Proofpoint acquired by Thoma Bravo for $12.3 billion [33], Proofpoint's digital risk products are aimed at companies seeking to stop cybercriminals from impersonating their brand to harm customers, partners, and the brand's reputation. Registration & Breakfast . Not the Gary Steele you were looking for? This chart shows Gary Steele's buying and selling at Proofpoint by year and by quarter. Steele currently serves on the Boards of Directors of Upwork, a public technology company, as well as Malwarebytes, Synack and Modmed, three private companies. Under Mr. Steeles leadership, Portera raised more than $100M in capital from some of the leading venture capitalists including Kleiner Perkins, IVP, and American Express, and grew the business from its initial concept to $20M in revenue. The . Following the completion of the sale, the chief executive officer now directly owns 68,290 shares of the company's stock, valued at $8,869,505.20. These products work across email, social media, mobile devices, and the cloud.[24][25][26][27]. Finally, Id like to take a moment to thank our incredibly talented team members, whose dedication and hard work have contributed to Proofpoints success and have allowed us to achieve the incredible milestone of being part of the largest software take-private deal of all time. Learn about this growing threat and stop attacks by securing todays top ransomware vector: email. This field is for validation purposes and should be left unchanged. As of 13 May 2021 he still owns at least 29,038 units of Proofpoint Inc stock. Expands Executive Team, Hires Klaus Oestermann as President and Chief Operating Officer; Proofpoint's Board of Directors Appoints CEO Gary Steele as Chairman as Eric Hahn Announces Retirement", "Proofpoint: Number of Employees 2011-2019 | PFPT", "Thoma Bravo Completes Acquisition of Proofpoint", Proofpoint adds funding, San Jose Business Journal, Oct 14, 2003, "Proofpoint Agreed To Be Acquired By Thoma Bravo", Fighting Spam, Fueling Growth, InformationWeek Research's Outlook 2004 Survey, Proofpoint improves spam prevention, Nov 3, 2003, NetworkWorld, IronPort, Proofpoint appliances target spam, NetworkWorld, March 15, 2004, BorderWare and Proofpoint boxes are both capable spam combatants, Infoworld, May 28, 2004, "ProofPoint Appliance Stands Guard At E-Mail Gate", "Proofpoint, Voltage Team on E-Mail Encryption", CRN Test Center Review: A Virtual Solution To Spam, ChannelWeb, Apr 23, 2007, "Earth Times: show/icsa-labs-introduces-formal-testing-of-anti-spam-products,345941.shtml", "Proofpoint jumps into security services fray", "Proofpoint Offers On Demand Email Security for SMBs", "Proofpoint Enterprise Protection: Product overview", "Proofpoint Email Encryption: Product overview", "Proofpoint releases Proofpoint Intelligent Supervision | Compliance Week", "The Forrester Wave: Digital Risk Monitoring, Q3 2016", "FBI: Email Scams Take $3.1 Billion Toll on Businesses", "Proofpoint Announces Intelligent Supervision and Compliance Gateway to Help Customers with FINRA and SEC Audits | Proofpoint", "Social Media Phishing Soars, New Trend Is Fake Customer Service", "Proofpoint acquires Nexgate for $35 million", "nexgate-blog-proofpoint-acquires-socialware--expan", "Proofpoint Signs Definitive Agreement to Acquire Illusive", "Proofpoint Enters into Definitive Agreement to Acquire InteliSecure; Augments People-Centric Managed Services Offering | Proofpoint US", "Proofpoint's (PFPT) Q1 Earnings Top Estimates, View Slashed", "Proofpoint Enters into Definitive Agreement to Acquire ObserveIT for $225 Million in Cash; Extending Leadership in People-Centric Security and Compliance to Deliver Post-Perimeter Data Loss Prevention | Proofpoint US", "Software-Defined Perimeter in the Cloud", "Proofpoint acquires Meta Networks to strengthen its cloud-based architecture and its security platform", "Proofpoint Acquires Meta Networks for Nearly $120m", "Wombat Security acquired for $225M by Silicon Valley cybersecurity company", "Proofpoint completes Wombat acquisition, aims to increase revenue by millions", "Proofpoint Enters into Definitive Agreement to Acquire Weblife for $60 million; Extends Protection Capabilities to Enterprise Users' Web-based Personal Email", "Proofpoint acquires Cloudmark for $110M in cybersecurity consolidation play", "Proofpoint acquires Israeli Firelayers for $55 million", "Proofpoint pays $55 million for Israel's FireLayers", "Proofpoint Battens Against Spoofers, Phishers With $18 Million Buy", "Cybersecurity Company Proofpoint Acquires Socialware", "Proofpoint to Acquire Emerging Threats for $40M", "Proofpoint Acquires Emerging Threats for $40 Million", "Proofpoint acquires NetCitadel in $24M deal", "Proofpoint Acquires Sendmail for $23M in Cash", "Proofpoint to Acquire Armorize Technologies for $25 Million - SecurityWeek.Com", "Proofpoint Seals $25 Million Deal For Armorize Technologies", "Abaca Technology Corporation: Private Company Information - Bloomberg", "California company buys Utah's NextPage", "Proofpoint Acquires Secure Data In Motion", https://en.wikipedia.org/w/index.php?title=Proofpoint,_Inc.