Hannover-based cybersecurity firm sells to American opponents for a $1 billion deal
Proofpoint, a renowned cybersecurity giant, has made a big move, announcing its largest acquisition ever in Hannover, Germany. The lucky target is Hornetsecurity, a European powerhouse specializing in AI-driven security for Microsoft 365 applications catering to business clients.
According to recent reports, the purchase price for this business merger is a whopping $1 billion.
Now, let’s dive into the juicy details:
Involved Players
- Proofpoint: Known for designing cutting-edge human-centric security solutions, Proofpoint aims to be a force in the cybersecurity realm.
- Hornetsecurity: This pan-European company excels in AI-powered Microsoft 365 security, data protection, compliance, and security awareness services.
Financial Breakdown
- The Billion-Dollar Deal: The exact financial terms of the agreement haven’t been officially revealed, but media gossips claim it's valued at around $1 billion, like a juicy secret.
- Revenue Boost: Hornetsecurity's impressive figures bring $160 million in annual recurring revenue (ARR) to Proofpoint's coffers, with an impressive 20% year-over-year growth rate.
Impact on the Security Landscape
- Global Strength: The merger will boost Proofpoint’s human-centric security solutions for small- and mid-sized businesses (SMBs) across the globe.
- Combined Might: Proofpoint and Hornetsecurity aspire to create a formidable security standard by merging their complementary platforms, fueled by shared threat intelligence.
Hornetsecurity’s Worldwide Reach
- Headquarters: Nestled in Hannover, Germany, Hornetsecurity boasts nearly 125,000 loyal clients across Europe.
- Channel Partners: The company partners up with over 12,000 channel partners and Managed Service Providers (MSPs) to serve customers in more than 120 countries.
Lookout for the Closure
- Timeline: The acquisition is expected to seal in the second half of 2025, assuming all customary closing conditions are met.
This strategic move by Proofpoint is yet another step in their mission to strengthen their presence in European markets and propel their global expansion. Get ready, world! The digital security battlefield just got a bit more intense. Stay tuned! 🔮💼🚀
In this acquisition, the cybersecurity giant Proofpoint has announced the purchase of Hornetsecurity, a European company specializing in AI-driven security for Microsoft 365 applications, marking Proofpoint's largest technology-driven acquisition ever. The deal, valued at roughly $1 billion, will bring $160 million in annual recurring revenue (ARR) to Proofpoint, boosting their human-centric security solutions for small- and mid-sized businesses (SMBs) globally.
