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Proofpoint Inc Acquires Sendmail, Inc

Tuesday, 1 Oct 2013 04:10pm EDT 

Proofpoint Inc announced that it has acquired Silicon Valley based Sendmail, Inc., a provider of solutions that simplify business messaging complexity and reduce IT infrastructure costs for enterprises throughout the world. The acquisition brings a set of technical talent to the Proofpoint engineering team and strengthens the Company's position in enterprise security and messaging. Under the terms of the merger agreement, Proofpoint paid approximately $23.0 million in cash. The acquisition was structured as a simultaneous signing and closing and requires no additional approvals. 

Company Quote

2.03 +4.21%
19 Dec 2014