. Meta Networks Ltd. was founded in 2016 and is based in Tel Aviv-Yafo, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 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.

Buy $63M
Mergr

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