Proofpoint Buys Fortiva

Proofpoint Inc., a Sunnyvale, Calif.-based provider of email security and data loss prevention solutions, has acquired Fortiva Inc., a Toronto-based provider of email archiving solutions. No financial terms were disclosed.

 

Proofpoint has raised $86 million in VC funding since 2003, from firms like raised Benchmark Capital, Bridgescale Partners, DAG Ventures Inventures Group, JAFCO Ventures, Meritech Capital Partners, Mohr, Davidow Ventures and RRE Ventures.

 

Fortiva has raised around $7.5 million from Cargill Ventures, Ventures West and Mclean Watson Capital.

 

PRESS RELEASE

 

Proofpoint, Inc., the leading provider of unified email security and data loss prevention solutions, today announced that it has acquired Fortiva, Inc., a leading provider of on-demand email archiving solutions for legal discovery, regulatory compliance and email storage management. The acquisition strengthens Proofpoint's position as a leading vendor of SaaS (Software-as-a-Service) and hybrid solutions for email security, data loss prevention and email archiving.

Fortiva provides an on-demand email archiving solution that addresses three key challenges