&oldid=1135792967, This page was last edited on 26 January 2023, at 22:04. Proofpoint Inc (PFPT) Q1 2019 Earnings Call Transcript Learn about the technology and alliance partners in our Social Media Protection Partner program. The Deal Economy Conference , money, salary, income, and assets. Additionally, in June 2008, Proofpoint acquired Fortiva, Inc., a provider of on-demand email archiving software for legal discovery, regulatory compliance and email storage management. Learn More about Gary Steele's net worth. Access the full range of Proofpoint support services. A Message From Gary Steele, CEO, Proofpoint | Proofpoint US [34] On social media, it stops scams in which fraudsters create fake customer-service accounts to find people seeking help over social media and trick them into handing over account credentials or visiting a malicious website. We would like to show you a description here but the site won't allow us. SiliconANGLE co-founder and CEO John Furrier said at the time that Splunks board likely felt the need to reboot things to keep up with the scale of the cloud. A jubilant Gary Steele, Proofpoint's chief exec, told legal newswire Law360: "While we welcome fair competition and collaboration within the cybersecurity community, the misappropriation, copying and theft of our intellectual property required us to vigorously enforce our rights." For the current quarter, Splunk offered revenue guidance of $615 million to $635 million, comfortably ahead of Wall Streets forecast of $604.9 million. Gary Steele received compensation valued at about $8,954,682 in 2020 after becoming Chairman and CEO. Steele is a highly regarded technology executive with over 30 years of experience and a proven track record of successfully scaling SaaS operations and growing multi-billion dollar global enterprises. CEO Gary Steele recently spoke with the Wall Street Journal about how Proofpoint goes the extra mile to keep your data safe - even from government data requests. In connection with this announcement, Graham Smith, who has served as Interim CEO since November 2021, will return to his role as Chair of the Splunk Board when Steele joins the company. In this capacity, he initiated and spearheaded all new Internet projects targeted at the enterprise. As Chairman and CEO of Proofpoint Inc, Gary Steele has a total base salary of $594,583 . gov. Privacy Policy Sunnyvale, CA - June 29, 2011 - Proofpoint, Inc., the leading provider of cloud-based email security and compliance solutions, today announced that it has appointed David Knight to the position of executive vice president of product management and marketing. It incorporated what was described as "MLX Technology", proprietary machine learning algorithms applied to the problem of accurately identifying spam email using 10,000 different attributes to differentiate between spam and valid email. Overview. Tom Taulliruns the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. Protect your people from email and cloud threats with an intelligent and holistic approach. Proofpoint's P1000 appliance, which is designed for organizations with 25,000 users or more, can scan up to 4 million e-mails per day and offers 300G bytes of storage space - enough to quarantine. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. watch now. Proofpoint's insider roster includes Paul Auvil, III (CFO), Dana Evan (Director), David Knight (EVP), Robert Lee (EVP), Gary Steele (CEO), Bhagwat Swaroop (EVP), and Ashan Willy (EVP). He succeeds Gary Steele, who as founding CEO of Proofpoint is stepping down after having served in the role for the past 19 years. Splunk Application Performance Monitoring. Learn about our people-centric principles and how we implement them to positively impact our global community. Prior to Proofpoint, Steele was CEO of Portera and held various leadership roles at Sybase, Sun Microsystems and Hewlett-Packard. Most recently he sold 7,500 units of PFPT stock worth $284,625 on 13 May 2021. Gary Steele is 57, he's been