Thoma Bravo to Buy Proofpoint for $12.3 Billion

Healthcare Info Security

Prajeet Nair

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.

As a result of the sale, publicly traded Proofpoint would become privately held.

"We believe that as a private company, we can be even more agile with greater flexibility to continue investing in innovation, building on our leadership position and staying ahead of threat actors," says Gary Steele, chairman and CEO of Proofpoint.

Thoma Bravo did not offer any details on how it will fit Proofpoint into its stable of cybersecurity companies. The private equity firm also owns Barracuda, Imperva, LogRhythm and McAfee.

In January, Thoma Bravo sold...

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