NEW PYMNTS DATA: CRYPTOCURRENCY PAYMENTS STUDY – MAY 2021. The take-private values Proofpoint at about $12.3 billion. Though the acquisition makes Proofpoint a private company, it will still have the flexibility and resources to bring cybersecurity and compliance solutions to companies and individuals worldwide, according to the release. Thoma Bravo Advantage Files Definitive Proxy on $11.1B ironSource Deal. Crescent Files Definitive Proxy on $840M LiveVox Deal. Proofpoint, Inc. (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a … “Proofpoint has established itself as a true powerhouse in the cybersecurity sector due to its innovative suite of market-leading products and impressive customer base of leading companies around the world,” said Thomas Bravo partner Chip Virnig. May 20, 2021. Biden's solar ambitions collide with China labor complaints. © 2021 TheStreet, Inc. All rights reserved. He added that this made Proofpoint the first cybersecurity and compliance company based on Software-as-a-Service to reach that milestone. “We have made tremendous strides in expanding the sophistication and scale of our offerings, and in 2020 we generated more than $1 billion in annual revenue,” Steele said. Thoma Bravo Advantage announced a deal to acquire ironSource, a business platform for the app economy. The Proofpoint deal, which values the group at $12.3 billion,  also includes a 45-day 'Go Shop" period that will expire on June 9. Cooperation between competitors is also a priority in order for cybersecurity to offer the most protection. QQQ 327.01. Insider Q&A: Economist Joel Naroff on the inflation threat . Top-5, Top-20 Best SPAC rankings, SPAC statistics, SPAC warrant listing, SPAC units, SPAC SEC filings, SPAC list with a comprehensive SPAC database, IPO dates, SPAC underwriters. About The Study: U.S. consumers see cryptocurrency as more than just a store of value: 46 million plan say they plan to use it to make payments for everything from financial services to groceries. Now, IronSource has merged into a SPAC sponsored by Thoma Bravo, the Silicon Valley private equity titan that manages $80 billion in software holdings, tops in the PE industry. The company had repurchased 209,000 shares at an average price of $124.87 in Q1. The deal reflects an enterprise value of $10.3bn and includes a $1.3bn PIPE led by Thoma Bravo. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. “We determined this premium, all-cash offer and partnership would create immediate and certain value for shareholders and help us achieve our operational and market ambitions more quickly for the benefit of our customers,” Evan said. The Proofpoint deal, which values the … Proofpoint shareholders will receive $176 in cash for each outstanding share, a 33.55% premium to its Friday closing price, in a deal that will see it taken off the Nasdaq and mark the second take-private deal from Thoma Bravo this year, following the $11.1 billion deal for app software group ironSource through Thoma Bravo Advantage  (TBA) - Get Report, a special purpose acquisition company, or SPAC, that went public in January. Top-5, Top-20 Best SPAC rankings, SPAC statistics, SPAC warrant listing, SPAC units, SPAC SEC filings, SPAC list with a comprehensive SPAC database, IPO dates, SPAC underwriters. Cybersecurity group Proofpoint will exit the Nasdaq and become a private company following its $12.3 billion takeover by Thoma Bravo. Altimar Shareholders Approve Blue Owl Capital Roll-Up. May 18, 2021. The deal values IronSource at $11.1 billion. Proofpoint canceled its earnings conference call due to the Thoma Bravo … In the Cryptocurrency Payments Report, PYMNTS surveys 8,008 cryptocurrency users and nonusers in the U.S. to examine the ways in which they plan to use crypto to make purchases, what crypto they plan to use — and how merchant acceptance can influence merchant choice and consumer spend. SPAC Alpha’s expectations with regard thereto or any changes in events, conditions or circumstances on which any Forward Looking Information is based. Dana Evan, lead independent director, board of directors, Proofpoint, said that the transaction will benefit the company and all its stakeholders, including shareholders, employees and customers. May 20, 2021. Private equity firm Thoma Bravo is acquiring cybersecurity and compliance startup Proofpoint in an all-cash $12.3 billion deal. 3.60% ~ $ 10.93 | TBA - Thoma Bravo Advantage (Announced) 3.57% ~ $ 10.45 | NOAC - Natural Order Acquisition Corp (Pre-Deal) 3.45% ~ $ 13.81 | RSVA - … May 19, 2021. The Sunnyvale, California-based group also reported first-quarter non-GAAP earnings of 49 cents per share, 9 cents ahead of Street forecasts, on sales of $287.8 million. "In this cybersecurity arms race and with $500 billion of dry powder among PE/financial buyers and strategic players we expect a massive M&A spree in the software and cybersecurity space over the next 12 to 18 months. Cybersecurity group Proofpoint will exit the Nasdaq and become a private company following its $12.3 billion takeover by Thoma Bravo. No court decision on Suez