the Chairman of the Board and Chief Executive Officer of Proofpoint Inc since 2018. All other brand names, product names, or trademarks belong to their respective owners. Interview: Proofpoint CEO Gary Steele - Forbes Gary Steele - Chief Executive Officer - TES | ZoomInfo social, mobile, web, and dark web) channels to detect, prevent, malicious or unwanted content from undermining organizational efforts to build brand across all major social media platforms. Merritt oversaw dramatic growth at Splunk, taking over a company that did just $300 million in annual revenue in 2014. Get notified the next time Gary Steele buys or sells Proofpoint stock. We are building out the technology infrastructure and sales and marketing organization. He holds a B.S. Terms and conditions Sitemap, A Message From Gary Steele, CEO, Proofpoint, Gary Steele, Chief Executive Officer and Chairman of the Board, Intelligent Classification and Protection, Managed Services for Security Awareness Training, Managed Services for Information Protection, https://asianpacificfund.org/who-we-are/mission/. Panelist: Gary Steele, Chief Executive Officer, Proofpoint, Inc. 4:20 PM - 4:30 PM. The Wall Street Journal reported last month that networking giant Cisco put down a takeover offer for Splunk worth more than $20 billion. Mr. Steele owns 29,038 shares of Proofpoint stock worth more than $5,107,784 as of March 4th. As a sign of support for our colleagues of Asian descent and the Asian American and Pacific Islander (AAPI) community, we will make financial donations to the following three organizations: I know that as we continue the commitment we made last summer to come together and seek to build a more inclusive community within and around us, we will find a positive path forward. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts. Gary Steele Chief Executive Officer at Proofpoint Location: San Francisco Bay Area, CA Add to My Lists Gary Steele brings a broad range of enterprise software experience to the company. The most active insiders traders include Rob Ward, Gary Steele, and Richard P Wallace. Over the last 13 years, insiders at Proofpoint Inc have traded over $180,468,553 worth of Proofpoint Inc stock. Gary Steele has been working as a Chief Executive Officer at TES for 13 years. [14] It was tested by Infoworld and found to stop 94% of spam. At the core of the companys technology is Big Data analytics, and as seen with yesterdays hot IPO from Splunk, this is a red-hot space. [17] Designed to monitor online messaging other than email, the appliance monitors Web mail, message boards, blogs and FTP-based communications. TES Location No 9 Benoi Sector, Singapore, Central Singapore, 629844, Singapore Description Read More Industry Energy, Utilities & Waste Treatment General Energy, Utilities & Waste Treatment Privacy Policy But these customers might have one or two of our applications, so there is a big opportunity to sell into these accounts. Small Business Solutions for channel partners and MSPs. [12], In 2004, strict new HIPAA regulations governing financial disclosures and the privacy of health care data prompted Proofpoint to begin developing new products that would automatically identify and intercept outbound email containing sensitive information. Proofpoint Completes the Acquisition of Dathena; - GlobeNewswire News Room Holger Mueller of Constellation Research Inc. said Steele was a surprising choice, as he comes from a smaller company in an adjacent field to Splunk and hes almost 60 years old. The estimated net worth of Gary Steele is at least $5.11 million as of May 13th, 2021. Carlson does, however, have other interests, notably serving as the nonexecutive chair of KnightSwan Acquisition Corp. Thats a special-purpose acquisition company thats looking to merge with a promising startup that operates in the cloud computing, cybersecurity or mission intelligence markets. Steele was the founding CEO of Proofpoint, and over the past two decades, he led the company's growth from an early-stage start-up to a leading, publicly traded security-as-a-service provider. The company needs some tightening up to increase its seaworthiness, as it has been caught out in the transition to subscription storms.. Our plan is to continue to deliver world class technology, ensure customer success, and evolve our people-centric solutions to market needs, while driving profitable growth.. Get the latest cybersecurity insights in your hands featuring valuable knowledge from our own industry experts. Its email digital risk portfolio includes