Proofpoint

Proofpoint, Inc.
Company typePrivate
Nasdaq: PFPT
IndustrySecurity software
Founded2002; 23 years ago (2002)
FounderEric Hahn
Headquarters,
U.S.
Number of locations
Offices worldwide: Australia, Canada, France, Germany, Israel, Italy, Japan, Singapore, Spain, Sweden, The Netherlands, United Arab Emirates, United Kingdom, United States (California, Colorado, Indiana, Massachusetts, New York, North Carolina, Pennsylvania, Texas, Utah, Virginia)[1]
Key people
Sumit Dhawan (CEO)
Marcel DePaolis (CTO)
Rémi Thomas (CFO)
ProductsIdentity threat defense
Email filtering
Email privacy
Email encryption
Email archiving
Anti-spam techniques
Electronic discovery
Data loss prevention software
RevenueIncrease US$1.050 billion (2020)[2]
Increase –US$95.196 million (2020)[2]
Decrease –US$163.809 million (2020)[2]
Total assetsIncrease US$2.498 billion (2020)[2]
Total equityDecrease US$441.744 million (2020)[2]
OwnerThoma Bravo
Number of employees
3,658 (2020)[2]
Proofpoint office in Toronto

Proofpoint, Inc. is an American enterprise cybersecurity company based in Sunnyvale, California that provides software as a service and products for email security, identity threat defense, data loss prevention, electronic discovery, and email archiving.

In 2021, Proofpoint was acquired by private equity firm Thoma Bravo for $12.3 billion.[3]

History

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The company was founded in July 2002 by Eric Hahn, formerly the CTO of Netscape Communications. It launched July 21, 2003, after raising a $7 million Series A funding round, an additional $9 million in Series B funding led by New York-based RRE Ventures was announced in October, 2003.[4]

The company released the Proofpoint Protection Server (PPS) for medium and large businesses.

Proofpoint became a publicly traded company in April 2012. At the time of its initial public offering (IPO), the company's shares traded at $13 apiece; investors purchased more than 6.3 million shares through the IPO, raising more than $80 million.[5]

On April 26, 2021, Proofpoint announced that it had agreed to be acquired by the private equity firm Thoma Bravo.[6]

Proofpoint co-founder & chairman Eric Hahn (left) with then-CEO Gary Steele (right) at Proofpoint's 15th-anniversary celebration

References

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  1. ^ "Office Locations". Proofpoint. August 30, 2016.
  2. ^ a b c d e f "Proofpoint, Inc. 2020 Annual Report" (PDF). Proofpoint.com. December 31, 2020. Retrieved August 31, 2021.
  3. ^ "Thoma Bravo Completes Acquisition of Proofpoint" (Press release). GlobeNewswire. August 31, 2021.
  4. ^ Proofpoint adds funding, San Jose Business Journal, Oct 14, 2003.
  5. ^ "Proofpoint and Infoblox Rise on Debuts". The New York Times. April 20, 2012. Retrieved July 14, 2012.
  6. ^ "Proofpoint Agreed To Be Acquired By Thoma Bravo". April 26, 2021.
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