About Thoma BravoThoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. Layoffs : Downsizing related discussion, postings, questions and answers. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Proofpoints financial condition, results of operations, or liquidity. Mimecast Email Security Business Background, Challenges Proofpoint announced that Thoma Bravo will be acquiring it for $176 per share, a 34% premium to the prior day's closing price. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. But lots can change from now til close, so Im curious whether this will *actually* happen or end up getting replaced with some sort of synthetic stock options. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. He has held leadership roles at PwC, Webroot Software, Fortinet, and Blancco Technology Group. Thoma Bravo has had little trouble finding companies to buy, including ones that are publicly traded. Oct 20, 2020 Got an email from our CEO confirming that Thoma Bravo will be acquiring a controlling interest in our firm. Dec 6, 2021 Thoma Bravo's deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low Related Thoma Bravo Proofpoint Layoffs July 24, 2022 In "T Layoffs" Thoma Bravo Realpage Layoffs October 1, 2022 In "T Layoffs" Thoma Bravo Layoffs October 12, 2022 In "T Layoffs" About Thoma Bravo. It will be almost a year the aquisition was declared last April of Proofpoint. Thoma Bravo is a leading private equity firm that focuses on software and technology. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Meanwhile, Finjan Holdings maintained ownership of Finjans patent portfolio. Under the terms of the definitive agreement, Proofpoint shareholders will receive $176 per share in cash, in an all-cash transaction valued at $12.3bn . Marketing is drastically curtailed, with fewer appearances at trade shows and events in general. Read the release on the PR Newswire website here. - Blind Hello to people who were part of the companies that Thoma Bravo acquired. Proofpoint appears to be different from the typical PE deal. Thoma Bravo is a private equity firm with a focus on investing in software and technology companies. Thoma Bravo , a private equity firm which took Proofpoint private in a $12.3 for approximately $12.3 billion in cash. All other trademarks contained herein are the property of their respective owners. post regarding Riverbed . How was the transition, where there a lot of layoffs?How did they compensate the employees? Keep up with the latest news and happenings in the everevolving cybersecurity landscape. (I did hear someone who was an employee for 7 years got 7 weeks severance, still a joke), Have found TB acquisition really energizing. It's a bad time. Learn about the human side of cybersecurity. Gary Steele, chairman and CEO of Proofpoint, said in a press release . Thoma Bravo already acquired Proofpoint for $12.3 billion in April 2021. Thoma Bravo's investment in Intel 471 sees the private equity firm continue its cybersecurity investing spending-spree. Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Proofpoint / Medallia outcome of Thoma bravo purchase Blind, The Great Resignation is Increasing the Risk of Data Loss, Email Cybersecurity Firm Abnormal Hits Unicorn Status After , Working at Proofpoint: 51 Reviews | Indeed.com, Cost cutting, layoffs remain leading startup themes TechCrunch, 10 Things To Know About The Thoma Bravo-Proofpoint Deal , Musks Super-Bad Feeling; an Amazon Exec Ships Out, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Hello to people who were part of the companies that Thoma Bravo acquired. In 2017 it acquired Skyfence, a cloud access security broker (CASB) product from Imperva. Still other times, the firm who purchased the company may turn around and sell it again. The company said this. We look forward to building on our offerings to continue preventing, defending and responding to both todays and tomorrows cybersecurity threats. That number dropped to 1,007 by the end of the year. Forcepoint journey has taken a long and winding road. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. The announcement comes four days after Thoma Bravo closed its prior top cloud. Proofpoint, the Nasdaq-listed cybersecurity firm, is being acquired by private equity giant Thoma Bravo for $12.3bn. Thoma Bravo said it's buying security software vendor Proofpoint in a deal valued at $12.3 billion. However, our CEO will be leaving in April 2022 on his own, which is bad for us. He had to wait to quit so he gets that payout, Check out this post! Anaplan, Go to company page In February 2020, Dell announced that RSA security would be sold to PE firm Symphony Technology Group for $2.075 billion. However , https://www.proofpoint.com/us/blog/insider-threat-management/great-resignation-increasing-risk-data-loss-what-you-can-do-stop-it, Jun 28, 2022 