Proofpoint IPO watch: The email security software developer Proofpoint submitted the IPO application to the U.S. SEC (Securities and Exchange Commission) on December 14, planning to trade on NASDAQ Global Market under the symbol “PFPT,” and the proposed financing amount was $ 50 million. Proofpoint plans to raise funds through the IPO to strengthen its competitiveness with the strong competitive rivals, including Cisco, Google, Intel and Symantec. Credit Suisse, Deutsche Bank Securities and Pacific crest securities company are woring as bookrunners for the Proofpoint IPO. Read the latest article about the Proofpoint IPO.
The company’s revenues and the gross profit in the first 9 months of 2011 were $59.15 million and $37.17million, respectively, and net loss was $13.72 million. Proofpoint is an e-mail security, archiving and data loss prevention integration solutions provider, headquartered in California and the company was founded in June 2002.