Proofpoint has acquired Hornetsecurity for $1.8 billion to expand its presence in the SMB market and Europe. This deal enhances Proofpoint’s cloud-native security offerings for Microsoft 365 environments, serving over 125,000 customers. #Hornetsecurity #Proofpoint #Microsoft365Security #SMBMarket #CybersecurityAcquisition
Keypoints
- Proofpoint completed a $1.8 billion acquisition of Hornetsecurity.
- The deal aims to strengthen Proofpoint’s position in the SMB market and Europe.
- Hornetsecurity’s platform, 365 Total Protection, secures Microsoft 365 cloud environments.
- Hornetsecurity generates nearly $200 million in annual recurring revenue with 20% growth.
- Daniel Hofmann will lead the new Hornetsecurity business unit as EVP and General Manager.
Read More: https://www.securityweek.com/proofpoint-completes-1-8-billion-acquisition-of-hornetsecurity/