Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Proofpoint to Acquire Israeli-Founded Cybersecurity Company ObserveIT for $225 Million
Error: Contact form not found.
by Meir Orbach / CTech
A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. Photo: REUTERS/Kacper Pempel/Illustration/
CTech – Nasdaq-listed cybersecurity company Proofpoint announced on Sunday a definitive agreement to acquire internal threat management company ObserveIT for $225 million. The deal is expected to be completed by the end of the year, subject to customary closing conditions.
Founded in 2006 by Gaby Friedlander and Avi Amos, ObserveIT is headquartered in Boston with a research and development center in Israel. The company raised $53 million to date according to Crunchbase, and Bain Capital Ventures, the venture capital division of US-based asset management company Bain Capital, is a major shareholder. ObserveIT employs 150 people, 70 of them in Israel, and has over 1,800 customers across 87 countries.
Proofpoint, which has a market capitalization of around $6.6 billion, employs 2,600 people globally. Following the acquisition, ObserveIT’s Israeli employees will be integrated into Proofpoint’s Israeli research and development center, which currently employs around 100 people.
The acquisition will enable Proofpoint to increase its data loss prevention (DLP) offering, the company said.
This is Proofpoint’s third Israeli acquisition. In May, the company signed a deal to acquire Tel Aviv-based cybersecurity startup Meta Networks for $120 million. In 2016, it paid around $55 million for cloud cybersecurity company FireLayers.
