Andy Brimmer / Matthew Sherman / Jed Repko, 2023. It went public in 2000. At Anaplan, weve been told our invested RSUs for the fiscal year will be accelerated and paid out at close. Special Meeting of Stockholders to Vote on Pending Acquisition by Thoma Bravo to be Scheduled for Later DateSUNNYVALE, Calif., June 14, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ: PFPT), a . But attrition has been all time high, and then they put hiring freeze. Under the terms of the all-cash agreement, Proofpoint shareholders will receive $176 per share. We hit a 150+% bonus payout last year which was pretty nice. Richard Stiennon is the author of Security Yearbook 2021: A History and Directory of the IT Security Industry. I left in a year of joining. Interestingly, Thoma Bravo was allegedly thinking about buying Twitter before Elon Musk announced he would buy it for $44 billion (a deal that Musk has subsequently attempted to back out of). Proofpoint does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Former Profit 21 (now Epicor) CEO Chuck Boyle said about the firm after his own acquisition, Orlando would help not only at the highest level with strategy but also when we got grunt work done. Boyle is no longer the CEO. Medallia, Go to company page Become a channel partner. Thoma Bravo is n van de grootste software-investeerders ter wereld, met meer dan $120 miljard aan beheerd vermogen (per 30 september 2022). After the pandemic hit, Advent got cold feet and tried to back out of the deal. Trustwave was, in turn, acquired by Singtel in 2015. "We are excited . Looking for answers as we are about to go through a similar boat now. Can I Be Laid Off While On Workers Compensation? How was the transition, where there a lot of layoffs?How did they compensate the employees? Defend your data from careless, compromised and malicious users. post regarding Riverbed . With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, could, seek, see, will, may, would, might, potentially, estimate, continue, expect, target, similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. He researches and reports on 2,615 IT security vendors. Mortgage technology company Ellie Mae, which was recently bought by private equity investor Thoma Bravo, underwent restructuring and reduced its staff by 10%. Save my name, email, and website in this browser for the next time I comment. Insider. RealPage It was great until Thoma Bravo Glassdoor, Dynatrace Employee Reviews about thoma bravo Glassdoor, My company has been acquired by Thoma Bravo. Eng, Compensation has been poor, attrition is sky high, wlb is non existent. No layoffs except ~100 in commercial sales which isnt a priority for TB. RSA Security grew slightly during the first three quarters of 2020, from 3,161 to 3,172 employees. It will be almost a year the aquisition was declared last April of Proofpoint . Then massive cost cutting, layoffs and likely a change in their executives. It showed revenue growth of 15% in the first quarter of 2021; $288 million. These forward-looking statements are based on Proofpoints current expectations, estimates and projections about the potential benefits of the transaction, its business and industry, managements beliefs and certain assumptions made by Proofpoint and Thoma Bravo, all of which are subject to change. Upon completion of the acquisition, Proofpoint stockholders were entitled to receive $176.00 in cash for each share of Proofpoint common stock they own. It also acquired SurfControl and Defensio. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. Thoma Bravo recently acquired Realpage and more than 10% was laid off during the 1st round, a 2nd round just laid off 600 more people. Can I Be Laid Off While On Workers Compensation? CEO left because of frustrations with TB folks, talks of cost cuts, not laying off yet, but TB history got former CEO worried. AI-powered phishing: Chatbot hazard or hot air? All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Most of our engineering/devOps/implementation teams are already offshore, so lets see what happens. Under the terms of the definitive agreement, Proofpoint shareholders will receive $176 per share in cash, in an all-cash transaction valued at $12.3bn . Proofpoint was founded as an email security solution, , https://tusxv.com/7zup1o8/thoma-bravo-proofpoint-layoffs. In this wide-ranging interview, he also tells editorial director Craig Galbraith about . SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and. A group of private equity firms acquired McAfee's consumer business for $14 billion. 4 days ago Equity is a TechCrunch podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Sep 3, 2021 3 1. Proofpoint, Go to company page . Thoma Bravo is a leading private equity firm that focuses on software and technology. Thoma Bravo recently purchased SailPoint for a second time for $6.9 billion. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Privacy Policy It was then called Raytheon|Websense. Thoma bravo has recently acquired proofpoint. They recently started hiring in India, so cheaper labor is the focus which makes sense because PE firms only care for profit. The private equity firm has more than $103 billion in assets , https://news.crunchbase.com/cybersecurity/cybersecurity-abnormal-unicorn-proofpoint-insight-partners/, May 10, 2022 equity giant Thoma Bravo bought publicly traded Proofpoint for $12.3 billion. About Proofpoint, Inc.Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. I feel bad for the people. thoma bravo acquisitions layoffs . In January 2016, the entity was spun off from Raytheon and branded as Forcepoint. It was formed when Raytheon, the defense contractor, attempted to move into the cybersecurity realm by acquiring Websense. Employees are faced with layoffs, years of stalled product innovation and the imposition of cost-saving measures. SUNNYVALE and SAN FRANCISCO, Calif., August 31, 2021 Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. (Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravos acquisition of Proofpoint for approximately $12.3 billion in cash. The all-cash deal will take Ping from public to private. Thanks. https://www.ft.com/content/456f2fd7-f868-4ea6-abd7-fce34e783333, Dec 6, 2021 Thoma Bravos deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low . Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. Learn about our relationships with industry-leading firms to help protect your people, data and brand. Learn about the benefits of becoming a Proofpoint Extraction Partner. Thoma Bravo is a leading private equity firm with a 40-year history, including over $35 billion in investor commitments, and a focus on investing in software and technology companies. New. The all-cash deal will take Proofpoint off the stock market and make it a . Energized to find a new job after yours gets sent offshore is more accurate. Proofpoint does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. reported by Reutersmight be another proof point for a market downturn. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. Save my name, email, and website in this browser for the next time I comment. The company's key investments include Barracuda Networks and Sophos, among many other firms. It isn't clear yet what Thoma Bravo has planned for Ping Identity and SailPoint. Often, the company is saddled with debt to finance the deal. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. When private equity shows up to a deal, it usually spells disaster for everyone but the investors. AnswerThePublic listens into autocomplete data from search engines like Google then quickly cranks out every useful phrase and question people are asking around thoma bravo on 02 Feb. It's a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. I think you have got the answer in your other post. As part of its rapid and successful transition to operating as a private company under Thoma Bravo, L.P. ownership, Proofpoint also announced an accelerated plan to hire over 600 people in 2022 . In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. For more information, visit thomabravo.com. Forcepoint journey has taken a long and winding road. Thoma Bravo is paying $176 per share, for a 34% premium to the closing share price before the announcement. More inside scoop? Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? Learn about how we handle data and make commitments to privacy and other regulations. Thoma Bravo's deal to take the company. Proofpoint, Go to company page How was the transition, where there a lot of layoffs?How did they compensate the employees? Its business model seems to be to engage in lawsuits against other security technology companies, forcing them to pay licensing fees. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Proofpoints financial condition, results of operations, or liquidity. He had to wait to quit so he gets that payout, Check out this post! Proofpoint 2023 State of the Phish-rapport . Get deeper insight with on-call, personalized assistance from our expert team. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. Private equity firm Thoma Bravo on Monday announced it had signed a definitive agreement to acquire the cybersecurity and compliance firm Proofpoint in a $12.3 billion all-cash deal. Akamai Technologies, Go to company page Dec 6, 2021 Thoma Bravo's deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low Related Thoma Bravo Proofpoint Layoffs July 24, 2022 In "T Layoffs" Thoma Bravo Realpage Layoffs October 1, 2022 In "T Layoffs" Thoma Bravo Layoffs October 12, 2022 In "T Layoffs" Financial policies are expected to be aggressive as highlighted by the high leverage at closing and significant restructuring plans. Only sales will continue to hire. Cautionary Note Regarding Forward-Looking Statements. Everyone I knew was just recruiting all the time. Lets see how many more , https://www.crn.com/slide-shows/security/10-things-to-know-about-the-thoma-bravo-proofpoint-deal-and-stock-hike, Apr 26, 2021 The Thoma Bravo Proofpoint deal will be the largest acquisition in cybersecurity history, beating out Broadcoms $10.7 billion purchase of , https://www.spcorders.co.za/gnk/thoma-bravo-proofpoint-layoffs, Thoma Bravo agreed to acquire Proofpoint , a cybersecurity and compliance company, for $12.3bn. These risks, as well as other risks associated with the transaction, are more fully discussed in the proxy statement filed with the U.S. Securities and Exchange Commission in connection with the transaction. Is bonus performance based or based on ebidta. Other times, its layoffs. post regarding Riverbed , Thoma Bravo is Brutal post regarding Qlik Technologies Inc , My company has been acquired by Thoma Bravo. Cautionary Note Regarding Forward-Looking Statements. So says Jason Eberhardt, Proofpoint's global vice president, cloud and MSP. There were even cuts at the C suite, so I dont think any role is safe post acquisition. Email is still the primary vector for cyberattacks, and Proofpoint was the largest standalone email security company. Any signing bonus is not worth the hassle of dealing with these spreadsheet jockeys. richard-stiennon has 11 posts and counting.See all posts by richard-stiennon, Click full-screen to enable volume control, Thoma Bravo Lacks Options with Proofpoint, USENIX Security '22 - Yanxue Jia, Shi-Feng Sun, Hong-Sheng Zhou, Jiajun Du, Dawu Gu - Shuffle-based Private Set Union: Faster and More Secure, SafeBreach Coverage for US-CERT Alert (AA23-061A) Royal Ransomware, Digital Trust & Safety Roundup: Costly chargebacks, dynamically fighting ATO, and social media scam risks, Defeating Malvertising-Based Phishing Attacks, Update on the Executive Order on Improving the Nations Cybersecurity. Bonuses will be paid af 100%, Did you guys meet sales target? Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Raytheon continued acquiring technologies, including both Stonesoft and Sidewinder, network firewalls that ended up in the hands of Intel after they acquired McAfee, which had, in turn, acquired them when they bought Secure Computing. Prevent data loss via negligent, compromised and malicious insiders by correlating content, behavior and threats. Proofpoint common stock has ceased trading and is no longer listed on the Nasdaq stock exchange. Last year alone saw 72 acquisitions by private equity. When private equity shows up to a deal, it usually spells disaster for everyone but the investors. Read the latest press releases, news stories and media highlights about Proofpoint. Oct 20, 2020 Got an email from our CEO confirming that Thoma Bravo will be acquiring a controlling interest in our firm. We are looking forward to working closely with Gary and the Proofpoint team to leverage Thoma Bravos deep cybersecurity expertise to help propel the companys continued innovation and growth. Finally, on July 15, 2020, the two parties came to an agreement with a new deal worth about $1.67 billion. 51 reviews from Proofpoint employees about Proofpoint culture, salaries, benefits, work-life balance, management, job security, and more. The all-cash deal will take Ping from public to private. Its recent $12.3 billion purchase of Proofpoint, . See Also . Unvested stock turned to restricted cash vesting on the same schedule. Going private allowed deep investments in the right parts of the business while trimming the fat. Find the information you're looking for in our library of videos, data sheets, white papers and more. Episodes feature insights from experts and executives. Im extremely grateful to our team members whose dedication and hard work have contributed to Proofpoints success and made this possible and, together, I know well deliver even more innovative solutions for our customers., We are thrilled to officially embark on our partnership with Proofpoint and begin supporting Proofpoints ongoing mission of protecting organizations from the ever-increasing threat of cyberattacks, said Seth Boro, a Managing Partner at Thoma Bravo. The acquisition was previously announced on April 26, 2021, and Proofpoints stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Looking back on the last two years, it is apparent that cybersecurity is viewed as hot by private equity firms. In a deal described as underlining its status as a powerhouse in the sector, cyber security and compliance company Proofpoint is to be acquired by private equity (PE) firm Thoma Bravo. In 2019, Bravo became the first billionaire born in Puerto Rico. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Proofpoints financial condition, results of operations, or liquidity. Vista Equity Partners then acquired Websense in 2013 for $906 million. Proofpoint after Thoma Bravo acquisition - Blind How is proofpoint doing after the acquisition in terms of:CompensationWLBCompany cultureAttritionLayoffsTB leadership and managementDo you guys still fear of layoffs?#tech #software #layoffs #thomabravo#anaplan Main menu Contents Want to see the real deal? Should I , RealPage It was great until Thoma Bravo Glassdoor, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Insights from Thoma Bravo and Frontline Education for , Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Ellie Mae announces layoffs of 10% of its staff HousingWire, Buyout firm Thoma Bravo goes from niche to big league, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. There was a big culture change that did come with a focus on just saving money everywhere. Thoma Bravo's transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations Thoma Bravo Completes Acquisition of Proofpoint https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint Verkada, Go to company page Proofpoint Announces CFO Transition. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? Proofpoint also disclosed Q1 2021 financial results today. Youll be emailing , An inside view of ConnectWises reduction in force from msp, But they acquired SolarWinds in 2016 and their acquisition of ConnectWise wasnt until 2019. 20 answers No layoffs except ~100 in commercial sales which isnt a priority for TB. In light of the announced transaction with Thoma Bravo, Proofpoint has cancelled its earnings conference call previously scheduled for April 29, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. The Home of the Security Bloggers Network, Home Security Boulevard (Original) Thoma Bravo Lacks Options with Proofpoint. The announcement that Thoma Bravo is acquiring publicly traded Proofpoint for $12.3 billion is the latest and largest private equity deal in the cybersecurity industry.As a rule, I am not a fan of financial shenanigans. You have time but change will come within 1-2 years. But attrition has been all time high, and then they put hiring freeze. Was given phantom equity grant that vests at liquidity eventall employees could also join a co-invest program to buy equity on the same terms as TB. Aug 31, 2021 Software investment firm Thoma Bravo completed its acquisition of cybersecurity leader Proofpoint for approximately $12.3 billion in cash. Proofpoint has become the latest sizable tech vendor to succumb to private equity after Thoma Bravo succeeded in its $12.3bn grasp for the infosec giant. Thoma Bravo post acquisition experiences? These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. 