Today, cybersecurity firm Proofpoint — which provides SaaS products to protect businesses’ email, social media and other services — announced that it would pay $110 million to acquire Cloudmark, another firm that provides security protection for messaging services, focusing specifically on serving the ISP and mobile carrier markets.
“We are excited to welcome Cloudmark’s ISP and mobile carrier customers to Proofpoint,” said Gary Steele, Chief Executive Officer of Proofpoint. “By combining the threat intelligence from Cloudmark with the Proofpoint Nexus platform, we can better protect all of our customers – both enterprises and ISPs – from today’s rapidly evolving threats.”
Cloudmark is an old stalwart in the security space, founded in 2001. It had raised $39 million in funding from investors that included Nokia Growth Partners, Ignition Partners, FTVentures and Summit Partners. Proofpoint has been public since 2012 and currently has a market cap of over $4 billion. It said that the deal will increase its full-year revenue range by $20 million to $25 million to between $664 million and $673 million.