Finally, on July 15, 2020, the two parties came to an agreement with a new deal worth about $1.67 billion. Key Strategies for a Secure and Productive Hybrid Workforce, From Vulnerable to Invincible: The Five-Step Journey to Complete Cloud Security, See No Evil Mozilla SLAMS Googles App Privacy Labels, Surprise! Thoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in assets under management as of March 31, 2021. Oct 20, 2020 Got an email from our CEO confirming that Thoma Bravo will be acquiring a controlling interest in our firm. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. However , https://www.proofpoint.com/us/blog/insider-threat-management/great-resignation-increasing-risk-data-loss-what-you-can-do-stop-it, Jun 28, 2022 And even as employees in the tech sector are affected by recent layoffs , the implication is the same: employee turnover puts sensitive data , https://news.crunchbase.com/cybersecurity/cybersecurity-abnormal-unicorn-proofpoint-insight-partners/, May 10, 2022 Proofpoint was founded as an email security solution, and while it added additional capabilities through the years it was still closely , https://www.indeed.com/cmp/Proofpoint/reviews. The announcement of the deal on Monday came four days after Thoma Bravo closed its previous top cloud acquisition the $10.2 billion purchase of RealPage, which serves the real estate industry. This model was successful enough for the company to go public in 2013. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. Any signing bonus is not worth the hassle of dealing with these spreadsheet jockeys. An inside view of ConnectWises reduction in force from msp, When asked whether more layoffs were coming, Jason said that without Covid the My company is a Thoma Bravo deal as well and your description of those , https://www.cnbc.com/2021/04/26/thoma-bravo-purchase-of-proofpoint-marks-top-private-equity-cloud-deal.html, Apr 26, 2021 Proofpoint shares surged 31% on Monday after private equity firm Thoma Bravo agreed to buy the security software vendor in a deal valued at , Buyout firm Thoma Bravo builds war chest for software companies, Thoma Bravos transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations , https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. Any time a private equity firm purchases a company in full, changes may occur. Learn about the latest security threats and how to protect your people, data, and brand. Its business model seems to be to engage in lawsuits against other security technology companies, forcing them to pay licensing fees. True to Insights past performance with Recorded Future, they have continued to invest and grow Armis, which had 372 employees at the end of 2020, a 41% growth rate. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. Trustwave was, in turn, acquired by Singtel in 2015. Sophos, Go to company page Medallia, Go to company page Thoma Bravo is a leading private equity firm that focuses on software and technology. Fortunately, no layoffs, no reduction in force as of now. Copyright 2023 Market Realist. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Marketing is drastically , Ellie Mae announces layoffs of 10% of its staff, May 20, 2019 Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo , a move that includes the layoff of about 10% of , https://www.ft.com/content/456f2fd7-f868-4ea6-abd7-fce34e783333, Dec 6, 2021 Thoma Bravos deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low . However, Thoma Bravo is unique due to its intense focus on the software space (and, more specifically, cybersecurity). Advisors Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Proofpoint, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as its legal counsel. Reduce risk, control costs and improve data visibility to ensure compliance. Proofpoint, backed by Thoma Bravo, made an offer for Mimecast that was 16% higher than the Permira agreement, but Proofpoint declined the higher offer inquiry amid antitrust concerns, Reuters said. Proofpoint 2023 State of the Phish-rapport . But attrition has been all time high, and then they put hiring freeze. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). Upon completion of the acquisition, Proofpoint stockholders were entitled to receive $176.00 in cash for each share of Proofpoint common stock they own. UltimatePP you think proofpoint is doing good under Thoma Bravo? "We are excited . AI-powered protection against BEC, ransomware, phishing, supplier riskandmore with inline+API or MX-based deployment. https://www.teamblind.com/post/Expecting-Layoffs-rqM1rqaD. These risks, as well as other risks associated with the transaction, are more fully discussed in the proxy statement filed with the U.S. Securities and Exchange Commission in connection with the transaction. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Proofpoints financial condition, results of operations, or liquidity. The cybersecurity and compliance firm Proofpoint has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction which values the. It had 281 employees at the time, and was down 50 by the close of 2020. He had to wait to quit so he gets that payout, Check out this post! The Fidelis Elevate platform provides security analytics, and is being marketed as an XDR product. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. But attrition has been all time high, and then they put hiring freeze. He was a Research VP at Gartner. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. How was the transition, where there a lot of layoffs?How did they compensate the employees? Compare that to Crowdstrike, which is trading at 50x 2020 revenue, and Zscaler trading at 60x. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. SailPoint wasn't even their largest cybersecurity acquisition by a long shot. Raytheon paid $1.9 billion for an 80% stake in Websense in April 2015. Youll be emailing , An inside view of ConnectWises reduction in force from msp, But they acquired SolarWinds in 2016 and their acquisition of ConnectWise wasnt until 2019. Private equity firm Thoma Bravo has completed its acquisition of Proofpoint (NASDAQ: PFPT) and shares of the cybersecurity company stopped trading on the Nasdaq, effective today. The $800 million second-lien secured term loan is not rated. Thoma Bravo has invested in multiple sectors such as Cybersecurity, Banking Tech, GRC Software and more. Keep up with the latest news and happenings in the everevolving cybersecurity landscape. post regarding Riverbed , Thoma Bravo is Brutal post regarding Qlik Technologies Inc , My company has been acquired by Thoma Bravo. In January 2016, the entity was spun off from Raytheon and branded as Forcepoint. Significant , https://www.teamblind.com/post/proofpointmedallia-outcome-of-thoma-bravo-purchase-YdfZ7Lkk, Mar 22, 2022 Fortunately, no layoffs , no reduction in force as of now. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. (I did hear someone who was an employee for 7 years got 7 weeks severance, still a joke), Have found TB acquisition really energizing. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. In April, the firm said it would buy Proofpoint Inc. in an all-cash transaction that values . The private equity . Anaplan, Go to company page The firm has offices in Chicago, Miami and San Francisco. Proofpoint Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. 51 reviews from Proofpoint employees about Proofpoint culture, salaries, benefits, work-life balance, management, job security, and more. Save my name, email, and website in this browser for the next time I comment. If youre at a company that is being acquired, start dusting off your resume and leave. Thoma Bravo Lacks Options with Proofpoint, Apr 28, 2021 Employees are faced with layoffs , years of stalled product innovation and the imposition of cost-saving measures. Secure access to corporate resources and ensure business continuity for your remote workers. Jun 3, 2022 Elon Musk says Tesla will lay off 10% of its salaried employees. Its terrible. More inside scoop? For more information, visit thomabravo.com. Proofpoint also disclosed Q1 2021 financial results today. Thoma Bravo, the private equity firm that completed the acquisition in March, had other plans as reported at IBL News on January 26th [emphasis in original]. More information is available at www.proofpoint.com. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. His clients are vendors, investment firms, and CISOs at large enterprises. Last year alone saw 72 acquisitions by private equity. Thoma Bravo has been an active investor and buyer in the cybersecurity market. https://www.ft.com/content/456f2fd7-f868-4ea6-abd7-fce34e783333, Dec 6, 2021 Thoma Bravos deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low . https://www.teamblind.com/post/Proofpoint-Medallia-outcome-of-Thoma-bravo-purchase-YdfZ7Lkk, Mar 22, 2022 Fortunately, no layoffs , no reduction in force as of now. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. Under the terms of the all-cash agreement, Proofpoint shareholders will receive $176 per share. Proofpoint Announces CFO Transition. Eng, Compensation has been poor, attrition is sky high, wlb is non existent. As a rule, I am not a fan of financial shenanigans. The firm, known for its investments in. . Public company Forescout Technologies was taken private by Advent International with additional backing from Crosspoint Capital Partners. investor-relations@proofpoint.com (408) 585-4351. This communication contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Looking back on the last two years, it is apparent that cybersecurity is viewed as hot by private equity firms. It was then called Raytheon|Websense. