附近上门

Cybersecurity company Thursday that it plans to acquire a security provider specialized in software tools, in a deal reportedly at around $1 billion.

The deal is a long time coming for Hanover, Germany-based Hornetsecurity, which was founded in 2007 and has raised multiple funding rounds over the years. It secured a 2022 growth round from private equity firm , its last reported financing, and also counts and as core stakeholders.

The acquisition comes amid investor that Proofpoint is gearing up to go public. If that happens, it would be the second time for the 23-year-old company, which first went public in 2012. It is currently owned by private equity firm , which took the company private in 2021 in a $12.3 billion transaction.

Silicon Valley-based Proofpoint has been a prodigious acquirer as both a public and private company, with at least to date prior to Hornetsecurity, per 附近上门 data. Most recently, Proofpoint bought , a venture-backed data security platform, in October.

If an IPO is in the works, the Hornetsecurity acquisition could significantly boost Proofpoint鈥檚 appeal to investors. Per the acquisition announcement, Hornetsecurity currently brings in over $160 million in annual recurring revenue, with more than 20% year-over-year growth.

Cyber鈥檚 funding growth

The deal also follows a comparatively strong period for cybersecurity startup funding. Total funding to VC-backed cybersecurity startups topped $2.7 billion in Q1, per 附近上门 . That鈥檚 a 29% increase from the last quarter of 2024.

Cybersecurity was also in the spotlight in March due to the largest acquisition of a venture-backed company ever: parent 鈥檚 planned purchase of cloud security unicorn for $32 billion.

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