Proofpoint’s $1.8B Hornetsecurity Acquisition: A Billion-Dollar Buzz in Cybersecurity Expansion
Proofpoint has secured its European expansion by snapping up Hornetsecurity for a whopping $1.8 billion. With Hornetsecurity’s 365 Total Protection, Proofpoint is now the knight in shining armor for both enterprises and small businesses, ready to protect Microsoft 365 environments like never before.
Hot Take:
Well, it looks like Proofpoint just went on a shopping spree in the cybersecurity aisle and picked up Hornetsecurity like it was the last bottle of hand sanitizer during a pandemic! With a cool $1.8 billion price tag, this acquisition is sure to make waves in the cybersecurity world, kind of like a seagull at a beach picnic. Watch out, cybercriminals; Proofpoint’s got a new toy, and it’s ready to play hardball!
Key Points:
- Proofpoint acquires Hornetsecurity for a whopping $1.8 billion.
- The acquisition strengthens Proofpoint’s European presence and SMB market reach.
- Hornetsecurity will operate as a dedicated business unit for MSPs.
- Daniel Hofmann, the founder of Hornetsecurity, will lead the new unit.
- Hornetsecurity’s annual recurring revenue stands at $200 million with 20% annual growth.
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