Proofpoint, Inc., (NASDAQ: PFPT) said it has agreed to acquire Armorize Technologies, Inc., a leading developer of cloud-based (SaaS) anti-malware products.
The acquisition will bring a new set of real-time dynamic detection technology for next-generation threats and malware to Proofpoint´s already robust capabilities, further enhancing and accelerating Proofpoint´s Targeted Attack Protection product. Under the terms of the agreement, Proofpoint will pay approximately USD25.0m in cash. The acquisition has been approved by the Proofpoint board of directors and by the requisite Armorize shareholders and is expected to close in the third quarter of 2013.
Proofpoint is a leading security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. More information is available at www.proofpoint.com.