Proofpoint has signed a deal with Thoma Bravo under which the cybersecurity firm will become a wholly owned subsidiary of the private equity firm. The acquisition will cost around $12.3 billion, according to Thoma Bravo.
Proofpoint shareholders will earn $176 per share under the terms of the all-cash deal. This represents a 34% premium over Proofpoint’s closing share price on April 23, 2021, according to the firm.
Proofpoint will become a private corporation with the freedom and ability to continue delivering powerful cybersecurity and regulatory tools to secure individuals and organizations around the world, the company said in a statement.
To Read More: ZDNet
