Security News > 2021 > February > Proofpoint acquires InteliSecure to strengthen its cloud-based people-centric security platform

Proofpoint has entered into a definitive agreement to acquire InteliSecure.

With this acquisition, Proofpoint looks to strengthen its cloud-based people-centric security platform by enhancing customers' ability to protect critical data in diverse environments.

Under the terms of the agreement, Proofpoint will acquire InteliSecure for $62.5 million in cash, subject to customary purchase price adjustments.

"The acquisition of InteliSecure will support our ability to collectively help our customers and partners with people-centric managed security services that leverage the technology and deep expertise of InteliSecure applied across Proofpoint's market leading security and compliance platforms. We eagerly anticipate welcoming InteliSecure's employees to the Proofpoint team."

Proofpoint believes there is a multi-billion-dollar addressable market associated with helping customers and partners through people-centric managed security services that leverage the technology and deep expertise of InteliSecure, applied across Proofpoint's market leading security and compliance platforms.

For the first quarter of 2021, Proofpoint does not expect InteliSecure to have any material impact to its financial outlook for the quarter.

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