2/ That Thoma Bravo is the suitor is likely no coincidence; they're set to also acquire fellow identity security company SailPoint in the second half of 2022.Betting they combine $PING and $SAIL then bring them public as a bigger, stronger business down the road. Proofpoint Engaged Employer Overview 767 Reviews 160 Jobs 868 Salaries 249 Interviews 272 Benefits 37 Photos 268 Diversity + Add a Review Proofpoint Reviews Updated Feb 28, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 700 of over 768 Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Oldest First Proofpoint announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction that values Proofpoint at approximately $12.3 billion.. Apr 26, 2021 Proofpoint Inc. However, one thing is clear: Changes are yet to come. Websense was one of the first content URL filtering products. Proofpoint and medallia employees what has been your experience post the Thoma Bravo acquisition? Last year, it bought ProofPoint for $12.3 billion. Founder and managing partner of Thoma Bravo, Orlando Bravo, launched the firm in 2008 amid the rising action of the Great Recession. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Anaplan, Go to company page At face value, fair enough. Revenue was $287.8 million, up 15 percent compared to Q1 of 2020. SUNNYVALE & SAN FRANCISCO, Calif., April 26, 2021 -- Proofpoint, Inc. (NASDAQ: PFPT) (the "Company"), a leading cybersecurity and compliance company, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services Thoma Bravo used $675 million in cash and raised $1.8 billion in debt to buy Compuware and then split off Dynatrace as a separate company. The long-term problem for Proofpoint and now, Thoma Bravo is that its biggest competitor is a little company in Redmond called Microsoft. Thoma Bravo's investment in Intel 471 sees the private equity firm continue its cybersecurity investing spending-spree. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Implement the very best security and compliance solution for your Microsoft 365 collaboration suite. . How did you guys do in terms of sale. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. But lots can change from now til close, so Im curious whether this will *actually* happen or end up getting replaced with some sort of synthetic stock options. How Does a Data Breach Take Place in an Organization? It will be almost a year the aquisition was declared last April of Proofpoint. Layoffs : Downsizing related discussion, postings, questions and answers. Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. (Bloomberg) -- Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint Inc. in a deal it said values the business at about $12.3 billion.The private equity firm is offering $176 per share in cash, representing a 34% premium to Proofpoint's Friday closing price, according to a statement Monday. Thoma Bravo Completes Acquisition of Proofpoint, Calypso Technology and AxiomSL combine forces under new name: Adenza, PDFTron Acquires PDF-to-Office Innovator Solid Documents. There will be a layoff but there will be opportunities if youre good and you stay. Significant , https://www.teamblind.com/post/proofpointmedallia-outcome-of-thoma-bravo-purchase-YdfZ7Lkk, Mar 22, 2022 Fortunately, no layoffs , no reduction in force as of now. How were *unvested* RSUs handled? The deal, announced Feb. 6, 2020, was valued at $1.9 billion. How is proofpoint doing after the acquisition in terms of:CompensationWLBCompany cultureAttritionLayoffsTB leadership and managementDo you guys still fear of layoffs?#tech #software #layoffs #thomabravo#anaplan, Go to company page A number of project managers lost their jobs as well. Did TB disclose anything? In 2019, when Bravo reached billionaire status, Forbes wrote, Bravo is eyeing $10 billion-plus deals and expects to begin buying entire divisions from todays technology giants. The latest couple of deals haven't exceeded the $10 billion mark, but theyre substantial nonetheless. The acquisition of Proofpoint by private equity firm Thoma Bravo is reaping rewards for the security provider's partners. Sitemap, Thoma Bravo Completes Acquisition of Proofpoint. Were there stocks given?#ellieMae #sophos #medallia #apptus #dynatrace #sirius #venafi, Go to company page It's a bad time. It will be almost a year the aquisition was declared last April of Proofpoint. You can see why Thoma Bravo thought Proofpoint was undervalued and worth paying a 60% premium to the market for its shares. Terms and conditions Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Proofpoint / Medallia outcome of Thoma bravo purchase Blind, The Great Resignation is Increasing the Risk of Data Loss, Email Cybersecurity Firm Abnormal Hits Unicorn Status After , Working at Proofpoint: 51 Reviews | Indeed.com, Cost cutting, layoffs remain leading startup themes TechCrunch, 10 Things To Know About The Thoma Bravo-Proofpoint Deal , Musks Super-Bad Feeling; an Amazon Exec Ships Out, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. They will do all they can to not pay. Proofpoint's board has unanimously approved . The cybersecurity company Proofpoint said it has agreed to be acquired by the private -equity firm Thoma Bravo for $12.3 billion in cash, or about $176 a share, up about 34% from Friday's . The firm is considered to be extremely hands-on, including Bravo himself. Thoma Bravo, a private equity firm, has agreed to purchase Proofpoint for $12.3 billion in the biggest cybersecurity acquisition of all time.