authentication technology to prevent email domain spoofing. Various Positions Feb 1988 - Dec 200517 years 11 months Board Of Directors Proofpoint. Prior to Proofpoint, he was the CEO of Portera and held leadership roles with Sybase, Sun Microsystems and Hewlett-Packard. Gary Steele - Biography - MarketScreener.com This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding our organizational changes, our goals and earnings. Gary is a visionary leader whose software and cybersecurity expertise, deep understanding of SaaS and recurring revenue models, and unwavering commitment to driving innovation and customer success on a global scale will be invaluable to Splunk on our path to $5 billion and beyond, said Graham Smith, Interim CEO and Chair of Splunk. A key differentiator is that the Big Data platform is in real-time. The company provides solutions for large and mid-sized organizations, protecting people, data and brands from advanced threats and compliance risks. He is currently single. At the time of its initial public offering (IPO), the company's shares traded at $13 apiece; investors purchased more than 6.3 million shares through the IPO, raising more than $80 million. We recommend you to check the complete list of Famous People born on 1 May. degree in computer science from Washington State University. Gary Steele, Chief Executive Officer, Proofpoint Pund-IT Inc. analyst Charles King told SiliconANGLE that despite being relatively unknown, Steele looks to be an excellent choice to lead Splunk as it pursues further growth. An established thought leader in the cybersecurity space, Steeles expertise has been featured by outlets such as Forbes, CNBC, Fox Business, Fortune, Investors Business Daily, the Wall Street Journal, and MarketWatch. He appeared as a contestant on the UK version of Deal Or No Deal on 28 June 2011. Splunks stock is up $2.08 (1.81 percent) to $117 per share in after-hours trading Wednesday. Learn More on Gary Steele's contact information. Public Wi-Fi. Gary Steele - Chief Executive . The company also announced Wednesday that sales in the quarter ended Jan. 31 increased 21 percent from $745.1 million to $901.1 million, while net income worsened slightly to $140.8 million, or $0.88 per diluted share, 0.9 worse than a net loss of $139.5 million, or $0.86 per diluted share, the year prior. Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. Staff Reporter April 27, 2021 Proofpoint announced that it has been acquired by Thoma Bravo for approximately $12.3 billion. August 31, 2021 Gary Steele, Chief Executive Officer I am pleased to announce that Proofpoint's acquisition by Thoma Bravo was completed today. Splunk Names Gary Steele Chief Executive Officer - Yahoo! After joining Proofpoint in November 2002, Steele led the company in its rise from an early-stage startup to a leading security-as-a-service provider. Steele takes over April 11 for Graham Smith, who has served as the companys interim CEO since longtime leader Doug Merritt abruptly resigned in November 2021. We are very pleased with our Q2 results, with our. Proofpoint is a leading cybersecurity company that protects organizations' greatest assets and biggest risks: their people. Were thrilled to welcome Gary to the Splunk team., [Related: Splunk CEO Doug Merritt Exits After $1B Silver Lake Investment]. Read how Proofpoint customers around the globe solve their most pressing cybersecurity challenges. Others Named Gary Steele. Click to read more about the interview! Gary has overall responsibility for business strategy, communicating with stakeholders, championing corporate social responsibility (CSR) and ensuring the senior leadership team is positioned to excel. As a public company, Proofpoint had a long history of strong growth combined with compelling free cash flow. Gary Steele email address & phone number - RocketReach Security leaders and organizations are going to need to figure out how do you defend people when they are sitting at home working from their couch just . Defend your data from careless, compromised and malicious users. Gary Steele is the founding CEO of Proofpoint, an enterprise software security company with over 3,300+ employees worldwide. Manage risk and data retention needs with a modern compliance and archiving solution. We really want to hear from you, and were looking forward to seeing you at the event and in theCUBE Club. He received nearly $3.4 million of total compensation from Proofpoint in 2020. Bottom line: This is a tremendous opportunity for us and for our customers. Splunk appoints