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Cybersecurity Profofpoint announced on Thursday that he would receive a competitor based in Germany for $ 1 billion to strengthen his European presence when he studies the return to state markets.
The transaction notes the largest acquisition in the history of ProfofPoint.
Sunnyvale, California, which is currently owned by the Giant Private Capital Thoma Bravo, said the purchase transaction will help deepen its experience in an ecosystem managed service provider (MSP).
Headquarters in Hannover, Germany, Hornetscurity specializes in managed clouds email safety services to help protect firms from cyberattacks, data loss and compliance risk-related 365 and other IT infrastructure.
ProfofPoint CEO Sumit Dhawan said CNBC that the deal would help “consolidate the fragmented security tools into a single platform that protects people and protects data on the global threats.”
“Generative II fundamentally changed the threat landscape, which made it faster, more focused and more complex attacks,” Dhawan said in an interview. Small and medium -sized companies are “increasingly in cross -hackers and require” integrated, high efficiency, “he added.
The way to the IPO
Chief of ProufPoint said CNBC last October What the company studied external financing, as well as the merger and acquisition of smaller cybersecurity firms in order to return to state markets in 2026. The company in 2021 came in 2021 Acquisition of 12.3 billion dollars According to the private stock company Thoma Bravo.
“Hornetscurity brings a very strong business to ProfofPoint, focused on the new MSPS segment and diversify our routes to the market,” Dhavan said.
“This makes a significant contribution to our profits and cash flow, making us an even stronger company and business when we study returning to state markets,” he added.
Dhawan said that while there is nothing new to share the IPO PROUFPoint plans, “we remain interested in the IPO market and will study public markets when we feel that time is coming.”
Hornetscurity serves more than 125,000 small and medium-sized enterprises and has more than 700 employees, according to a press release. ProufPoint has more than 4,500 employees and has 85% Fartune 100 as customers.
The transaction is expected to close in the second half of 2025, provided the usual closure.
