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Proofpoint, Inc. (PFPT)

- NASDAQ
  • May. 20, 2014, 2:04 PM
    • 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.
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  • Mar. 24, 2014, 6:25 PM
    • Though Palo Alto Networks' (PANW -4.3%) $200M acquisition of endpoint security startup Cyvera might lower its 2014 EPS by 10% and 2015 EPS by 20%, it also stands to increase the company's addressable market by a quarter to ~$20B, thinks FBN's Shelby Seyrafi.
    • "We view this acquisition as a logical expansion of the company’s end market that enhances its ability to provide end-to-end threat protection," says Baird's Jayson Noland. He notes Palo Alto's management plans to create an "overlay sales force" to sell endpoint security solutions.
    • FBR's Daniel Ives sees the deal, the latest in a string of high-profile security acquisitions (I, II), as part of a "massive consolidation in the security landscape" set for 2014. He thinks Fortinet (FTNT), Proofpoint (PFPT), and Imperva (IMPV) could be among the companies snapped up this year by larger tech firms.
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  • Jan. 3, 2014, 10:39 AM
    • Several security hardware and software vendors are trading higher in response to FireEye's $1B+ acquisition of cybersecurity software/services firm Mandiant, and perhaps also FireEye's Q4 guidance hike. The acquisition, which comes six months after Cisco agreed to buy top intrustion prevention system vendor Sourcefire for $2.7B, is fueling hopes the industry will see additional M&A.
    • KEYW (KEYW +9.9%), a cybersecurity software/services provider for defense and security agencies, is the biggest gainer. Other winners include Palo Alto Networks (PANW +3.6%), Barracuda (CUDA +3.2%), Imperva (IMPV +2.4%), Proofpoint (PFPT +5.3%), and Qualys (QLYS +2.3%).
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  • Oct. 1, 2013, 4:20 PM
    • Proofpoint (PFPT -0.4%) acquires enterprise messaging/security provider Sendmail for $23M in cash. Proofpoint believes it can generate subscription revenue from the proprietary Sentrion package while continuing to support open source distribution of other Sendmail platforms.
    • The company expects the acquisition to have an immaterial impact on revenue in Q4 and widen net loss by $2M, or $0.06/share. For 2014, the company expects Sendmail to contribute $5M in revenue (half from legacy maintenance contracts and half from new sales of Proofpoint solutions to these customers) and a $3M increase in net loss, or $0.08/share, partially mitigated by accretion.
     
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  • Sep. 6, 2013, 10:56 AM
    • Proofpoint (PFPT -2.5%) completes the $25M acquisition of SaaS anti-malware provider Armorize.
    • Armorize's real-time threat intelligence will supplement Proofpoint's cloud-based Targeted Attack Protection product, which focuses on email-based malware.
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Company Description
Proofpoint Inc is a security-as-a-service vendor that delivers data protection solutions including threat protection, regulatory compliance, archiving and governance, and secure communication.
Sector: Technology
Country: United States