Email security company Proofpoint has agreed to purchase an insider threat detection company for $225 million in cash, a move meant to boost its appeal to larger enterprise clients. Sunnyvale-based Proofpoint announced Sunday it intends to buy ObserveIT, which promises to stifle data loss by monitoring employees, gauging trends in user activity and watching user behavior on client networks. ObserveIT, founded in 2006, is based in Boston with a research and development center in Tel Aviv. The company has raised $53 million in funding from investors such as Bain Capital, Spring Lake Equity Partners and others. In an unrelated deal, Sumo Logic, an event management firm, also announced the acquisition of the security operations startup Jask. Terms of the deal were not disclosed. Proofpoint offers an enterprise security service that includes email protection, data loss prevention, mobile security and other offerings. It reported $717 million in revenue last year, and […]
The post Cyber deals continue with Proofpoint’s $225 million acquisition of ObserveIT appeared first on CyberScoop.
Continue reading Cyber deals continue with Proofpoint’s $225 million acquisition of ObserveIT→