Canal’s claim over massive vessel. "We look forward to partnering with the talented Proofpoint team and leveraging Thoma Bravo’s significant security and operational expertise to help accelerate the Company’s growth,” he added. SPAC tracker with commons, units, warrants live price data, including pre-market and after-hours and SPAC news. This 'Shark Tank'-Funded Support … May 18, 2021. Thoma Bravo and ironSource on $11.1 billion SPAC deal Squawk Alley At the purchase price of $176 a share, Thoma Bravo is valuing Proofpoint at about 9.5 times revenue for 2021. NextGen Acquisition Files Prelim Proxy on $2B Xos Deal. Robotics Firm Memic in Talks with SPAC: Report . PYMNTS research has found that more than a quarter of firms... You have successfully joined our subscriber list. Private equity firm Thoma Bravo is acquiring cybersecurity and compliance startup Proofpoint in an all-cash $12.3 billion deal. On Friday (April 23), its last day of trading, Proofpoint had a market cap of $7.5 billion. Steele added that as a private company, Proofpoint can “be even more agile” and can stay ahead of new threats while cementing its leadership position in the cybersecurity industry. The agreement gives Proofpoint shareholders $176 per share in cash, roughly 34 percent over the company’s closing share price. Un libro è un insieme di fogli, stampati oppure manoscritti, delle stesse dimensioni, rilegati insieme in un certo ordine e racchiusi da una copertina.. Il libro è il veicolo più diffuso del sapere. Thoma Bravo agreed to acquire Proofpoint, Inc., a cybersecurity and compliance company, in an all-cash transaction. Gary Steele, chairman and CEO of Proofpoint, said in a press release on Monday (April 26) that the acquisition by Thoma Bravo “underscores our important role” in the prevention of online hacks and the response to threats when they happen. S&P 500 4,155.86. SPAC tracker with commons, units, warrants live price data, including pre-market and after-hours and SPAC news. Merger Terminations. Traded on New York City’s Nasdaq until April 23, Proofpoint’s acquisition by Thoma Bravo will take the company private. Accordingly, undue reliance should not be placed upon the Forward-Looking Information. Action Alerts PLUS is a registered trademark of TheStreet, Inc. The transaction is expected to close in Q2 2021. Proofpoint  (PFPT) - Get Report agreed to a takeover deal with private equity group Thoma Bravo Monday that will value the cybersecurity group at more than $12 billion. Firms Using Payments Orchestration In 2021 Conducting Business At Speed And Scale, Cybersecurity Firm Darktrace Seeks London IPO, Cybersecurity Firm Agari Warns Of Email Capital Call, Payroll Scams, Snap Continues Acquisition Spree; Scoops Up 3D Mapping Developer, Bitcoin Daily: Bitcoin Back Up Above $53,000; Kansas City Chiefs' Sean Culkin Opts For Salary In Bitcoin, Buy Now Pay Later Redefines Credit Worthiness, Curation Models Fight Back Against Subscription Fatigue, Homebuying Makes Its Bid For The Digital-First Economy, Technology Unlocks Credit Union Member Partnership Opportunities, PYMNTS Proofpoint agreed to a takeover deal with private equity group Thoma Bravo Monday that will value the cybersecurity group at more than $12 billion. Conditions. In a PYMNTS interview with Karen Webster about cybersecurity, Johan Gerber, executive vice president of security and cyber innovation at Mastercard, said security integration has to start at the beginning of any innovation being introduced. Gary Steele, chairman and … Skip to main content. With Us, Terms & Proofpoint shares, which were briefly halted by the Nasdaq on Monday, surged 31.7% in early trading following news of the takeover to change hands at $173.60. REPORTS, Partner Connected devices are key to driving spend in the increasingly digital-first — and sometimes digital-only — economy, and the restaurant industry is no exception.... Real-time payments are piquing the interest of firms around the globe. Ford's (F) Electric F-150 Lightning to Debut With a $40,000 Starting Price Bitcoin on watch as Elon Musk said Tesla (TSLA) has 'diamond hands' Advanced Micro Devices, Inc. … View AGC's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. “As the sophistication of cyberattacks continues to increase, Proofpoint is delivering the most effective solutions to help organizations protect their data and people across digital platforms.". Thoma Bravo to buy Proofpoint for $12.3 billion Global real estate AUM rises 11% in 2020 to $4.1 trillion – survey Newer firms taking a fresh approach to recapitalization DOW 34,207.84. "This was a smart move for Proofpoint to take this very attractive offer and premium as the investment community continued to undervalue this core asset in the market and thus PFPT finally hit the bid," said Wedbush analyst Dan Ives. "While the Street has been worried about rotation fears and a 30 bps move on the 10-year, tech stocks have languished so far this year and created golden opportunities for M&A by strategic and financial buyers," he added.

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