Proofpoint reverse triangular merges with Abaca Technology

Proofpoint, Inc. (NASDAQ: PFPT) said it has acquired Abaca Technology Corp. 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.

Founded in 2005 by respected Silicon Valley entrepreneur and philanthropist Steve Kirsch and led by CEO Matthew Powell since 2012, Abaca is privately held and headquartered in San Jose. The company´s innovative, real-time, in-memory threat scoring technologies complement Proofpoint´s big-data driven analysis techniques, which further extend Proofpoint´s threat protection capabilities.

Proofpoint is a leading security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving a governance and secure communications. Organizations around the world depend on Proofpoint´s expertise, patented technologies and on-demand delivery system to protect against phishing, malware and spam, safeguard privacy, encrypt sensitive information, and archive and govern messages and critical enterprise information. More information is available at www.proofpoint.com.