Proofpoint To Acquire ObserveIT for $225M

The deal, which is expected to close later in the fourth quarter, will help Proofpoint expand its data loss prevention (DLP) capabilities, according to the company.

ObserveIT helps companies identify and then eliminate insider security threats.

“We are very excited to join the Proofpoint team and provide customers with even more powerful solutions to mitigate insider threats, decrease incident investigation time, and make sure users don’t intentionally or accidentally send valuable, confidential information externally,” said ObserveIT CEO Mike McKee.

ObserveIT marks Sunnyvale-based Proofpoint’s 17th acquisition to date, according to Crunchbase.

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