US cyber giant Proofpoint acquires Israeli cyber ObserveIT for $ 225 million

US cyber giant Proofpoint acquires Israeli cyber company ObserveIT for $ 225 million. To date, ObserveIT has raised more than fifty million dollars.
Observer develops solutions to address enterprise security threats. The company was founded in 2007 by Gabi Friedlander and Avi Amos and in 2013 the American venture capital fund Bain Capital acquired a significant stake in the company. The company's headquarters are in Boston and the main development center - in Tel Aviv. The company's CEO, Mike McKee, sits in Boston. The director of the company's development center in Israel is Tal Tikotsky.
Through this acquisition, ProPointe will expand its data loss prevention capabilities (DLP) in enterprise endpoints, offering an advanced solution that includes data leakage prevention capabilities in e-mail, cloud (CASB) and stored information.
Observer's leading edge technology integration with user computers and the analytical analysis of information-related risks, together with ProPoint's leading information classification, threat detection and cyber security intelligence, will enable enterprise customers to gain unprecedented insights into user behavior with sensitive information, Wherever it is stored.
ProPoint plans to continue investing in Observer's leading enterprise-wide threat management solution, which helps information security teams identify, investigate, and prevent potential security incidents arising from cyber threats. With one easy-to-use solution, organizations can get real-time alerts and user activity insights.
ProPoints Chairman and CEO Gary Steel: "The acquisition of ProPoints highlights ProPoPoint's commitment to providing organizations with people-focused cyber security solutions designed to protect what matters: the people and information they have access to, even beyond the corporate computing space, in the world Cloud-controlled. With Observer we will be launching the innovative and first-ever product that we have seen in recent years in the area of ​​enterprise information leakage prevention. "
 ProofPoint trades on NASDAQ at $ 6.6 billion and employs about 2,600 people, of which about 100 are in Israel. Employees of the acquired company will join the company's development center in Israel. .