TechTaffy

Companies

Cloud-based revenue operations management and billing company Transverse has secured an investment of $25 million from German private equity firm Siedentopf. This brings total investment in the company to $47 million to date.

Security-as-a-service provider Proofpoint has entered into a definitive agreement to acquire Nexgate, a company that uses a cloud-based architecture for social media risk management. The transaction is valued at $35 million. As part of the acquisition, Nexgate’s team of security experts, software engineers and sales personnel will be joining Proofpoint’s team in its Sunnyvale headquarters.