Proofpoint acquires insider threat intelligence firm ObserveIT in $225 million deal

guest · Nov 4, 2019

Proofpoint acquires insider threat intelligence firm ObserveIT in $225 million deal
Proofpoint hopes to strengthen its enterprise security offerings through the buyout
November 4, 2019
https://www.zdnet.com/article/proof...elligence-firm-observeit-in-225-million-deal/

Proofpoint has acquired threat management provider ObserveIT in a deal aimed at bolstering the firm's enterprise cybersecurity portfolio.
On Saturday, the Sunnyvale, Calif.-based company said the purchase has been made for $225 million in an all-cash agreement.

Founded in 2006, ObserveIT specializes in endpoint security and insider threat detection.
Catering for 1,900 customers in 87 countries, ObserveIT provides solutions for real-time enterprise network management, alerts when suspicious behavior is detected, and also assists firms in cybersecurity-related legal compliance.

The improved Proofpoint information protection suite will be made available to enterprise clients during 2020. In addition, the company intends to invest in ObserveIT's insider threat management solution.

"Defending data requires the ability to detect risky insider threat behavior and risky user activity, and swiftly mitigate risk across cloud apps, email, and endpoints. With ObserveIT, we will bring to market the first truly innovative enterprise DLP offering in years."
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Press Release
ObserveIT: A New Chapter for ObserveIT: Why Joining Forces with Proofpoint Makes So Much Sense

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Proofpoint acquires insider threat intelligence firm ObserveIT in $225 million deal

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