Proofpoint buys incident-response software firm for $24M

|By:, SA News Editor

Proofpoint (PFPT +1.3%) is buying NetCitadel, a developer of incident-response software, for $24M in cash. The deal isn't expected to have a "material impact" on 2014 revenue of profits.

Proofpoint asserts NetCitadel's products strengthen its existing threat-protection offerings, in part by "unifying, correlating and synthesizing security alerts from Proofpoint and other leading security vendors such as HP ArcSight, Palo Alto Networks and FireEye," and thereby significantly cutting response times.

The deal is the latest in a flurry of M&A activity in the threat-prevention/incident-response space, as security vendors try to cater to growing corporate interest in cybersecurity solutions that mesh on-premise hardware/software with cloud-based services.

FireEye bought leading endpoint security/incident-response firm Mandiant in January, and Palo Alto responded by acquiring cybersecurity startup Cyvera.