Proofpoint Augments DLP Capabilities With ObserveIT Buyout
Zacks Investment Research | Nov 26, 2019 08:46PM ET
Proofpoint, Inc., (NASDAQ:PFPT) recently completed the acquisition of insider threat management company, ObserveIT, for $225 million.
The acquisition is expected to strengthen Proofpoint’s email and cloud access security broker data loss prevention (DLP) capabilities.
Reportedly, the combination of ObserveIT’s endpoint agent technology and data risk analytics, and Proofpoint’s threat detection capabilities will enable enterprises to monitor and look into user activity with their sensitive data. It will also help them identify the location of the activity and efficiently rectify the risk.
Proofpoint intends to convert ObserveIT’s licensing revenue model to a subscription-based one.
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