Get deeper insight with on-call, personalized assistance from our expert team. 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. Fortunately, no layoffs, no reduction in force as of now. Proofpoint has become the latest sizable tech vendor to succumb to private equity after Thoma Bravo succeeded in its $12.3bn grasp for the infosec giant. Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. This is followed by high rates of attrition by disrespecting the talented staff that stay and moving any new engineering jobs to offshore vendors. Read the release on the PR Newswire website here. Meanwhile, Finjan Holdings maintained ownership of Finjans patent portfolio. Email is still the primary vector for cyberattacks, and Proofpoint was the largest standalone email security company. 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. 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. Andy MacMillan, CEO, UserTesting, poses for a portrait at the UserTesting headquarters in San Francisco, California on . Thoma Bravo has agreed to take cyber security company Proofpoint private in a $12.3bn deal, as the technology-focused private equity firm continues its push for bigger deals. They cut across the org - DevOps got sent offshore first, followed by a lot of SWE. Read the latest press releases, news stories and media highlights about Proofpoint. 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. This is especially true if the buyout occurs in light of poor stock or company performance. The announcement of the deal on Monday came four days after Thoma Bravo closed its previous top cloud acquisition the $10.2 billion purchase of RealPage, which serves the real estate industry. 2/ That Thoma Bravo is the suitor is likely no coincidence; they're set to also acquire fellow identity security company SailPoint in the second half of 2022.Betting they combine $PING and $SAIL then bring them public as a bigger, stronger business down the road. 20 answers No layoffs except ~100 in commercial sales which isnt a priority for TB. Thoma Bravo already acquired Proofpoint for $12.3 billion in April 2021. 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. But lots can change from now til close, so Im curious whether this will *actually* happen or end up getting replaced with some sort of synthetic stock options. You can see why Thoma Bravo thought Proofpoint was undervalued and worth paying a 60% premium to the market for its shares. It will be almost a year the aquisition was declared last April of Proofpoint. Thoma Bravo has invested in multiple sectors such as Cybersecurity, Banking Tech, GRC Software and more. (Tech Industry)". Thoma Bravo, a private equity firm, has agreed to purchase Proofpoint for $12.3 billion in the biggest cybersecurity acquisition of all time. Fortunately, no layoffs, no reduction in force as of now. - Blind Hello to people who were part of the companies that Thoma Bravo acquired. However, one thing is clear: Changes are yet to come. Thanks. The acquisition of Proofpoint by private equity firm Thoma Bravo is reaping rewards for the security provider's partners. So the problems youre seeing in SolarWinds is where Thoma Bravo , Insights from Thoma Bravo and Frontline Education for Instructures Possible Future, Dec 19, 2019 Even beyond Frontline Education, Thoma Bravo is well-known for having layoffs , as seen at Ellie Mae, Riverbed, Qlik, and Imperva. Implement the very best security and compliance solution for your Microsoft 365 collaboration suite. It just passed the billion-dollar revenue mark in 2020. It finally ended up as part of a portfolio of products at Trustwave, an MSSP in Chicago. Before the transaction was completed in September 2020, RSA transferred ownership of the core BSAFE libraries to Dell, along with the associated customer contracts. He succeeds Paul Auvil, who is stepping down as CFO of Proofpoint after having served in the role for the past 16 years. That's the current leader for largest cybersecurity acquisition of all time. 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. AI-powered phishing: Chatbot hazard or hot air? SUNNYVALE, Calif. Proofpoint, Inc., a leading cybersecurity and compliance company, today announced that Rmi Thomas has been appointed as chief financial officer, effective immediately. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. Forcepoint journey has taken a long and winding road. I recorded them in Security Yearbook 2021. 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. However, our CEO will be leaving in April 2022 on his own, which is bad for us. Thoma Bravo Completes Acquisition of Proofpoint, Calypso Technology and AxiomSL combine forces under new name: Adenza, PDFTron Acquires PDF-to-Office Innovator Solid Documents. 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. 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. 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 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 . Looking back on the last two years, it is apparent that cybersecurity is viewed as hot by private equity firms. Can I Be Laid Off While On Workers Compensation? Thoma Bravo said it's buying security software vendor Proofpoint in a deal valued at $12.3 billion. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. Raytheon purchased Vista Equitys remaining Forcepoint stake in January 2020 for $588 million, and then announced in October 2020 that it was selling the whole company to another private equity firm, Francisco Partners. The $800 million second-lien secured term loan is not rated. Shares of Proofpoint Inc. rose more than 30% on Monday after the cybersecurity and compliance company agreed to be taken private by Thoma Bravo in an all-cash deal valued at about $12.3 billion. Customers end up with less support for the products they purchased. Financial policies are expected to be aggressive as highlighted by the high leverage at closing and significant restructuring plans. Proofpoint, the Nasdaq-listed cybersecurity firm, is being acquired by private equity giant Thoma Bravo for $12.3bn. Proofpoint Announces CFO Transition. In a deal described as underlining its status as a powerhouse in the sector, cyber security and compliance company Proofpoint is to be acquired by private equity (PE) firm Thoma Bravo. Market Realist is a registered trademark. The proceeds along with sponsor equity from Thoma Bravo will be used for Thoma Bravo's acquisition of . Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. How was the transition, where there a lot of layoffs?How did they compensate the employees? The firm is considered to be extremely hands-on, including Bravo himself. In a time of rising layoffs and cooled jobs market outlooks, employees of recently acquired companies may be wondering whats next. Learn about our global consulting and services partners that deliver fully managed and integrated solutions. The acquisition values Proofpoint at $12.3 billion, or ~8.7x 2022 . Were there stocks given?#ellieMae #sophos #medallia #apptus #dynatrace #sirius #vena. He was a Research VP at Gartner. It also acquired SurfControl and Defensio. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. 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. 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. In light of the announced transaction with Thoma Bravo, Proofpoint has cancelled its earnings conference call previously scheduled for April 29, 2021. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. Eng, Compensation has been poor, attrition is sky high, wlb is non existent. Private equity firm Thoma Bravo has completed its acquisition of Proofpoint (NASDAQ: PFPT) and shares of the cybersecurity company stopped trading on the Nasdaq, effective today. Transaction Is Expected to Close in Third Quarter of 2021SUNNYVALE, Calif., June 10, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced the expiration of the 45-day "go-shop" period under the terms of the previously announced definitive agreement, pursuant to which Thoma Bravo, a leading private equity investment firm . These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Skyview Capital announced the acquisition of Fidelis in January 2020. 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? Energized to find a new job after yours gets sent offshore is more accurate. 7 day notice, two week severance, no accelerated vesting so we miss the vest by 30 days. thoma bravo acquisitions layoffs . Should I , RealPage It was great until Thoma Bravo Glassdoor, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Insights from Thoma Bravo and Frontline Education for , Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Ellie Mae announces layoffs of 10% of its staff HousingWire, 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. Learn about the technology and alliance partners in our Social Media Protection Partner program. 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. Then massive cost cutting, layoffs and likely a change in their executives. The firm has offices in Chicago, Miami and San Francisco. More inside scoop? 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 compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. Shargo: Not completely random, but reasonable behind the decided price for the equity isnt perfect. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? That number dropped to 1,007 by the end of the year. We are hiring..no stopping that..lets see what TB says when mgmt meets with them later this week. However, Thoma Bravo is unique due to its intense focus on the software space (and, more specifically, cybersecurity). As of Dec. 31, 2018, Ellie Mae had about 1,570 employees . 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. Now that it has been taken private by Fortress Investment Group LLC, it will continue to be a thorn in the side of any cybersecurity company deemed to be infringing on its patents. Help your employees identify, resist and report attacks before the damage is done. Trustwave was, in turn, acquired by Singtel in 2015. It dropped 100 people after the sale to Symphony; probably attributable to the BSAFE team staying with Dell. Its business model seems to be to engage in lawsuits against other security technology companies, forcing them to pay licensing fees. 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. Learn about this growing threat and stop attacks by securing todays top ransomware vector: email. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Compare that to Crowdstrike, which is trading at 50x 2020 revenue, and Zscaler trading at 60x. The Home of the Security Bloggers Network, Home Security Boulevard (Original) Thoma Bravo Lacks Options with Proofpoint. SUNNYVALE, Calif. and SAN FRANCISCOThoma Bravo, a leading software investment firm, and Proofpoint, Inc. (Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravos acquisition of Proofpoint for approximately $12.3 billion in cash. Mimecast Email Security Business Background, Challenges DENVER , August 3, 2022 / PRNewswire / -- Ping Identity (NYSE: PING), provider of the Intelligent Identity solution for the enterprise, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, for $28.50 per share in an all-cash transaction valued at an Enterprise Value . Key Strategies for a Secure and Productive Hybrid Workforce, From Vulnerable to Invincible: The Five-Step Journey to Complete Cloud Security, See No Evil Mozilla SLAMS Googles App Privacy Labels, Surprise! Vista Equity Partners then acquired Websense in 2013 for $906 million. 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. Prevent data loss via negligent, compromised and malicious insiders by correlating content, behavior and threats. Any signing bonus is not worth the hassle of dealing with these spreadsheet jockeys. Meanwhile, the Permira-Mimecast deal is expected to close in the first half of 2022. The long-term problem for Proofpoint and now, Thoma Bravo is that its biggest competitor is a little company in Redmond called Microsoft. His clients are vendors, investment firms, and CISOs at large enterprises. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. 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. UserTesting Inc. to lay off 63 as result of $1.3B acquisition, merger. Oct 20, 2020 Got an email from our CEO confirming that Thoma Bravo will be acquiring a controlling interest in our firm. Publicly traded Finjan was acquired by an investment group in a deal valued at $43.9 million, announced in June 2020. I probably stayed too long but I rose to a senior leadership level due to attrition, re-orgs, and knowing my shit and was able to move to a senior role at a fast growing public company that wouldnt have been possible otherwise. Richard Stiennon is the author of Security Yearbook 2021: A History and Directory of the IT Security Industry. Customers end up No layoffs except ~100 in commercial sales which isnt a priority for TB. Should I trust the word or simply not accept the offer? The answer depends on the size of the company, how long the , https://www.glassdoor.com/Reviews/Employee-Review-RealPage-RVW47308194.htm, May 22, 2021 After the Thoma Bravo merger: the first wave of layoffs has already occurred and it looks like another wave is occurring. 