Proofpoint to Obtain Armorize Technologies for $ 25 Million
Proofpoint will obtain cloud-primarily based anti-malware items provider Armorize Technologies for about $ 25 million in money.
Related Topics: armorize technologies, cloud computing, mergers and acquisitions, proofpoint, Security
Security as a service provider Proofpoint announced on Monday it will acquire cloud-based anti-malware items provider Armorize Technologies for about $ 25 million in cash.
The acquisition will bring a new set of genuine-time dynamic detection technology for threats and malware to Proofpoint’s capabilities, additional enhancing and accelerating Proofpoint’s Targeted Attack Protection solution.
The acquisition, which is anticipated to close in the third quarter, has been approved by the Proofpoint board of directors and by Armorize shareholders.
“We’ve been leveraging important Armorize technology in our purchase now Targeted Attack Protection for practically a year, and the effectiveness has been phenomenal,” mentioned Proofpoint CEO Gary Steele. “Acquiring Armorize solidifies Proofpoint’s top position in cloud-primarily based, next-generation threat detection technologies and provides us complete access to Armorize’s world-class malware research expertise.”
Armorize gives a range of threat protection technologies, such as dynamic threat protection, anomaly detection and malware sandboxing.
The company applied this technology to detect sophisticated and “zero day” malware across numerous threat vectors including on compromised web sites, in malvertising and as portion of Proofpoint’s anti-spearphishing answer Targeted Attack Protection.
Based in Nankang Computer software Park, Taipei, Taiwan, Armorize’s staff consists of a lot more than 35 Certified Ethical Hackers.
The staff specializes in cloud-primarily based threat intelligence, detection of ‘zero-day’ attacks and unknown vulnerabilities, genuine-time dynamic threat protection and sophisticated malware detection investigation.
Proofpoint says acquire now it expects the transaction to have an immaterial influence on revenues and billings in the course of the third quarter and full year of 2013.
Proofpoint provides a variety of services, including Proofpoint Enterprise Protection, Proofpoint Enterprise Privacy, Proofpoint Enterprise Archive, Proofpoint Enterprise Governance, and Proofpoint Essentials. These enterprise solutions enable organizations to preserve malicious content out of their environments stop the theft or inadvertent loss of sensitive e-mail information guarantee email archiving compliance with regulatory information protection mandates collect, securely retain, govern and find out sensitive data for compliance and litigation help and securely communicate and collaborate on sensitive information with clients, partners and suppliers.
In June 2008, Proofpoint acquired on-demand e mail archiving company Fortiva.
Internet Hosting News Alerts
Internet hosting news sent to your inbox
Leave a Comment
Originally posted 2013-08-27 13:25:28.