With this acquisition, Proofpoint will strengthen its cloud-based architecture and people-centric security platform, enabling customers to better protect their people and the applications and data they access beyond the traditional perimeter. The agreement is expected to close during 2Q19.
Proofpoint intends to integrate Meta Networks’ ZTNA technology with its cloud access security broker (CASB) and web isolation product lines to offer customers a comprehensive cloud access and security platform. The acquisition of Meta Networks will add approximately 20 technical contributors to Proofpoint’s growing presence and team in Israel.
The purchase price for the transaction is approximately $111 million in cash and approximately $9 million in Proofpoint common stock and options.