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. I have a job offer at proofpoint and They are saying there wont be layoffs. Medallia, Go to company page Proofpoint announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction that values Proofpoint at approximately $12.3 billion.. It dropped 100 people after the sale to Symphony; probably attributable to the BSAFE team staying with Dell. https://www.crn.com/slide-shows/security/10-things-to-know-about-the-thoma-bravo-proofpoint-deal-and-stock-hike, Apr 26, 2021 Heres a look at the fallout of Thoma Bravos record-breaking acquisition of Proofpoint , including why this deal is likely to kick off a , Mimecast Rejects Thoma Bravo, Proofpoint Buyout Offer: Report, Jan 14, 2022 Mimecast rejected Proofpoint /Thoma Bravo buyout offer because of potential The company confirmed targeted layoffs in February 2021, , https://www.theinformation.com/articles/musk-s-super-bad-feeling-an-amazon-exec-ships-out. Deliver Proofpoint solutions to your customers and grow your business. Proofpoint's board has unanimously approved . Thoma. These forward-looking statements are based on Proofpoints current expectations, estimates and projections about the potential benefits of the transaction, its business and industry, managements beliefs and certain assumptions made by Proofpoint and Thoma Bravo, all of which are subject to change. Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint Inc. in a deal it said values the business at about $12.3 billion. In a deal described as underlining its status as a powerhouse in the sector, cyber security and compliance company Proofpoint is to be acquired by private equity (PE) firm Thoma Bravo. Meanwhile, Finjan Holdings maintained ownership of Finjans patent portfolio. That number dropped to 1,007 by the end of the year. You have time but change will come within 1-2 years. About Thoma BravoThoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. Defend your data from careless, compromised and malicious users. US DoD Server Had no Password 3TB of Sensitive Data Leaked, Cowbell Adds Free Cybersecurity Services for Insurance Policy Holders, Microsoft FAIL: BlackLotus Bootkit Breaks Secure Boot, Organizations Struggle WithCCPA, CPRA, GDPR Compliance, Add your blog to Security Bloggers Network. Did TB disclose anything? The US buyout. As a rule, I am not a fan of financial shenanigans. The cuts amount to less than 1% of Citigroup's . All other trademarks contained herein are the property of their respective owners. Thoma Bravo will likely spend time directly helping to manage these companies and infiltrate themselves into the business to better understand what direction they want to take it. The Home of the Security Bloggers Network, Home Security Boulevard (Original) Thoma Bravo Lacks Options with Proofpoint. RealPage It was great until Thoma Bravo Glassdoor, Dynatrace Employee Reviews about thoma bravo Glassdoor, My company has been acquired by Thoma Bravo. 20 answers No layoffs except ~100 in commercial sales which isnt a priority for TB. Forcepoint journey has taken a long and winding road. Email is still the primary vector for cyberattacks, and Proofpoint was the largest standalone email security company. The cybersecurity company Proofpoint said it has agreed to be acquired by the private -equity firm Thoma Bravo for $12.3 billion in cash, or about $176 a share, up about 34% from Friday's . Proofpoint has become the latest sizable tech vendor to succumb to private equity after Thoma Bravo succeeded in its $12.3bn grasp for the infosec giant. 7 day notice, two week severance, no accelerated vesting so we miss the vest by 30 days. The company said this. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. How Does a Data Breach Take Place in an Organization? Learn about our global consulting and services partners that deliver fully managed and integrated solutions. Proofpoint, Inc. investor-relations@proofpoint.com (408) 585-4351 About Thoma Bravo Thoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in. See Also . These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. SUNNYVALE and SAN FRANCISCO, Calif., August 31, 2021 - Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. Episodes feature insights from experts and executives. Shareholders are set to get $176 per share in cash, 34 per cent more than Proofpoint's closing share price on 23 April, according to bid details. Thoma Bravo used $675 million in cash and raised $1.8 billion in debt to buy Compuware and then split