Enterprise cybersecurity giant Proofpoint has taken a significant step toward strengthening its data security capabilities by announcing its intention to acquire Normalyze, a data security posture management (DSPM) firm. The acquisition is expected to close in November 2024, pending regulatory approval and other customary closing conditions. This strategic move is designed to enhance Proofpoint’s cybersecurity platform by integrating Normalyze’s innovative DSPM technology, which allows organizations to effectively discover, classify, and secure sensitive data across their various environments, including cloud and on-premises infrastructures.
Normalyze, based in San Francisco, has raised over $26 million to date, focusing on providing solutions that help organizations identify and manage sensitive data while assessing and prioritizing security risks. With an agentless scanning approach, Normalyze’s technology enables businesses to gain comprehensive visibility into their data landscape. By integrating these capabilities into Proofpoint’s existing suite of services, the acquisition aims to address the growing complexity and challenges organizations face regarding data security, particularly with the proliferation of internally developed cloud applications and the use of software-as-a-service (SaaS) solutions procured by teams outside of IT.
Proofpoint, which was taken private by Thoma Bravo in a $12.3 billion deal in 2021, is known for its human-centric security platform that encompasses a wide range of services, including email security, threat defense, insider threat management, and compliance products. By adding Normalyze’s DSPM technology to its portfolio, Proofpoint enhances its ability to deliver comprehensive solutions that not only protect organizations from data breaches but also empower them to maintain regulatory compliance. This acquisition comes at a critical time when organizations are increasingly under pressure to safeguard their sensitive data and ensure its integrity.
Ravi Ithal, cofounder and CTO of Normalyze, expressed enthusiasm about the acquisition, stating that joining forces with Proofpoint will allow both companies to address the pressing challenges of data security. He emphasized that as data becomes more challenging to secure, the mission to help organizations protect their critical information has never been more important. The integration of Normalyze’s technology is expected to enhance Proofpoint’s ability to mitigate data loss threats and reduce risks associated with human errors, ultimately empowering organizations to strengthen their data security posture in an increasingly complex digital landscape.
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