Proofpoint Inc. has completed its acquisition of Wombat Security Technologies Inc.
Proofpoint said that through the acquisition, its customers will gain access to phishing campaigns as seen by non-Proofpoint customers, providing broader visibility and insight to its technology platform.
The company expects the purchase of Wombat Security Technologies to increase its revenue range in the first quarter to $151 million to $153 million, from $149 million to $151 million. Non-GAAP net income, however, is now projected to be approximately $7.5 million to $8.5 million, versus prior estimates of $8 million to $9 million.
Free cash flow is still expected to be $22 million to $24 million.
For full year 2018, the estimated revenue range has increased to $691 million to $696 million, from $660 million to $665 million, but non-GAAP net income is now expected to be between $46 million and $50 million, compared to prior expectations of $52 million to $56 million.
Proofpoint expects free cash flow to increase to approximately $140 million to $142 million, from the previous range of $138 million to $140 million.
