trending Market Intelligence /marketintelligence/en/news-insights/trending/j5zejo1z5djo6_uclm9feq2 content esgSubNav
In This List

Proofpoint to acquire Wombat Security Technologies for $225M

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Proofpoint to acquire Wombat Security Technologies for $225M

Proofpoint Inc has agreed to acquire Wombat Security Technologies Inc. for $225 million in cash.

The transaction is expected to close in the first quarter, subject to customary closing conditions.

Proofpoint said adding Wombat would help its customers by providing and using data from phishing campaigns to conduct simulations and to distribute education tools to end users. The company said it expects the integrated solution will be made available as a part of Proofpoint's email solution suite in the first half of the year.

Proofpoint expects Wombat will increase the company's revenue range by $30 million to $32 million, reduce its non-GAAP net income range by $5 million to $6 million and increase the free cash flow range by $2 million.

The company's billings would also likely increase by $30 million to $32 million. Proofpoint's first-quarter 2018 non-GAAP net income would also likely slide by $1 million as a result of the potential transaction, the company said.