off Dynatrace as a separate company. Market Realist is a registered trademark. It's a bad time. In 2017 it acquired Skyfence, a cloud access security broker (CASB) product from Imperva. Thoma Bravo Lacks Options with Proofpoint, Apr 28, 2021 Employees are faced with layoffs , years of stalled product innovation and the imposition of cost-saving measures. U.S. private equity giant Thoma Bravo is acquiring SailPoint in an all-cash deal worth about $6.9 billion, the cybersecurity company announced Monday. Everyone I knew was just recruiting all the time. How many people were fired after Thoma Bravo acquired you? This list of organizations invested in by Thoma Bravo provides data on their funding history, investment activities, and acquisition trends. Todays cyber attacks target people. Should I not even entertain the idea of a job offer with them anymore? Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. Thoma Bravo is paying $176 per share, for a 34% premium to the closing share price before the announcement. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, could, seek, see, will, may, would, might, potentially, estimate, continue, expect, target, similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. The firm has offices in Chicago, Miami and San Francisco. We are hiring..no stopping that..lets see what TB says when mgmt meets with them later this week. Proofpoint does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Thoma Bravo has had little trouble finding companies to buy, including ones that are publicly traded. Lets see how many more , https://www.crn.com/slide-shows/security/10-things-to-know-about-the-thoma-bravo-proofpoint-deal-and-stock-hike, Apr 26, 2021 The Thoma Bravo Proofpoint deal will be the largest acquisition in cybersecurity history, beating out Broadcoms $10.7 billion purchase of , https://www.spcorders.co.za/gnk/thoma-bravo-proofpoint-layoffs, Thoma Bravo agreed to acquire Proofpoint , a cybersecurity and compliance company, for $12.3bn. You can see why Thoma Bravo thought Proofpoint was undervalued and worth paying a 60% premium to the market for its shares. Thanks. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Shargo: Not completely random, but reasonable behind the decided price for the equity isnt perfect. With a market capitalization of $7.5 billion, it was trading at a bit over 7x revenue. Thoma Bravo post acquisition experiences? Proofpoint common stock has ceased trading and is no longer listed on the Nasdaq stock exchange. Still other times, the firm who purchased the company may turn around and sell it again. Apr 26, 2021 Proofpoint Inc. Thoma Bravo has agreed to take cyber security company Proofpoint private in a $12.3bn deal, as the technology-focused private equity firm continues its push for bigger deals. Manage risk and data retention needs with a modern compliance and archiving solution. We hit a 150+% bonus payout last year which was pretty nice. Layoffs are coming(senior leadership across the board is looking for the exit), etc. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in 100 full-time employees losing their jobs. Save my name, email, and website in this browser for the next time I comment. They cut across the org - DevOps got sent offshore first, followed by a lot of SWE. Private equity firm Thoma Bravo is acquiring cybersecurity and compliance startup Proofpoint in an all-cash $12.3 billion deal. . Thoma Bravo always does a 15-20% RIF a few months after the deal closes. February . However, our CEO will be leaving in April 2022 on his own, which is bad for us. The company has spent over $ 97.92B for the acquisitions. Most of our engineering/devOps/implementation teams are already offshore, so lets see what happens. Is bonus performance based or based on ebidta. Fitch has also assigned a 'BB-'/'RR2' to Proofpoint's $250 million secured revolving credit facility (RCF) and $2.6 billion first-lien secured term loan. Raytheon purchased Vista Equitys remaining Forcepoint stake in January 2020 for $588 million, and then announced in October 2020 that it was selling the whole company to another private equity firm, Francisco Partners. