Proofpoint Buys Armorize Technologies
The acquisition, for $25 million in cash, is expected to close in the third quarter of 2013.
California-based Proofpoint recently announced the acquisition of Taiwanese cloud-based anti-malware solutions developer Armorize Technologies for approximately $25 million in cash. The deal is expected to close in the third quarter of 2013.
According to Proofpoint, the acquisition will provide the company with a new set of real-time dynamic detection technology for next-generation threats and malware.
"We've been leveraging key Armorize technology in our Targeted Attack Protection for almost a year, and the effectiveness has been phenomenal," Proofpoint CEO Gary Steele said in a statement. "Acquiring Armorize solidifies Proofpoint’s leading position in cloud-based, next-generation threat detection technology and gives us full access to Armorize's world-class malware research expertise."
Armorize's staff includes more than 35 Certified Ethical Hackers specializing in cloud-based threat intelligence, detection of zero day attacks, real-time dynamic threat protection, and advanced malware detection research.
"We are proud to join forces with a company that is leading the way in the fight to keep data safe in the face of evolving attacks such as Advanced Persistent Threats," Armorize CEO Wayne Huang, PhD, said in a statement. "Being part of the Proofpoint organization will definitely enable Armorize to further leverage our core technologies and research across a wider range of customers."