Proofpoint reached a definitive agreement to acquire data security posture management company Normalyze, and the deal expected to complete by November 2024 with financial terms is yet to be known.
Thoma Bravo took Proofpoint to private in a $12.3 billion deal in 2021 and has developed a human-centric security platform that provides threat defense, information protection, app and identity posture management, and security awareness capabilities.
The acquisition will allow Proofpoint to enhance its cybersecurity platform with Normalyze’s DSPM technology, enabling customers to discover, classify, and secure data across all their environments.
Normalyze’s solutions enable organizations to identify and classify sensitive data with the aid of an agentless scanner, allow them to assess and prioritize risk by impact and likelihood, and help them remediate security and compliance issues by providing insights and recommendations.
Proofpoint’s acquisition of Normalyze aims to address these challenges by providing more comprehensive visibility and control over organizational data, thereby reducing the likelihood of data breaches and enhancing overall security governance.
The addition of Normalyze’s DSPM platform to Proofpoint’s solutions will enable more nuanced data discovery, risk assessment, and compliance management. This includes AI-powered classification and quantified risk analysis, enhancing data governance and minimizing security risks associated with over-permissioned access and other vulnerabilities.
