It will be almost a year the aquisition was declared last April of Proofpoint . If youre at a company that is being acquired, start dusting off your resume and leave. April 26 (Reuters) - Private equity firm Thoma Bravo said on Monday it would buy Proofpoint Inc (PFPT.O) in an all-cash deal that valued the cybersecurity firm at about $12.3 billion, at a. It went public in 2000. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. New. https://www.ft.com/content/456f2fd7-f868-4ea6-abd7-fce34e783333, Dec 6, 2021 Thoma Bravos deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low . The private equity . Marketing is drastically . How was the transition, where there a lot of layoffs?How did they compensate the employees? Bravo, Thoma Bravo - Security Boulevard Looking back on the last two years, it is apparent that cybersecurity is viewed as hot by private equity firms. Learn about our relationships with industry-leading firms to help protect your people, data and brand. Unvested stock turned to restricted cash vesting on the same schedule. Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Proofpoints financial condition, results of operations, or liquidity. Defend your data from careless, compromised and malicious users. Thoma Bravo, a private equity firm, has agreed to purchase Proofpoint for $12.3 billion in the biggest cybersecurity acquisition of all time. Thoma bravo has recently acquired proofpoint. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in 100 full-time employees losing their jobs. It's a bad time. As a rule, I am not a fan of financial shenanigans. Customers end up with less support for the products they purchased. The payout comes to a little more than eight times sales, Nowinski noted, while fellow cybersecurity company CrowdStrike Holdings Inc. (CRWD) trades at about 23 times sales. SUNNYVALE and SAN FRANCISCO, Calif., August 31, 2021 Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. (Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravos acquisition of Proofpoint for approximately $12.3 billion in cash. Cybersecurity firm Proofpoint to be acquired for $12.3bn - Silicon Republic CEO left because of frustrations with TB folks, talks of cost cuts, not laying off yet, but TB history got former CEO worried. How Does a Data Breach Take Place in an Organization? Thoma Bravo to Buy Cyber Firm Proofpoint for $12.3 Billion I was also worried after reading about Thoma Bravo history with what they did with some of the companies they bought. Learn about how we handle data and make commitments to privacy and other regulations. The acquisition was previously announced on April 26, 2021, and Proofpoints stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. Thoma Bravo is considered the successor to previously existing firm Golder Thoma & Co. Other executives likely hold a substantial stake in the firm, which maintains $70 billion in assets under management. Cyber Security Mergers & Acquisitions - April 2021 Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. PING stock, which went public in September 2019, had lost 11.19 percent of its total value by the end of July. When private equity shows up to a deal, it usually spells disaster for everyone but the investors. Proofpoint, the Nasdaq-listed cybersecurity firm, is being acquired by private equity giant Thoma Bravo for $12.3bn. Thoma Bravo's deal to take the company. Riverbed Technology, Go to company page No layoffs except ~100 in commercial sales which isnt a priority for TB. https://www.crn.com/slide-shows/security/10-things-to-know-about-the-thoma-bravo-proofpoint-deal-and-stock-hike, Apr 26, 2021 Heres a look at the fallout of Thoma Bravos record-breaking acquisition of Proofpoint , including why this deal is likely to kick off a , Mimecast Rejects Thoma Bravo, Proofpoint Buyout Offer: Report, Jan 14, 2022 Mimecast rejected Proofpoint /Thoma Bravo buyout offer because of potential The company confirmed targeted layoffs in February 2021, , https://www.theinformation.com/articles/musk-s-super-bad-feeling-an-amazon-exec-ships-out. Thoma Bravo takes a stake in threat intelligence provider Intel 471 In a deal described as underlining its status as a powerhouse in the sector, cyber security and compliance company Proofpoint is to be acquired by private equity (PE) firm Thoma Bravo. However, one thing is clear: Changes are yet to come. Should I not even entertain the idea of a job offer with them anymore? About Proofpoint, Inc.Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. Publicly traded Finjan was acquired by an investment group in a deal valued at $43.9 million, announced in June 2020. Eng, Compensation has been poor, attrition is sky high, wlb is non existent. These risks, as well as other risks associated with the transaction, are more fully discussed in the proxy statement filed with the U.S. Securities and Exchange Commission in connection with the transaction. Thoma Bravo is a private equity firm with a focus on investing in software and technology companies. The acquisition was previously announced on April 26, 2021, and Proofpoints stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. SUNNYVALE & SAN FRANCISCO, Calif., April 26, 2021 -- Proofpoint, Inc. (NASDAQ: PFPT) (the "Company"), a leading cybersecurity and compliance company, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services All Rights Reserved. Thoma Bravo achte Proofpoint dans le cadre d'un accord en espces de 12,3 milliards de dollars 0 2 minutes read La socit de cyberscurit et de conformit Proofpoint a annonc avoir conclu un rglement dfinitif devant tre obtenu par Thoma Bravo dans le cadre d'une transaction en espces qui valorise la socit environ 12,3 milliards de dollars. Significant , https://www.teamblind.com/post/proofpointmedallia-outcome-of-thoma-bravo-purchase-YdfZ7Lkk, Mar 22, 2022 Fortunately, no layoffs , no reduction in force as of now. The long-term problem for Proofpoint and now, Thoma Bravo is that its biggest competitor is a little company in Redmond called Microsoft. Richard Stiennon is the author of Security Yearbook 2021: A History and Directory of the IT Security Industry. A number of project managers lost their jobs as well. Moody's assigns B3 CFR to Proofpoint; outlook positive The US buyout. Security vendor Proofpoint snapped up by private equity for $12.3bn but In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, could, seek, see, will, may, would, might, potentially, estimate, continue, expect, target, similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. Thoma Bravo has been an active investor and buyer in the cybersecurity market. Proofpoint shares stop trading after acquisition closes DENVER , August 3, 2022 / PRNewswire / -- Ping Identity (NYSE: PING), provider of the Intelligent Identity solution for the enterprise, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, for $28.50 per share in an all-cash transaction valued at an Enterprise Value . Splunk, Go to company page Raytheon continued acquiring technologies, including both Stonesoft and Sidewinder, network firewalls that ended up in the hands of Intel after they acquired McAfee, which had, in turn, acquired them when they bought Secure Computing. These forward-looking statements are based on Proofpoints current expectations, estimates and projections about the potential benefits of the transaction, its business and industry, managements beliefs and certain assumptions made by Proofpoint and Thoma Bravo, all of which are subject to change. Thoma Bravo to buy Proofpoint for $12.3bn - Financier Worldwide Andy MacMillan, CEO, UserTesting, poses for a portrait at the UserTesting headquarters in San Francisco, California on . The cybersecurity and compliance firm Proofpoint has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction which values the. Episodes feature insights from experts and executives. Disarm BEC, phishing, ransomware, supply chain threats and more. Thoma Bravo to acquire Proofpoint in a $12.3B transaction But attrition has been all time high, and then they put hiring freeze. Can I Be Laid Off While On Workers Compensation? Lets see how many more , Yes, Thoma Bravo is Brutal. Thoma Bravo used $675 million in cash and raised $1.8 billion in debt to buy Compuware and then split off Dynatrace as a separate company. Thoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in assets under management as of March 31, 2021. 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 . Thoma Bravo has invested in multiple sectors such as Cybersecurity, Banking Tech, GRC Software and more. Everyone I knew was just recruiting all the time. Proofpoint Announces CEO Transition - Yahoo! Vista Equity Partners then acquired Websense in 2013 for $906 million. Andy Brimmer / Matthew Sherman / Jed Repko, 2023. Most of our engineering/devOps/implementation teams are already offshore, so lets see what happens. Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Does Thoma Bravo Lay Off People? Thoma Bravo's investment in Intel 471 sees the private equity firm continue its cybersecurity investing spending-spree. Sophos, Go to company page I probably stayed too long but I rose to a senior leadership level due to attrition, re-orgs, and knowing my shit and was able to move to a senior role at a fast growing public company that wouldnt have been possible otherwise. . Citigroup Cuts Hundreds of Jobs, Including in Investment Banking and post regarding Riverbed . Thoma Bravo has agreed to spend around $12.3 billion on the acquisition. List of top Thoma Bravo Portfolio Companies - Crunchbase Deliver Proofpoint solutions to your customers and grow your business. The acquisition values Proofpoint at $12.3 billion, or ~8.7x 2022 . In light of the announced transaction with Thoma Bravo, Proofpoint has cancelled its earnings conference call previously scheduled for April 29, 2021. . In 2019, Bravo became the first billionaire born in Puerto Rico. The answer depends on the size of the company, how long the , https://www.glassdoor.com/Reviews/Employee-Review-RealPage-RVW47308194.htm, May 22, 2021 After the Thoma Bravo merger: the first wave of layoffs has already occurred and it looks like another wave is occurring. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. Proofpoint announced that Thoma Bravo will be acquiring it for $176 per share, a 34% premium to the prior day's closing price.

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