tech:

taffy

Cybersecurity firm Proofpoint to acquire Tessian

Cybersecurity firm Proofpoint has announced a definitive agreement to acquire Tessian, a company specializing in AI-powered email security. Subject to regulatory approval and other customary closing conditions, the deal is expected to close between late 2023 and early 2024. Financial terms of the transaction were not disclosed.

Proofpoint focuses on shielding organizations from social engineering attacks with its AI and large language models. These methods have been effective in mitigating risks such as email fraud and supplier-based attacks. By acquiring Tessian, Proofpoint aims to bolster its existing threat and information protection capabilities. Tessian’s technology addresses issues like accidental data loss and risky user behaviors related to email.

The new offerings are expected to integrate natively with Microsoft 365 and Google Workspace, making it easier for Proofpoint’s channel partners to provide added value to their customers quickly.

Tessian’s product range including Guardian, Enforcer, and Defender will become part of Proofpoint’s offerings upon the completion of the acquisition.

Piper Sandler is acting as the financial advisor to Tessian.

You can find the Tessian blog post talking about the acquisition here.

[Image courtesy: Tessian]

Just in

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.