And even as employees in the tech sector are affected by recent layoffs , the implication is the same: employee turnover puts sensitive data , https://news.crunchbase.com/cybersecurity/cybersecurity-abnormal-unicorn-proofpoint-insight-partners/, May 10, 2022 Proofpoint was founded as an email security solution, and while it added additional capabilities through the years it was still closely , https://www.indeed.com/cmp/Proofpoint/reviews. Its recent $12.3 billion purchase of Proofpoint, . This communication contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. post regarding Riverbed , Thoma Bravo is Brutal post regarding Qlik Technologies Inc , My company has been acquired by Thoma Bravo. We believe that as cyber threats continue to evolve, Proofpoints people-centric security and compliance strategy along with its innovative product suite will allow Proofpoint to drive significant growth and offer protection to even more customers as a private company.. If youre at a company that is being acquired, start dusting off your resume and leave. Splunk, Go to company page Interestingly, Thoma Bravo was allegedly thinking about buying Twitter before Elon Musk announced he would buy it for $44 billion (a deal that Musk has subsequently attempted to back out of). It will be almost a year the aquisition was declared last April of Proofpoint. Connect with us at events to learn how to protect your people and data from everevolving threats. "We are excited . In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. Im extremely grateful to our team members whose dedication and hard work have contributed to Proofpoints success and made this possible and, together, I know well deliver even more innovative solutions for our customers., We are thrilled to officially embark on our partnership with Proofpoint and begin supporting Proofpoints ongoing mission of protecting organizations from the ever-increasing threat of cyberattacks, said Seth Boro, a Managing Partner at Thoma Bravo. Shares of Proofpoint Inc. rose more than 30% on Monday after the cybersecurity and compliance company agreed to be taken private by Thoma Bravo in an all-cash deal valued at about $12.3 billion. AI-powered protection against BEC, ransomware, phishing, supplier riskandmore with inline+API or MX-based deployment. Stand out and make a difference at one of the world's leading cybersecurity companies. Proofpoint Announces CFO Transition. Im extremely grateful to our team members whose dedication and hard work have contributed to Proofpoints success and made this possible and, together, I know well deliver even more innovative solutions for our customers., We are thrilled to officially embark on our partnership with Proofpoint and begin supporting Proofpoints ongoing mission of protecting organizations from the ever-increasing threat of cyberattacks, said Seth Boro, a Managing Partner at Thoma Bravo. Private equity firm Thoma Bravo on Monday announced it had signed a definitive agreement to acquire the cybersecurity and compliance firm Proofpoint in a $12.3 billion all-cash deal. Some notable deals: Armis, one of the biggest IoT security vendors, had 263 employees when Insight Partners acquired them for a reported $1.1 billion valuation. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. With a market capitalization of $7.5 billion, it was trading at a bit over 7x revenue. Financial policies are expected to be aggressive as highlighted by the high leverage at closing and significant restructuring plans. The Home of the Security Bloggers Network, Home Security Boulevard (Original) Thoma Bravo Lacks Options with Proofpoint. Proofpoint and medallia employees what has been your experience post the Thoma Bravo acquisition? Thoma Bravo recently purchased SailPoint for a second time for $6.9 billion. Skyview Capital announced the acquisition of Fidelis in January 2020. The firm, known for its investments in. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. Terms and conditions Other times, its layoffs. Todays cyber attacks target people. (Tech Industry)". SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and. Thoma Bravo Layoffs October 12, 2022by Admin Thoma Bravo, the private equity firm that completed the acquisition in March, had other plans as reported at IBL News on January 26th [emphasis in original]. Proofpoint. Become a channel partner. Medallia, Go to company page Its terrible. Thoma Bravo, the private equity firm that completed the acquisition in March, had other plans as reported at IBL News on January 26th [emphasis in original]. 