Proofpoint’s $1 Billion Bet: Hornetsecurity Acquisition Set to Sting Competitors
Proofpoint is acquiring Hornetsecurity, a Microsoft 365 security solutions expert, for a reported $1 billion. This move aims to enhance Proofpoint’s human-centric security capabilities, especially for SMBs. Hornetsecurity’s impressive ARR of over $160 million will certainly help pay for all those Microsoft 365 security solutions.
Hot Take:
Looks like Proofpoint is taking the “hornet’s nest” approach to cybersecurity by acquiring Hornetsecurity. Let’s hope they don’t get stung by the reported $1 billion price tag! With this acquisition, Proofpoint is buzzing its way to being the ultimate cybersecurity hive. Ready the honey, folks, because things are about to get sweet—or sticky!
Key Points:
- Proofpoint acquires Germany-based Hornetsecurity for a reported $1 billion.
- Hornetsecurity specializes in Microsoft 365 security and has over 125,000 customers.
- The acquisition is expected to enhance Proofpoint’s human-centric security capabilities.
- Hornetsecurity’s annual recurring revenue is over $160 million.
- Proofpoint has been on an acquisition spree, with several cybersecurity-related purchases in recent years.
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