Proofpoint, Inc. has agreed to acquire NetCitadel for $24 million in cash.

CJ Arlotta, Associate Editor

May 20, 2014

1 Min Read
Proofpoint CEO Gary Steele says the acquisition will complement his company39s cloudbased security offerings
Proofpoint CEO Gary Steele says the acquisition will complement his company's cloud-based security offerings.

Proofpoint, Inc. (PFPT) has agreed to acquire Mountain View, Calif.-based NetCitadel for the purpose of expanding its advanced threat solutions portfolio.

The cloud-based security-as-a-service solutions provider announced the $24 million cash deal on Tuesday, noting that the acquisition will assist enterprises with preventing data breaches and data loss.

Proofpoint said the combination of disparate threat intelligence data with automated incident response will enable security professionals to respond to threats faster.

“NetCitadel’s incident response platform has been fulfilling a critical need for our customer base by slashing incident response times and cost,” said NetCitadel co-founder and former CEO Mike Horn, who is now vice president of threat and response products at Proofpoint.

“This technology is a natural complement to our cloud-based offerings and allows us to deliver a comprehensive advanced threat solution to all organizations, regardless of their existing IT security infrastructure,” Proofpoint CEO Gary Steele said in a prepared statement.

Proofpoint said NetCitadel’s security experts and software engineers have integrated with Proofpoint’s team in its nearby Sunnyvale, Calif.-based headquarters. 

NetCitadel’s ThreatOptics product will be re-launched as Proofpoint Threat Response, and it will be integrated with Proofpoint’s Targeted Attack Protection, the company said.

Follow CJ Arlotta on Twitter @cjarlotta and Google+ for further updates on the story above.

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About the Author(s)

CJ Arlotta

Associate Editor, Nine Lives Media, a division of Penton Media

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