Network Security, Threat Management

Proofpoint acquires Nexgate for $35 million


Proofpoint, a data protection provider, acquired Nexgate, a social media and security compliance vendor, earlier this week for $35 million in cash.

The acquisition will allow Proofpoint customers to protect their online brand presence and social media communication infrastructure, according to a press release. Nexgate identifies and addresses fraudulent social media accounts, hacks on them and posted content that contains malware, spam and abusive language.

In addition to its monitoring features, Nexgate also enforces policies on authorized accounts and posts for compliance with various social media regulations. Its services cover Facebook, Twitter, LinkedIn, and Google+, among others.

"With the acquisition of Nexgate, Proofpoint extends its world class security and compliance capabilities into an expanding set of social communication platforms,” said Gary Steele, CEO at Proofpoint, in a release.

[An earlier version of this article incorrectly referred to Nexgate as "Nextgate."] 

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