(Press Release) – May 20, 2014 – SUNNYVALE, Calif. – Proofpoint, Inc., (NASDAQ: PFPT), a leading security-as-a-service provider, today announced that it has acquired Silicon Valley-based NetCitadel, a Calibre One client. The Company is a pioneer in the field of automated security incident response and was acquired for approximately $24.0 million in cash. The acquisition extends the reach and capabilities of Proofpoint’s existing advanced threat solutions, adding additional threat verification and containment capabilities via an open platform that unifies products from Proofpoint and other vendors. The unification of disparate threat intelligence data combined with automated incident response enables security professionals to respond to threats faster, in a more scalable way, and with higher confidence and accuracy. This allows an enterprise to prioritize their efforts more effectively to prevent data breaches and data loss across their entire organization.
The NetCitadel automated incident response platform confirms and prioritizes potential security incidents by unifying, correlating and synthesizing security alerts from Proofpoint and other leading security vendors such as HP ArcSight, Palo Alto Networks and FireEye. Based on this confirmation and prioritization, impacted systems can be automatically quarantined and further communications to malicious sites can be blocked – all within seconds or minutes of an initial alert.
“NetCitadel’s incident response platform has been fulfilling a critical need for our customer base by slashing incident response times and cost,” said Mike Horn, NetCitadel co-founder and former chief executive officer. Horn is now vice president of threat and response products at Proofpoint. “We’re excited to join forces with Proofpoint and bring this technology to the broader market.”
NetCitadel is the pioneer in innovative security threat management. Recognizing the dramatic growth in cyber-attacks and the increase in targeted attacks using Advanced Persistent Threats (APTs), the company identified the need to operationalize the overwhelming volume of security data and turn them into protections. Its threat management platform, ThreatOptics, leverages patent-pending technology to connect existing network security devices with real-time security event information then update protective infrastructure instantly. Headquartered in Mountain View, Calif., the company is venture backed by NEA and other investors.