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Information Technology Services M&A image Information Technology Services M&A » By The Online Investor Staff, updated Thu., Mar. 28, 6:14 AM Recent mergers and acquisitions in the Information Technology Services M&A category.

Slide #89. Proofpoint Abaca Technology Corporation

Acquirer: Proofpoint (PFPT)
Acquiree: Abaca Technology Corporation
Details: Proofpoint, Inc. (NASDAQ: PFPT), a leading security-as-a-service provider, today announced that it has acquired Abaca Technology Corporation through a reverse triangular merger with a wholly-owned subsidiary of Proofpoint. Abaca is a Silicon Valley company known for its engineering strength, technical talent, and email filtering & protection algorithms.

Proofpoint is a security-as-a-service provider that enables organizations worldwide to defend, protect, archive and govern their data. Co.'s security-and compliance platform is comprised of an integrated suite of threat protection, information protection, and brand protection solutions, including email protection, threat protection, email authentication, data loss prevention, SaaS application protection, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, secure communication, phishing simulation and security awareness computer-based training.

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Company Name:  Proofpoint Inc
Stock buyback:  PFPT buyback
Website:  www.proofpoint.com
Sector:  Information Technology Services
 

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March 28, 2024    6:14 AM Eastern
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Hold (2.36 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
PFPT Stock Forecast

Based on Zacks ABR data;
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