Proofpoint is acquiring Hornetsecurity, a German-based provider of Microsoft 365 security solutions, to enhance its human-centric security offerings. The deal aims to expand Proofpoint’s capabilities and market reach, especially for SMBs.
Affected: Proofpoint, Hornetsecurity, SMBs, cybersecurity market.
Affected: Proofpoint, Hornetsecurity, SMBs, cybersecurity market.
Keypoints
- Proofpoint is acquiring Hornetsecurity for approximately $1 billion to strengthen its cybersecurity portfolio.
- Hornetsecurity specializes in Microsoft 365 security, email security, and data protection solutions.
- The acquisition will enhance Proofpoint’s human-centric security features for small and medium-sized businesses.
- Hornetsecurity generates over $160 million in annual recurring revenue and serves more than 125,000 customers worldwide.
- This acquisition continues Proofpoint’s strategy of expanding through major cybersecurity mergers and acquisitions.
Read More: https://www.securityweek.com/proofpoint-to-acquire-hornetsecurity-in-reported-1-billion-deal/