Cloud Computing: Proofpoint Acquires NetCitadel to Expand Advanced Threat Solutions Portfolio

Grazed from TalkinCloud.  Author: CJ Arlotta.

Proofpoint, Inc. (PFPT) has agreed to acquire Mountain View, Calif.-based NetCitadel for the purpose of expanding its advanced threat solutions portfolio.  The cloud-based security-as-a-service solutions provider announced the $24 million cash deal on Tuesday, noting that the acquisition will assist enterprises with preventing data breaches and data loss.

Proofpoint said the combination of disparate threat intelligence data with automated incident response will enable security professionals to respond to threats faster.  "NetCitadel’s incident response platform has been fulfilling a critical need for our customer base by slashing incident response times and cost," said NetCitadel co-founder and former CEO Mike Horn, who is now vice president of threat and response products at Proofpoint…


"This technology is a natural complement to our cloud-based offerings and allows us to deliver a comprehensive advanced threat solution to all organizations, regardless of their existing IT security infrastructure," Proofpoint CEO Gary Steele said in a prepared statement…

Read more from the source @ http://talkincloud.com/cloud-computing-mergers-and-acquisitions/proofpoint-acquires-netcitadel-expand-advanced-threat-solut