Reuters logo
BRIEF-Proofpoint enters agreement to acquire Cloudmark for $110 mln in cash
November 7, 2017 / 12:43 PM / 14 days ago

BRIEF-Proofpoint enters agreement to acquire Cloudmark for $110 mln in cash

Nov 7 (Reuters) - Proofpoint Inc

* Proofpoint enters into definitive agreement to acquire Cloudmark for $110 million in cash; strengthens industry-leading investment in messaging security and threat intelligence

* Proofpoint Inc - ‍expects Cloudmark to have no material impact to its financial outlook for q4 and full year 2017​

* Proofpoint Inc - ‍Cloudmark’s global threat network will be incorporated into Proofpoint’s nexus platform​

* Proofpoint Inc - ‍expects Cloudmark to have contribution to its financial outlook for fy 2018 by increase revenue range by $20 - $25 million to $664 - $673 million​

* Proofpoint Inc - ‍expects Cloudmark to have contribution to financial outlook for fy 2018 increase in billings range by $20 -$25 million to $818 - $827 million​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below