Fenwick Represents Proofpoint in $225 Million Pending Acquisition of ObserveIT

Fenwick & West represented Proofpoint, Inc., (NASDAQ: PFPT), a leader in people-centric cybersecurity, in its pending acquisition of ObserveIT, a leading insider threat management platform.

With this acquisition, Proofpoint will extend its data loss prevention (DLP) capabilities with endpoint joining email, CASB, and data-at-rest to form an enhanced enterprise DLP offering.

The transaction is expected to close late in the fourth quarter of 2019, pending regulatory review. More information about the acquisition can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partner Kris Withrow, associates Priscila Bastazin and Elena Moreno Cloutier and law clerks Jennifer Wu and Jamal Johnson; intellectual property and technology transactions counsel Christopher Joslyn and associate Ana Razmazma; executive compensation and employee benefits partner Shawn Lampron, associates Marshall Mort, Sarah Ghulamhussain and Ariel Gaknoki; tax partner William Skinner and law clerk Einav Axler; and regulatory counsel Ashley Walter.