Proofpoint Buys Nexgate


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.

[Image courtesy: Nexgate]

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