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? It showed revenue growth of 15% in the first quarter of 2021; $288 million. April 26 (Reuters) - Private equity firm Thoma Bravo said on Monday it would buy Proofpoint Inc (PFPT.O) in an all-cash deal that valued the cybersecurity firm at about $12.3 billion, at a. The private equity firm has more than $103 billion in assets , https://news.crunchbase.com/cybersecurity/cybersecurity-abnormal-unicorn-proofpoint-insight-partners/, May 10, 2022 equity giant Thoma Bravo bought publicly traded Proofpoint for $12.3 billion. Save my name, email, and website in this browser for the next time I comment. At Anaplan, weve been told our invested RSUs for the fiscal year will be accelerated and paid out at close. They recently acquired Continuum Managed Solutions and fired 150 people within a week in a mere 2 hours without specifying any , https://www.quora.com/My-company-has-been-acquired-by-Thoma-Bravo-Should-I-consider-changing-my-job, Sep 6, 2018 After an acquisition , how long before severance packages are offered due to layoffs /downsizing? I was also worried after reading about Thoma Bravo history with what they did with some of the companies they bought. Thoma Bravo is a private equity firm with a focus on investing in software and technology companies. We are under hiring pause till end of q1 23. RSA Security grew slightly during the first three quarters of 2020, from 3,161 to 3,172 employees. Looking for answers as we are about to go through a similar boat now. It isn't clear yet what Thoma Bravo has planned for Ping Identity and SailPoint. Dec 6, 2021 Thoma Bravo's deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low Related Thoma Bravo Proofpoint Layoffs July 24, 2022 In "T Layoffs" Thoma Bravo Realpage Layoffs October 1, 2022 In "T Layoffs" Thoma Bravo Layoffs October 12, 2022 In "T Layoffs" Before the transaction was completed in September 2020, RSA transferred ownership of the core BSAFE libraries to Dell, along with the associated customer contracts. The all-cash deal will take Proofpoint off the stock market and make it a . We believe that as cyber threats continue to evolve, Proofpoints people-centric security and compliance strategy along with its innovative product suite will allow Proofpoint to drive significant growth and offer protection to even more customers as a private company.. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. DENVER , August 3, 2022 / PRNewswire / -- Ping Identity (NYSE: PING), provider of the Intelligent Identity solution for the enterprise, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, for $28.50 per share in an all-cash transaction valued at an Enterprise Value . Thoma Bravo is n van de grootste software-investeerders ter wereld, met meer dan $120 miljard aan beheerd vermogen (per 30 september 2022). Thoma Bravo has made 63 acquisitions and 72 investments. Its recent $12.3 billion purchase of Proofpoint, . At the time, Forescout had 1,133 employees. Sometimes, CEO and other executive replacements occur. Finjan has a storied past. post regarding Riverbed . AI-powered phishing: Chatbot hazard or hot air? Marketing is drastically . We are looking forward to working closely with Gary and the Proofpoint team to leverage Thoma Bravos deep cybersecurity expertise to help propel the companys continued innovation and growth. Chicago-based private equity firm Thoma Bravo makes a business out of buying companies but what does it mean for acquired brands after the deal gets finalized? Proofpoint Engaged Employer Overview 767 Reviews 160 Jobs 868 Salaries 249 Interviews 272 Benefits 37 Photos 268 Diversity + Add a Review Proofpoint Reviews Updated Feb 28, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 700 of over 768 Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Oldest First Privacy Policy At face value, fair enough. Employees are faced with layoffs, years of stalled product innovation and the imposition of cost-saving measures. Proofpoint is a leading cybersecurity company that protects organizations' greatest assets and biggest risks: their people. Hello to people who were part of the companies that Thoma Bravo acquired. It finally ended up as part of a portfolio of products at Trustwave, an MSSP in Chicago. Only sales will continue to hire. Fortunately, no layoffs, no reduction in force as of now. In light of the announced transaction with Thoma Bravo, Proofpoint has cancelled its earnings conference call previously scheduled for April 29, 2021. SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and. Did TB make any promises to Proofpoint that they reneged on? Any layoffs happened ? Latest Company & Industry Overviews News and Updates. These forward-looking statements are based on Proofpoints current expectations, estimates and projections about the potential benefits of the transaction, its business and industry, managements beliefs and certain assumptions made by Proofpoint and Thoma Bravo, all of which are subject to change. Thoma Bravo is considered the successor to previously existing firm Golder Thoma & Co. Other executives likely hold a substantial stake in the firm, which maintains $70 billion in assets under management. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings.
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