Proofpoint, Inc. (PFPT) Reports In-Line Q3 EPS; Issues Light Q4, FY14 Outlook

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Go back to Proofpoint, Inc. (PFPT) Reports In-Line Q3 EPS; Issues Light Q4, FY14 Outlook

Proofpoint, Inc. (PFPT) to Acquire Nexgate in $35M Deal

October 23, 2014 4:18 PM EDT

Proofpoint, Inc. (NASDAQ: PFPT) has entered into a definitive agreement to acquire Nexgate, a pioneer in security and compliance solutions for social media communication channels, for approximately $35.0 million in cash. Nexgate offers an award winning, cloud-based service that enables organizations to prevent abuse, add security and ensure compliance across leading social media channels, including Facebook, Twitter, LinkedIn, Google+, YouTube and more.

With this acquisition, Proofpoint customers can effectively protect their online brand presence and social media... More