About Proofpoint, Inc.Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. Get the latest cybersecurity insights in your hands featuring valuable knowledge from our own industry experts. It will be almost a year the aquisition was declared last April of Proofpoint . The proceeds along with sponsor equity from Thoma Bravo will be used for Thoma Bravo's acquisition of . 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. Can I Be Laid Off While On Workers Compensation? When private equity shows up to a deal, it usually spells disaster for everyone but the investors. 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. Bravo, Thoma Bravo - Security Boulevard The Rating Outlook is Stable. reported by Reutersmight be another proof point for a market downturn. Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Does Thoma Bravo Lay Off People? Thoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in assets under management as of March 31, 2021. April 26 (Reuters) - Private equity firm Thoma Bravo said on Monday it would buy Proofpoint Inc (PFPT.O) in an all-cash deal that valued the cybersecurity firm at about $12.3 billion, at a. Proofpoint / Medallia outcome of Thoma bravo purchase - Blind Thoma Bravo is a leading private equity firm with a 40-year history, including over $35 billion in investor commitments, and a focus on investing in software and technology companies. 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. 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. 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. Upon completion of the acquisition, Proofpoint stockholders were entitled to receive $176.00 in cash for each share of Proofpoint common stock they own. Financial policies are expected to be aggressive as highlighted by the high leverage at closing and significant restructuring plans. Learn about the human side of cybersecurity. Cybersecurity firm Proofpoint to be acquired for $12.3bn - Silicon Republic However, Thoma Bravo is unique due to its intense focus on the software space (and, more specifically, cybersecurity). Last year alone saw 72 acquisitions by private equity. The acquisition of Proofpoint by private equity firm Thoma Bravo is reaping rewards for the security provider's partners. Were there stocks given?#ellieMae #sophos #medallia #apptus #dynatrace #sirius #vena. UserTesting Inc. to lay off 63 as result of $1.3B acquisition, merger. A group of private equity firms acquired McAfee's consumer business for $14 billion. All other trademarks contained herein are the property of their respective owners. Proofpoint Layoffs - GoLayoffs 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? The all-cash deal will take Ping from public to private. Fitch Assigns Proofpoint First-Time 'B' IDR; Outlook Stable The cybersecurity company Proofpoint said it has agreed to be acquired by the private -equity firm Thoma Bravo for $12.3 billion in cash, or about $176 a share, up about 34% from Friday's . 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. The private equity firm has more than $103 billion in assets , https://news.crunchbase.com/cybersecurity/cybersecurity-abnormal-unicorn-proofpoint-insight-partners/, May 10, 2022 equity giant Thoma Bravo bought publicly traded Proofpoint for $12.3 billion. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. 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. However , 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. Websense was one of the first content URL filtering products. Offers may be subject to change without notice. I know that my team has be reduced by 70% because everyone left. Manage risk and data retention needs with a modern compliance and archiving solution. Publicly traded Finjan was acquired by an investment group in a deal valued at $43.9 million, announced in June 2020. You have time but change will come within 1-2 years. Keep up with the latest news and happenings in the everevolving cybersecurity landscape. Should I not even entertain the idea of a job offer with them anymore? 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]. 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" Hello to people who were part of the companies that Thoma Bravo acquired. However, one thing is clear: Changes are yet to come. Read the release on the PR Newswire website here. It showed revenue growth of 15% in the first quarter of 2021; $288 million. No layoffs except ~100 in commercial sales which isnt a priority for TB. Medallia, Go to company page The $800 million second-lien secured term loan is not rated. The company has spent over $ 97.92B for the acquisitions. We believe that as cyber threats continue to evolve, Proofpoints people-centric security and compliance strategy along with its innovative product suite will allow Proofpoint to drive significant growth and offer protection to even more customers as a private company.. Thoma Bravo recently purchased SailPoint for a second time for $6.9 billion. Thoma Bravo has had little trouble finding companies to buy, including ones that are publicly traded. 