Thoma Bravo's deal to take the company. 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 It dropped 100 people after the sale to Symphony; probably attributable to the BSAFE team staying with Dell. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. I have a job offer at proofpoint and They are saying there wont be layoffs. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. . 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. . We are hiring..no stopping that..lets see what TB says when mgmt meets with them later this week. It finally ended up as part of a portfolio of products at Trustwave, an MSSP in Chicago. 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. Proofpoint, Go to company page Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in 100 full-time employees losing their jobs. Thoma bravo has recently acquired proofpoint. Should I , Thoma Bravo Lacks Options with Proofpoint Security Boulevard, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Buyout firm Thoma Bravo goes from niche to big league, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. The announcement comes four days after Thoma Bravo closed its prior top cloud. In 2019, Bravo became the first billionaire born in Puerto Rico. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Terms and conditions However, our CEO will be leaving in April 2022 on his own, which is bad for us. While the list of factors presented here is, and the list of factors presented in the proxy statement is, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. 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! Fortunately, no layoffs, no reduction in force as of now. The all-cash deal will take Ping from public to private. Thoma. We caught up with him ahead of the Channel Partners Conference & Expo and co-located MSP Summit, Nov. 1-4. Should I trust the word or simply not accept the offer? Read the latest press releases, news stories and media highlights about Proofpoint. Everyone I knew was just recruiting all the time. investor-relations@proofpoint.com (408) 585-4351. The long-term problem for Proofpoint and now, Thoma Bravo is that its biggest competitor is a little company in Redmond called Microsoft. Under the . It just passed the billion-dollar revenue mark in 2020. Fortunately, no layoffs, no reduction in force as of now. 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. If youre at a company that is being acquired, start dusting off your resume and leave. I think you have got the answer in your other post. Sep 3, 2021 3 1. Special Meeting of Stockholders to Vote on Pending Acquisition by Thoma Bravo to be Scheduled for Later DateSUNNYVALE, Calif., June 14, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ: PFPT), a . Salespeople have to explain why the new ownership is better all around, while they contend with territories being rejiggered and adjust to new sales leadership. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. thoma bravo acquisitions layoffs . Eng, Compensation has been poor, attrition is sky high, wlb is non existent. Thoma Bravo said it's buying security software vendor Proofpoint in a deal valued at $12.3 billion. Did TB make any promises to Proofpoint that they reneged on? It also acquired SurfControl and Defensio. Help your employees identify, resist and report attacks before the damage is done. 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 Bravos acquisition of Proofpoint for approximately $12.3 billion in cash. More information is available at www.proofpoint.com. The company is well-run, making wise strategic investments in new technologies to stay relevant and growing nicely year over year. Proofpoint and medallia employees what has been your experience post the Thoma Bravo acquisition? Were there stocks given?#ellieMae #sophos #medallia #apptus #dynatrace #sirius #venafi, Go to company page He has held leadership roles at PwC, Webroot Software, Fortinet, and Blancco Technology Group. Under the terms of the all-cash agreement, Proofpoint shareholders will receive $176 per share. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. AnswerThePublic listens into autocomplete data from search engines like Google then quickly cranks out every useful phrase and question people are asking around thoma bravo on 02 Feb. It's a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. Thoma Bravo's transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations Thoma Bravo Completes Acquisition of Proofpoint https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint WhiteSource, an o pen source security firm, has acquired Diffend, an innovative software supply chain security service. Thoma Bravo achte Proofpoint dans le cadre d'un accord en espces de 12,3 milliards de dollars 0 2 minutes read La socit de cyberscurit et de conformit Proofpoint a annonc avoir conclu un rglement dfinitif devant tre obtenu par Thoma Bravo dans le cadre d'une transaction en espces qui valorise la socit environ 12,3 milliards de dollars. 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. When private equity shows up to a deal, it usually spells disaster for everyone but the investors. Learn about our unique people-centric approach to protection. The acquisition of Proofpoint by private equity firm Thoma Bravo is reaping rewards for the security provider's partners. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Compare that to Crowdstrike, which is trading at 50x 2020 revenue, and Zscaler trading at 60x. Forcepoint journey has taken a long and winding road. 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. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. Insider. 20 answers No layoffs except ~100 in commercial sales which isnt a priority for TB. Thoma Bravo post acquisition experiences? How did they handle unvested stock at acquisition? Despite the fact that private equity firms usually lay off lots of people, Thoma Bravo, the new expected owner, has promised that it won't reduce Instructure's staff on the new path to profitability. 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. The Home of the Security Bloggers Network, Home Security Boulevard (Original) Thoma Bravo Lacks Options with Proofpoint. 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. Some notable deals: Armis, one of the biggest IoT security vendors, had 263 employees when Insight Partners acquired them for a reported $1.1 billion valuation. Thoma Bravo has just cut one of the largest-ever checks by a private equity firm to fund its $12.3 billion purchase of cybersecurity company Proofpoint. Learn about this growing threat and stop attacks by securing todays top ransomware vector: email. As part of its rapid and successful transition to operating as a private company under Thoma Bravo, L.P. ownership, Proofpoint also announced an accelerated plan to hire over 600 people in 2022 . In April, the firm said it would buy Proofpoint Inc. in an all-cash transaction that values . . The firm, known for its investments in. 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. How were *unvested* RSUs handled? 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. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. People may receive compensation for some links to products and services on this website. Anaplan, Go to company page Lets see how many more , Yes, Thoma Bravo is Brutal. Any signing bonus is not worth the hassle of dealing with these spreadsheet jockeys. In a time of rising layoffs and cooled jobs market outlooks, employees of recently acquired companies may be wondering whats next. Sitemap, Thoma Bravo Completes Acquisition of Proofpoint. Websense was one of the first content URL filtering products. 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. See Also . 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. The cuts amount to less than 1% of Citigroup's . About Thoma Bravo. Did they affect (positively or negatively)your culture or day to day operations? You can see why Thoma Bravo thought Proofpoint was undervalued and worth paying a 60% premium to the market for its shares. I recorded them in Security Yearbook 2021. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction. While the list of factors presented here is, and the list of factors presented in the proxy statement is, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Vista Equity Partners then acquired Websense in 2013 for $906 million. Disarm BEC, phishing, ransomware, supply chain threats and more. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Did TB disclose anything? The deal, announced Feb. 6, 2020, was valued at $1.9 billion.
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