Proofpoint to acquire VC-backed Emerging Threats for about $40 mln

Proofpoint has agreed to buy Emerging Threats, an Indianapolis-based cybersecurity research company. The value of the transaction is about $40 million. Emerging Threats’s backers included Elevate Ventures and HALO Capital Group. PRESS RELEASE SUNNYVALE, CA–(Marketwired – Mar 2, 2015) – Proofpoint, Inc., (NASDAQ: PFPT), a leading next-generation security and compliance company, has entered into a definitive agreement to acquire Emerging Threats, a leading provider of advanced threat intelligence, for approximately $40 million in cash and stock. Proofpoint will integrate Emerging Threats’ advanced threat intelligence with its existing Targeted Attack Protection and Threat Response security solutions to deliver another significant step forward in advancing the state of the art for advanced threat detection and response, across the complete attack chain. Emerging Threats uses an automated collection and analysis system, along with a team of expert threat researchers, to produce actionable threat intelligence for detecting, blocking and remediating advanced cyberattacks. The combined technology will provide customers with deeper insight into cyberthreats, enabling them to react faster to inbound cyberattacks, and to identify, block, and disable previously undetected malware already embedded in their organizations. “Better cyberattack intelligence enables better cybersecurity,” said Gary Steele, CEO at Proofpoint. “Proofpoint’s market-leading advanced threat detection and response products for email and social media security and compliance will be further enhanced by pairing them with Emerging Threats’ deep research and intelligence capabilities. We believe that the combination of Proofpoint and Emerging Threats provides the most timely, actionable end-to-end attack intelligence and protection available in the industry.” Emerging Threats’ systems gather millions of malware samples and other global threat indicators per day to develop intelligence about advanced cybercriminal malware distribution and command and control (C&C) infrastructure. This system collects, validates, filters and prioritizes malware samples into actionable intelligence; intelligence which provides immediate benefits to a customer’s security infrastructure. The combination of Emerging Threats’ threat intelligence with Proofpoint’s existing big data platform and threat analytics systems will provide compounded benefits in both detection and response capabilities.
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