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. Disarm BEC, phishing, ransomware, supply chain threats and more. Cost cutting, layoffs remain leading startup themes. 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, Go to company page investor-relations@proofpoint.com (408) 585-4351. Proofpoint and medallia employees what has been your experience post the Thoma Bravo acquisition? Proofpoint, the Nasdaq-listed cybersecurity firm, is being acquired by private equity giant Thoma Bravo for $12.3bn. Private equity firm Thoma Bravo on Monday announced it had signed a definitive agreement to acquire the cybersecurity and compliance firm Proofpoint in a $12.3 billion all-cash deal. 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 . Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Any signing bonus is not worth the hassle of dealing with these spreadsheet jockeys. 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. Thoma Bravo's investment in Intel 471 sees the private equity firm continue its cybersecurity investing spending-spree. Lets see how many more , https://www.crn.com/slide-shows/security/10-things-to-know-about-the-thoma-bravo-proofpoint-deal-and-stock-hike, Apr 26, 2021 The Thoma Bravo Proofpoint deal will be the largest acquisition in cybersecurity history, beating out Broadcoms $10.7 billion purchase of , https://www.spcorders.co.za/gnk/thoma-bravo-proofpoint-layoffs, Thoma Bravo agreed to acquire Proofpoint , a cybersecurity and compliance company, for $12.3bn. Marketing is drastically curtailed, with fewer appearances at trade shows and events in general. US DoD Server Had no Password 3TB of Sensitive Data Leaked, Cowbell Adds Free Cybersecurity Services for Insurance Policy Holders, Microsoft FAIL: BlackLotus Bootkit Breaks Secure Boot, Organizations Struggle WithCCPA, CPRA, GDPR Compliance, Add your blog to Security Bloggers Network. 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. They just laid off hundreds of people 30 days before the fist big vest. SUNNYVALE & SAN FRANCISCO, Calif., April 26, 2021 -- Proofpoint, Inc. (NASDAQ: PFPT) (the "Company"), a leading cybersecurity and compliance company, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services richard-stiennon has 11 posts and counting.See all posts by richard-stiennon, Click full-screen to enable volume control, Thoma Bravo Lacks Options with Proofpoint, USENIX Security '22 - Yanxue Jia, Shi-Feng Sun, Hong-Sheng Zhou, Jiajun Du, Dawu Gu - Shuffle-based Private Set Union: Faster and More Secure, SafeBreach Coverage for US-CERT Alert (AA23-061A) Royal Ransomware, Digital Trust & Safety Roundup: Costly chargebacks, dynamically fighting ATO, and social media scam risks, Defeating Malvertising-Based Phishing Attacks, Update on the Executive Order on Improving the Nations Cybersecurity. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. Copyright 2023 Market Realist. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Proofpoints financial condition, results of operations, or liquidity. Proofpoint Enters Definitive Agreement to be Acquired by Thoma Bravo in Thoma. (Tech Industry)". Thoma Bravo SPAC Agrees to Take IronSource Public - Bloomberg Fortunately, no layoffs, no reduction in force as of now. More inside scoop? The Fidelis Elevate platform provides security analytics, and is being marketed as an XDR product. Proofpoint (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. Thoma Bravo Acquires Proofpoint For $12.3B | PYMNTS.com Finally, on July 15, 2020, the two parties came to an agreement with a new deal worth about $1.67 billion. Raytheon continued acquiring technologies, including both Stonesoft and Sidewinder, network firewalls that ended up in the hands of Intel after they acquired McAfee, which had, in turn, acquired them when they bought Secure Computing. Proofpoint FEBRUARY 8, 2023 PDFTron Rebrands as Apryse, Reflecting Expanded Product Offerings and Commitment to Innovation. . Advisors Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Proofpoint, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as its legal counsel. Fitch has also assigned a 'BB-'/'RR2' to Proofpoint's $250 million secured revolving credit facility (RCF) and $2.6 billion first-lien secured term loan. Thoma Bravo's blank-check firm has reached an agreement to take app software company ironSource public through a merger that values the combined business at $11.1 billion. Fortunately, no layoffs, no reduction in force as of now. Thoma Bravo already acquired Proofpoint for $12.3 billion in April 2021. Under the terms of the all-cash agreement, Proofpoint shareholders will receive $176 per share. 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.