3D asset visualization and management platform startup Hexa raises $20.5M - SiliconANGLE,3D asset visualization and management platform startup Hexa today announced it has raised $20.5 million in new funding to support further expansion.Based in Israel, Hexa, incorporated as Fitix Vi How did they handle unvested stock at acquisition? RealPage It was great until Thoma Bravo Glassdoor, Dynatrace Employee Reviews about thoma bravo Glassdoor, My company has been acquired by Thoma Bravo. Implement the very best security and compliance solution for your Microsoft 365 collaboration suite. Compare that to Crowdstrike, which is trading at 50x 2020 revenue, and Zscaler trading at 60x. Websense was one of the first content URL filtering products. There will be a layoff but there will be opportunities if youre good and you stay. Private equity firm Thoma Bravo has completed its acquisition of Proofpoint (NASDAQ: PFPT) and shares of the cybersecurity company stopped trading on the Nasdaq, effective today. These forward-looking statements are based on Proofpoints current expectations, estimates and projections about the potential benefits of the transaction, its business and industry, managements beliefs and certain assumptions made by Proofpoint and Thoma Bravo, all of which are subject to change. I was also worried after reading about Thoma Bravo history with what they did with some of the companies they bought. AnswerThePublic listens into autocomplete data from search engines like Google then quickly cranks out every useful phrase and question people are asking around thoma bravo on 02 Feb. It's a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. Proofpoint also disclosed Q1 2021 financial results today. Looking back on the last two years, it is apparent that cybersecurity is viewed as hot by private equity firms. Thoma Bravo is a leading private equity firm with a 40-year history, including over $35 billion in investor commitments, and a focus on investing in software and technology companies. Read how Proofpoint customers around the globe solve their most pressing cybersecurity challenges. While the list of factors presented here is, and the list of factors presented in the proxy statement is, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Fortunately, no layoffs, no reduction in force as of now. It dropped 100 people after the sale to Symphony; probably attributable to the BSAFE team staying with Dell. How was the transition, where there a lot of layoffs?How did they compensate the employees? 4 days ago Equity is a TechCrunch podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? . In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, could, seek, see, will, may, would, might, potentially, estimate, continue, expect, target, similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction. Thoma Bravo is a leading private equity firm that focuses on software and technology. Under the . Protect your people from email and cloud threats with an intelligent and holistic approach. The private equity . RSA Security grew slightly during the first three quarters of 2020, from 3,161 to 3,172 employees. Defend your data from careless, compromised and malicious users. Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Does Thoma Bravo Lay Off People? With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Any time a private equity firm purchases a company in full, changes may occur. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). The long-term problem for Proofpoint and now, Thoma Bravo is that its biggest competitor is a little company in Redmond called Microsoft. Insider. Lost some good folk as part of restructuring and some parts of the biz now stretched, but margins are now great and the company has a really positive culture and is growing in the right places. Employees are faced with layoffs, years of stalled product innovation and the imposition of cost-saving measures. . Thoma Bravo used $675 million in cash and raised $1.8 billion in debt to buy Compuware and then split off Dynatrace as a separate company. Andy Brimmer / Matthew Sherman / Jed Repko, 2023. 20 answers No layoffs except ~100 in commercial sales which isnt a priority for TB. We are under hiring pause till end of q1 23. Proofpoint is well positioned to benefit from Thoma Bravos significant experience investing in software companies and overall approach to value creation. