Proofpoint to Acquire Hornetsecurity Group for Over $1 Billion

Proofpoint has concluded a deal to acquire Hornetsecurity Group, a Germany-based provider of security services for Microsoft 365, in a transaction valued at over $1 billion. This acquisition, described as the largest in Proofpoint's history, comes as consolidation in the cybersecurity industry accelerates, with companies seeking to broaden their offerings to enterprise customers.