November 1, 2023 at 03:47PM
Proofpoint Inc. has announced that it will acquire Tessian, a company specializing in using advanced AI to detect and protect against accidental data loss and evolving email threats. The acquisition is expected to close in late 2023 or early 2024, pending regulatory approval. The addition of Tessian will enhance Proofpoint’s threat and information protection platforms by adding layers of AI-powered defense against risky user behaviors.
Proofpoint Inc., a cybersecurity and compliance company, has announced its agreement to acquire Tessian, a company specializing in AI-based detection and protection against email threats and data loss. The acquisition is expected to be completed between late 2023 and early 2024, pending regulatory approvals.
The aim of the acquisition is to enhance Proofpoint’s threat and information protection platforms by incorporating Tessian’s AI-powered defense against risky user behaviors, such as misdirected emails and data exfiltration. Email-related incidents, including misdirected emails and mis-attached files, are a significant cause of compliance violations and accidental data loss for organizations.
By combining Proofpoint’s expertise and Tessian’s behavioral and dynamic detection platform, customers can benefit from improved defense and instant protection. The solutions integrate seamlessly with Microsoft 365 and Google Workspace.
The acquisition will enable organizations to enhance their email security posture, reduce the risk of data breaches, and alleviate the workload on security teams. Tessian’s solutions, including Guardian, Enforcer, and Defender, will become part of Proofpoint’s offering once the acquisition is completed.
Piper Sandler is acting as the financial advisor to Tessian.
For more information about Proofpoint’s Aegis threat protection platform, please visit their website. To learn about Proofpoint’s Sigma information protection platform, please visit their website as well.
Proofpoint, Inc. is a leading cybersecurity and compliance company that offers cloud-based solutions to protect organizations from targeted threats and help with data safeguarding. Proofpoint’s solutions focus on people-centric security and compliance across various platforms, including email, cloud, social media, and the web.
Tessian, on the other hand, is a cloud email security platform that uses machine learning and behavioral data science to intelligently protect organizations against advanced threats and data loss while educating users about security threats in real-time. The company has offices in Boston and London and is backed by prominent investors like Sequoia, Accel, March Capital, and Balderton Capital.
Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks mentioned in the meeting notes belong to their respective owners.