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. Copyright 2023 Market Realist. Proofpoint has become the latest sizable tech vendor to succumb to private equity after Thoma Bravo succeeded in its $12.3bn grasp for the infosec giant. San Francisco, CA 94105 +1 (415) 263-3660. These risks, as well as other risks associated with the transaction, are more fully discussed in the proxy statement filed with the U.S. Securities and Exchange Commission in connection with the transaction. Was given phantom equity grant that vests at liquidity eventall employees could also join a co-invest program to buy equity on the same terms as TB. The cybersecurity company Proofpoint said it has agreed to be acquired by the private -equity firm Thoma Bravo for $12.3 billion in cash, or about $176 a share, up about 34% from Friday's . The US buyout. Despite the fact that private equity firms usually lay off lots of people, Thoma Bravo, the new expected owner, has promised that it won't reduce Instructure's staff on the new path to profitability. Save my name, email, and website in this browser for the next time I comment. Proofpoint does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. It was then called Raytheon|Websense. They cut across the org - DevOps got sent offshore first, followed by a lot of SWE. investor-relations@proofpoint.com (408) 585-4351. As part of its rapid and successful transition to operating as a private company under Thoma Bravo, L.P. ownership, Proofpoint also announced an accelerated plan to hire over 600 people in 2022 . Learn about the benefits of becoming a Proofpoint Extraction Partner. Thoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. Anaplan, Go to company page Thoma bravo has recently acquired proofpoint. Customers end up with less support for the products they purchased. Learn about how we handle data and make commitments to privacy and other regulations. New. It was formed when Raytheon, the defense contractor, attempted to move into the cybersecurity realm by acquiring Websense. Fitch has also assigned a 'BB-'/'RR2' to Proofpoint's $250 million secured revolving credit facility (RCF) and $2.6 billion first-lien secured term loan. So the problems youre seeing in SolarWinds is where Thoma Bravo , Insights from Thoma Bravo and Frontline Education for Instructures Possible Future, Dec 19, 2019 Even beyond Frontline Education, Thoma Bravo is well-known for having layoffs , as seen at Ellie Mae, Riverbed, Qlik, and Imperva. Read the latest press releases, news stories and media highlights about Proofpoint. In January 2016, the entity was spun off from Raytheon and branded as Forcepoint. Thoma Bravo is considered the successor to previously existing firm Golder Thoma & Co. Other executives likely hold a substantial stake in the firm, which maintains $70 billion in assets under management. Privacy Policy Proofpoint after Thoma Bravo acquisition - Blind How is proofpoint doing after the acquisition in terms of:CompensationWLBCompany cultureAttritionLayoffsTB leadership and managementDo you guys still fear of layoffs?#tech #software #layoffs #thomabravo#anaplan Main menu Contents Want to see the real deal? It isn't clear yet what Thoma Bravo has planned for Ping Identity and SailPoint. Any signing bonus is not worth the hassle of dealing with these spreadsheet jockeys. SUNNYVALE & SAN FRANCISCO, Calif., April 26, 2021 -- Proofpoint, Inc. (NASDAQ: PFPT) (the "Company"), a leading cybersecurity and compliance company, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services Source: been thru this with them before. This list of organizations invested in by Thoma Bravo provides data on their funding history, investment activities, and acquisition trends. US DoD Server Had no Password 3TB of Sensitive Data Leaked, Cowbell Adds Free Cybersecurity Services for Insurance Policy Holders, Microsoft FAIL: BlackLotus Bootkit Breaks Secure Boot, Organizations Struggle WithCCPA, CPRA, GDPR Compliance, Add your blog to Security Bloggers Network. As that business started to become subsumed by UTM vendors, Websense entered the DLP market with the acquisition of PortAuthority. You can see why Thoma Bravo thought Proofpoint was undervalued and worth paying a 60% premium to the market for its shares. All Rights Reserved. Special Meeting of Stockholders to Vote on Pending Acquisition by Thoma Bravo to be Scheduled for Later DateSUNNYVALE, Calif., June 14, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ: PFPT), a . Significant , https://www.teamblind.com/post/proofpointmedallia-outcome-of-thoma-bravo-purchase-YdfZ7Lkk, Mar 22, 2022 Fortunately, no layoffs , no reduction in force as of now. But attrition has been all time high, and then they put hiring freeze. Did they affect (positively or negatively)your culture or day to day operations? The Fidelis Elevate platform provides security analytics, and is being marketed as an XDR product. The announcement of the deal on Monday came four days after Thoma Bravo closed its previous top cloud acquisition the $10.2 billion purchase of RealPage, which serves the real estate industry. The acquisition values Proofpoint at $12.3 billion, or ~8.7x 2022 . Meanwhile, the Permira-Mimecast deal is expected to close in the first half of 2022. More information is available at www.proofpoint.com. Andy MacMillan, CEO, UserTesting, poses for a portrait at the UserTesting headquarters in San Francisco, California on . Should I trust the word or simply not accept the offer? Customers end up Former Profit 21 (now Epicor) CEO Chuck Boyle said about the firm after his own acquisition, Orlando would help not only at the highest level with strategy but also when we got grunt work done. Boyle is no longer the CEO. Thoma Bravo has just cut one of the largest-ever checks by a private equity firm to fund its $12.3 billion purchase of cybersecurity company Proofpoint. Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. Learn about the technology and alliance partners in our Social Media Protection Partner program. Prevent data loss via negligent, compromised and malicious insiders by correlating content, behavior and threats. Eng, Compensation has been poor, attrition is sky high, wlb is non existent. Can I Be Laid Off While On Workers Compensation? PING stock, which went public in September 2019, had lost 11.19 percent of its total value by the end of July. Thoma Bravo post acquisition experiences? UltimatePP you think proofpoint is doing good under Thoma Bravo? This is especially true if the buyout occurs in light of poor stock or company performance. Proofpoint is traded publicly on the Nasdaq exchange and as . Under the terms of the all-cash agreement, Proofpoint shareholders will receive $176 per share. He succeeds Paul Auvil, who is stepping down as CFO of Proofpoint after having served in the role for the past 16 years. The only path forward I can see is for Thoma Bravo to clean up a few things and repackage Proofpoint for a sale to Microsoft. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. In April, the firm said it would buy Proofpoint Inc. in an all-cash transaction that values . After the pandemic hit, Advent got cold feet and tried to back out of the deal. Before the transaction was completed in September 2020, RSA transferred ownership of the core BSAFE libraries to Dell, along with the associated customer contracts. However, our CEO will be leaving in April 2022 on his own, which is bad for us. See Also . The announcement that Thoma Bravo is acquiring publicly traded Proofpoint for $12.3 billion is the latest and largest private equity deal in the cybersecurity industry. Thoma Bravo will likely spend time directly helping to manage these companies and infiltrate themselves into the business to better understand what direction they want to take it. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? It showed revenue growth of 15% in the first quarter of 2021; $288 million. Should I , RealPage It was great until Thoma Bravo Glassdoor, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Insights from Thoma Bravo and Frontline Education for , Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Ellie Mae announces layoffs of 10% of its staff HousingWire, Buyout firm Thoma Bravo goes from niche to big league, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. When private equity shows up to a deal, it usually spells disaster for everyone but the investors. Thoma Bravo's blank-check firm has reached an agreement to take app software company ironSource public through a merger that values the combined business at $11.1 billion. SailPoint wasn't even their largest cybersecurity acquisition by a long shot. Offers may be subject to change without notice. Thoma Bravo Lacks Options with Proofpoint, Apr 28, 2021 Employees are faced with layoffs , years of stalled product innovation and the imposition of cost-saving measures. Last year alone saw 72 acquisitions by private equity. Thoma Bravo is n van de grootste software-investeerders ter wereld, met meer dan $120 miljard aan beheerd vermogen (per 30 september 2022). This communication contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. About Proofpoint, Inc.Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. But attrition has been all time high, and then they put hiring freeze. Thoma Bravo's transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations Thoma Bravo Completes Acquisition of Proofpoint https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint Find the information you're looking for in our library of videos, data sheets, white papers and more. He researches and reports on 2,615 IT security vendors. Proofpoint, Go to company page thoma bravo acquisitions layoffs . An inside view of ConnectWises reduction in force from msp, When asked whether more layoffs were coming, Jason said that without Covid the My company is a Thoma Bravo deal as well and your description of those , https://www.cnbc.com/2021/04/26/thoma-bravo-purchase-of-proofpoint-marks-top-private-equity-cloud-deal.html, Apr 26, 2021 Proofpoint shares surged 31% on Monday after private equity firm Thoma Bravo agreed to buy the security software vendor in a deal valued at , Buyout firm Thoma Bravo builds war chest for software companies, Thoma Bravos transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations , https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint.