Thoma Bravo buys cybersecurity vendor Proofpoint for $12.3B in cash
TechCrunch
APRIL 26, 2021
More M&A activity is underway in the red-hot field of cybersecurity. In the latest development, private equity giant Thoma Bravo is buying Proofpoint , the SaaS security vendor, for $12.3 billion in cash. Proofpoint is traded publicly on the Nasdaq exchange and as of its closing price on Friday, it had a market cap of $7.5 billion. This bid, which will see the company go private, is a big hike on its latest share price.
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