Looking back on the last two years, it is apparent that cybersecurity is viewed as hot by private equity firms. Bonuses will be paid af 100%, Did you guys meet sales target? 2/ That Thoma Bravo is the suitor is likely no coincidence; they're set to also acquire fellow identity security company SailPoint in the second half of 2022.Betting they combine $PING and $SAIL then bring them public as a bigger, stronger business down the road. Thoma Bravo is buying out Ping at a value of $28.50 per share, a 63-percent premium from the stocks price prior to the announcement. This list of organizations invested in by Thoma Bravo provides data on their funding history, investment activities, and acquisition trends. Learn about how we handle data and make commitments to privacy and other regulations. The all-cash deal will take Ping from public to private. We are hiring..no stopping that..lets see what TB says when mgmt meets with them later this week. How was the transition, where there a lot of layoffs?How did they compensate the employees? He had to wait to quit so he gets that payout, Check out this post! With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. Proofpoint common stock has ceased trading and is no longer listed on the Nasdaq stock exchange. Eng, Compensation has been poor, attrition is sky high, wlb is non existent. However, one thing is clear: Changes are yet to come. As a rule, I am not a fan of financial shenanigans. The announcement that Thoma Bravo is acquiring publicly traded Proofpoint for $12.3 billion is the latest and largest private equity deal in the cybersecurity industry.As a rule, I am not a fan of financial shenanigans. RealPage It was great until Thoma Bravo Glassdoor, Dynatrace Employee Reviews about thoma bravo Glassdoor, My company has been acquired by Thoma Bravo. richard-stiennon has 11 posts and counting.See all posts by richard-stiennon, Click full-screen to enable volume control, Thoma Bravo Lacks Options with Proofpoint, USENIX Security '22 - Yanxue Jia, Shi-Feng Sun, Hong-Sheng Zhou, Jiajun Du, Dawu Gu - Shuffle-based Private Set Union: Faster and More Secure, SafeBreach Coverage for US-CERT Alert (AA23-061A) Royal Ransomware, Digital Trust & Safety Roundup: Costly chargebacks, dynamically fighting ATO, and social media scam risks, Defeating Malvertising-Based Phishing Attacks, Update on the Executive Order on Improving the Nations Cybersecurity. February . US DoD Server Had no Password 3TB of Sensitive Data Leaked, Cowbell Adds Free Cybersecurity Services for Insurance Policy Holders, Microsoft FAIL: BlackLotus Bootkit Breaks Secure Boot, Organizations Struggle WithCCPA, CPRA, GDPR Compliance, Add your blog to Security Bloggers Network. 4 days ago Equity is a TechCrunch podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Finjan has a storied past. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Proofpoint does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. At Anaplan, weve been told our invested RSUs for the fiscal year will be accelerated and paid out at close. Shares of Proofpoint Inc. rose more than 30% on Monday after the cybersecurity and compliance company agreed to be taken private by Thoma Bravo in an all-cash deal valued at about $12.3 billion. Customers end up with less support for the products they purchased. Email is still the primary vector for cyberattacks, and Proofpoint was the largest standalone email security company. Proofpoint Announces CFO Transition. Thoma Bravo recently acquired Realpage and more than 10% was laid off during the 1st round, a 2nd round just laid off 600 more people. He was a Research VP at Gartner. The cybersecurity company Proofpoint said it has agreed to be acquired by the private -equity firm Thoma Bravo for $12.3 billion in cash, or about $176 a share, up about 34% from Friday's . (Bloomberg) -- Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint Inc. in a deal it said values the business at about $12.3 billion.The private equity firm is offering $176 per share in cash, representing a 34% premium to Proofpoint's Friday closing price, according to a statement Monday. SailPoint wasn't even their largest cybersecurity acquisition by a long shot. There was a big culture change that did come with a focus on just saving money everywhere. WhiteSource, an o pen source security firm, has acquired Diffend, an innovative software supply chain security service. AI-powered phishing: Chatbot hazard or hot air? Compare that to Crowdstrike, which is trading at 50x 2020 revenue, and Zscaler trading at 60x. In early August, Thoma Bravo finalized a deal to buy enterprise identity management company Ping Identity for $2.8 billion. We hit a 150+% bonus payout last year which was pretty nice. Under the terms of the definitive agreement, Proofpoint shareholders will receive $176 per share in cash, in an all-cash transaction valued at $12.3bn . This is followed by high rates of attrition by disrespecting the talented staff that stay and moving any new engineering jobs to offshore vendors. Offers may be subject to change without notice. Sophos, Go to company page Learn about our unique people-centric approach to protection. We believe that as cyber threats continue to evolve, Proofpoints people-centric security and compliance strategy along with its innovative product suite will allow Proofpoint to drive significant growth and offer protection to even more customers as a private company.. The announcement comes four days after Thoma Bravo closed its prior top cloud. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. Akamai Technologies, Go to company page In 2017 it acquired Skyfence, a cloud access security broker (CASB) product from Imperva. Can I Be Laid Off While On Workers Compensation? Medallia, Go to company page If youre at a company that is being acquired, start dusting off your resume and leave. As of Dec. 31, 2018, Ellie Mae had about 1,570 employees . People may receive compensation for some links to products and services on this website. Vista Equity Partners then acquired Websense in 2013 for $906 million. Learn about our people-centric principles and how we implement them to positively impact our global community. Learn about our relationships with industry-leading firms to help protect your people, data and brand. . Russia-Ukraine War: Cybersecurity Lessons for Tech Pros, Proofpoints 2023 State of the Phish Report: Threat Actors Double Down on Emerging and Tried-and-Tested Tactics to Outwit Employees, Proofpoint Offers More Simplicity with New Element Partner Program, Intelligent Classification and Protection, Managed Services for Security Awareness Training, Managed Services for Information Protection. Should I , RealPage It was great until Thoma Bravo Glassdoor, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Insights from Thoma Bravo and Frontline Education for , Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Ellie Mae announces layoffs of 10% of its staff HousingWire, Buyout firm Thoma Bravo goes from niche to big league, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Fortunately, no layoffs, no reduction in force as of now. Mimecast Email Security Business Background, Challenges About Proofpoint, Inc.Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. We are looking forward to working closely with Gary and the Proofpoint team to leverage Thoma Bravos deep cybersecurity expertise to help propel the companys continued innovation and growth. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Publicly traded Finjan was acquired by an investment group in a deal valued at $43.9 million, announced in June 2020. Save my name, email, and website in this browser for the next time I comment. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. Thoma Bravo's transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations Thoma Bravo Completes Acquisition of Proofpoint https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint Richard Stiennon is the author of Security Yearbook 2021: A History and Directory of the IT Security Industry. Proofpoint will be privately held by private equity firm Thoma Bravo and will not have an independent board of directors. I have a job offer at proofpoint and They are saying there wont be layoffs. Proofpoint Announces CFO Transition. Last year, it bought ProofPoint for $12.3 billion. Market Realist is a registered trademark. However, our CEO will be leaving in April 2022 on his own, which is bad for us. The Rating Outlook is Stable. Learn about the technology and alliance partners in our Social Media Protection Partner program. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. How did you guys do in terms of sale. Proofpoint is a leading cybersecurity company that protects organizations' greatest assets and biggest risks: their people. Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint Inc. in a deal it said values the business at about $12.3 billion. I think you have got the answer in your other post. Proofpoint, the Nasdaq-listed cybersecurity firm, is being acquired by private equity giant Thoma Bravo for $12.3bn. Thoma Bravo is a leading private equity firm that focuses on software and technology. I recorded them in Security Yearbook 2021. How were *unvested* RSUs handled? 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