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. 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. Marketing is drastically curtailed, with fewer appearances at trade shows and events in general. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. RSA Security grew slightly during the first three quarters of 2020, from 3,161 to 3,172 employees. Layoffs are coming(senior leadership across the board is looking for the exit), etc. Cost cutting, layoffs remain leading startup themes. Proofpoint, Inc. investor-relations@proofpoint.com (408) 585-4351 About Thoma Bravo Thoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in. Unvested stock turned to restricted cash vesting on the same schedule. Small Business Solutions for channel partners and MSPs. The deal, announced Feb. 6, 2020, was valued at $1.9 billion. Finjan has a storied past. As a rule, I am not a fan of financial shenanigans. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. Thoma Bravo Layoffs October 12, 2022by Admin 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]. Thoma Bravo has just cut one of the largest-ever checks by a private equity firm to fund its $12.3 billion purchase of cybersecurity company Proofpoint. SailPoint wasn't even their largest cybersecurity acquisition by a long shot. Latest Company & Industry Overviews News and Updates. Thoma Bravo is a leading private equity firm that focuses on software and technology. At Anaplan, weve been told our invested RSUs for the fiscal year will be accelerated and paid out at close. This list of organizations invested in by Thoma Bravo provides data on their funding history, investment activities, and acquisition trends. In April, the firm said it would buy Proofpoint Inc. in an all-cash transaction that values . The Rating Outlook is Stable. It was formed when Raytheon, the defense contractor, attempted to move into the cybersecurity realm by acquiring Websense. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction. Learn about the benefits of becoming a Proofpoint Extraction Partner. Insights about top trending companies, startups, investments and M&A activities, notable investors of There will be a layoff but there will be opportunities if youre good and you stay. Can I Be Laid Off While On Workers Compensation? The private equity . 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. 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. About Thoma Bravo. 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. Proofpoint does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. 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. 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. Websense was one of the first content URL filtering products. Can I Be Laid Off While On Workers Compensation? In this wide-ranging interview, he also tells editorial director Craig Galbraith about . Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. The pair began to move Dynatrace from selling database. 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. Sophos, Go to company page As part of its rapid and successful transition to operating as a private company under Thoma Bravo, L.P. ownership, Proofpoint also announced an accelerated plan to hire over 600 people in 2022 . Public company Forescout Technologies was taken private by Advent International with additional backing from Crosspoint Capital Partners. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Anaplan, Go to company page Proofpoint also disclosed Q1 2021 financial results today. "We are excited . If youre at a company that is being acquired, start dusting off your resume and leave. SUNNYVALE and SAN FRANCISCO, Calif., August 31, 2021 - 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. Anaplan, Go to company page But attrition has been all time high, and then they put hiring freeze. Thoma Bravo achte Proofpoint dans le cadre d'un accord en espces de 12,3 milliards de dollars 0 2 minutes read La socit de cyberscurit et de conformit Proofpoint a annonc avoir conclu un rglement dfinitif devant tre obtenu par Thoma Bravo dans le cadre d'une transaction en espces qui valorise la socit environ 12,3 milliards de dollars. In the largest-ever private equity investment in cloud software, Thoma Bravo has agreed to acquire Proofpoint for $12.3 billion to boost its cybersecurity profile. Reduce risk, control costs and improve data visibility to ensure compliance. Going private allowed deep investments in the right parts of the business while trimming the fat. PING stock, which went public in September 2019, had lost 11.19 percent of its total value by the end of July. 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. Is the Market for Hardware Security Appliances Doomed? All other trademarks contained herein are the property of their respective owners. The payout comes to a little more than eight times sales, Nowinski noted, while fellow cybersecurity company CrowdStrike Holdings Inc. (CRWD) trades at about 23 times sales. The firm, known for its investments in. We caught up with him ahead of the Channel Partners Conference & Expo and co-located MSP Summit, Nov. 1-4. 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 . Learn about the human side of cybersecurity. Proofpoint 2023 State of the Phish-rapport . Hello to people who were part of the companies that Thoma Bravo acquired. Founder and managing partner of Thoma Bravo, Orlando Bravo, launched the firm in 2008 amid the rising action of the Great Recession. The US buyout. San Francisco, CA 94105 +1 (415) 263-3660. Learn about our relationships with industry-leading firms to help protect your people, data and brand. The all-cash deal will take Ping from public to private. Thoma Bravo is a leading private equity firm that focuses on software and technology. AI-powered protection against BEC, ransomware, phishing, supplier riskandmore with inline+API or MX-based deployment. 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. Revenue was $287.8 million, up 15 percent compared to Q1 of 2020. I was also worried after reading about Thoma Bravo history with what they did with some of the companies they bought. Aug 31, 2021 Software investment firm Thoma Bravo completed its acquisition of cybersecurity leader Proofpoint for approximately $12.3 billion in cash.