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Proofpoint

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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, releasing its first product, and lining up six customers as references, and was backed by venture investors Benchmark Capital and Stanford University.[4] An additional $9 million in Series B funding led by New York-based RRE Ventures was announced in October, 2003.[5]

The company released the Proofpoint Protection Server (PPS) for medium and large businesses. It incorporated what was described as "MLX Technology", proprietary machine learning algorithms applied to the problem of accurately identifying spam email using 10,000 different attributes to differentiate between spam and valid email, in 2003.[4][6]

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.[7]

On April 26, 2021, Proofpoint announced that it had agreed to be acquired by the private equity firm Thoma Bravo.[8]

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

Products

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Proofpoint products are designed to address advanced cybersecurity threats, regulatory compliance, and brand-impostor fraud (which it calls "digital risk"). These products work across email, social media, mobile devices, and the cloud.[9][10][11][12]

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. ^ a b Lacy, Sarah (July 20, 2003). "Proofpoint Joins Anti-Spam Crowd". BizJournals.com. (fee required). Retrieved August 3, 2020.
  5. ^ Proofpoint adds funding, San Jose Business Journal, Oct 14, 2003.
  6. ^ Proofpoint improves spam prevention, Nov 3, 2003, NetworkWorld Archived May 31, 2008, at the Wayback Machine
  7. ^ "Proofpoint and Infoblox Rise on Debuts". The New York Times. April 20, 2012. Retrieved July 14, 2012.
  8. ^ "Proofpoint Agreed To Be Acquired By Thoma Bravo". April 26, 2021.
  9. ^ "Proofpoint Enterprise Protection: Product overview". SearchSecurity. Retrieved March 24, 2017.
  10. ^ "Proofpoint Email Encryption: Product overview". SearchSecurity. Retrieved March 24, 2017.
  11. ^ "Proofpoint releases Proofpoint Intelligent Supervision | Compliance Week". ComplianceWeek.com. Archived from the original on April 23, 2017. Retrieved March 24, 2017.
  12. ^ "The Forrester Wave: Digital Risk Monitoring, Q3 2016". Forrester.com. Retrieved March 14, 2017.
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