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Proofpoint adds to its cyber attack arsenal

Oct 02, 2013 - The Deal Pipeline

Anti-spam software company Proofpoint Inc. plans to prevent more cyber attacks with the acquisition of Sendmail Inc. , representing its third purchase in less than three months as it seeks to meet the increasing demands for e-mail security.

The Sunnyvale, Calif.-based data protection company said after the close of regular trading on Tuesday that it paid Sendmail $23 million in cash. No further approval is necessary for the closing of the transaction.

"Security, in general, is th...