Fenwick represented Proofpoint, Inc. (NASDAQ: PFPT), a leading cybersecurity and compliance company, in its definitive agreement to acquire InteliSecure, an innovator in data loss protection managed services.
Under the terms of the agreement, Proofpoint will acquire InteliSecure for $62.5 million in cash, subject to customary purchase price adjustments. With this acquisition, Proofpoint looks to strengthen its cloud-based people-centric security platform by enhancing customers’ ability to protect critical data in diverse environments. The acquisition is expected to close during this first quarter of 2021, subject to satisfaction of customary closing conditions. More information can be obtained from Proofpoint’s announcement.
The Fenwick transaction team included corporate partner Kris Withrow, associates Ryan McRobert and Sawyer Li, and law clerk Duey Ho; executive compensation and employee benefits partner Marshall Mort and associates Bryan Belok and Cynthia Yuan; technology transactions counsel Christopher Joslyn and associate Ana Razmazma; and tax associate Einav Axler.