With this acquisition, Proofpoint will extend its data loss prevention (DLP) capabilities
Sunnyvale, California-based cybersecurity firm Proofpoint has agreed to buy insider threat management firm ObserveIT for $225 million in cash.
With this acquisition, Proofpoint will extend its data loss prevention (DLP) capabilities with endpoint joining email, CASB, and data-at-rest to form an enhanced enterprise DLP offering.
The combination of ObserveIT’s leading lightweight endpoint agent technology and data risk analytics with Proofpoint’s industry leading information classification, threat detection, and intelligence, will give enterprises unprecedented insights into user activity with their sensitive data, wherever it resides.
In tandem, Proofpoint will invest in ObserveIT’s leading insider threat management solution, which empowers security teams to detect, investigate, and prevent potential insider threat incidents by delivering real-time alerts, and actionable insights into user activity in one easy-to-use solution.
The integrated solution will become part of the Proofpoint information protection suite and is expected to be available some time in 2020.
“Defending data requires the ability to detect risky insider threat behavior and risky user activity, and swiftly mitigate risk across cloud apps, email, and endpoints. We are the only security company that provides organizations with deep visibility into their most attacked people—and with ObserveIT, we will bring to market the first truly innovative enterprise DLP offering in years. We are thrilled to welcome ObserveIT’s employees and customers to Proofpoint,” said Gary Steele, chairman of the board and chief executive officer of Proofpoint.
“By joining with Proofpoint, we have the capabilities to completely disrupt the DLP space with a solution for comprehensive detection and prevention of sensitive data exfiltration,” ObserveIT’s CEO Mike McKee wrote in a blog post.