Gary Steele as CEO - Help Net Security - Information Biography of Gary Steele Mr. Gary L. Steele is an Independent Director at Upwork, Inc., an Independent Director at Vonage Holdings Corp. and a Chairman & Chief Executive Officer at Proofpoint, Inc. Heres what he had to say: It was my first IPO. Gary Steele, CEO of cybersecurity company Proofpoint, photographed at his company's headquarters in Sunnyvale, California, Tuesday, Sept. 26, 2017. Splunks executive management team will host a conference call today, March 2, 2022, at 1:30 p.m. PT (4:30 p.m. Im honored to join the company at such an important moment for both Splunk and the industry, said Steele. Mr. Gary L. Steele is an Independent Director at Upwork, Inc., an Independent Director at Vonage Holdings Corp. and a Chairman & Chief Executive Officer at Proofpoint, Inc. [6] History [ edit] Company [ edit] The product runs as a virtual appliance on a host running VMware's virtual server software. [37] On November 4, 2015 Proofpoint acquired Socialware Inc., a compliance workflow & content capture and review technology company.[38]. According to our Database, He has no children. Steele was the founding CEO of Proofpoint, and over the past two decades, he led the company's growth from an early-stage start-up to a leading, publicly traded security-as-a-service provider to . We don't have much information about He's past relationship and any previous engaged. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. This is not an ending, but rather an evolution that will give us the freedom and flexibility to increase our people-centric offerings that prevent, defend against, and respond to todays cyberattacks. Gary Steele's net worth Proofpoint's compliance products are designed to reduce the manual labor involved in identifying potentially sensitive data, managing and supervising it in compliance with government and industry rules, and producing it quickly in e-discovery legal requests. Search our database of over 100 million company and executive profiles. On average, Proofpoint Inc executives and independent directors trade stock every 7 days with the average trade being worth of $2,695,492. He holds a B.S. [8], Proofpoint became a publicly traded company in April 2012. We are incredibly excited to begin this next chapter in Proofpoints journey by leveraging Thoma Bravos significant experience in the technology space most notably its deep cybersecurity expertise and overall approach to value creation. Mr. Steele currently serves on the board of directors of Vonage Holding Corp., and Upwork Inc., as well as on the board of two privately held companies. This morning I had a chance to talk to Proofpoint CEO Gary Steele, who has been at the helm for nearly a decade. Proofpoint Inc. is turning concerns about U.S. National Security Agency surveillance into a competitive advantage. Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors, with more than $76 billion in assets under management as of December 31, 2020. Read focused primers on disruptive technology topics. A data platform built for expansive data access, powerful analytics and automation, Cloud-powered insights for petabyte-scale data analytics across the hybrid cloud, Search, analysis and visualization for actionable insights from all of your data, Analytics-driven SIEM to quickly detect and respond to threats, Security orchestration, automation and response to supercharge your SOC, Instant visibility and accurate alerts for improved hybrid cloud performance, Full-fidelity tracing and always-on profiling to enhance app performance, AIOps, incident intelligence and full visibility to ensure service performance. Were thrilled to welcome Gary to the Splunk team, and look forward to working with him to further scale the business and extend the value we provide our customers and partners., Splunk has built one of the most respected brands in tech and is at the forefront of security and observability. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Get deeper insight with on-call, personalized assistance from our expert team. Steele spoke to the Mercury News about. [9], On April 26, 2021, Proofpoint announced that it had agreed to be acquired by the private equity firm Thoma Bravo. Reduce risk, control costs and improve data visibility to ensure compliance. Prevent data loss via negligent, compromised and malicious insiders by correlating content, behavior and threats. Search. His experience with Sun Microsystems and Hewlett-Packard included business development, marketing, and engineering roles.