Terms and conditions We have built a Big Data platform, which can process billions of requests per day and is built on Hadoop. Mr. Steele owns over 7,500 units of Proofpoint Inc stock worth over $5,107,784 and over the last 10 years he sold PFPT stock worth over $46,690,895. The company provides solutions for large and mid-sized organizations, protecting people, data and brands from advanced threats and compliance risks. He took over as that companys founding CEO when it was still an early-stage startup, before overseeing its journey to become an established, publicly traded security-as-a-service provider and a major player in the cybersecurity space. He received nearly $3.4 million of total compensation from Proofpoint in 2020. MWC 2023 moves beyond consumer and deep into enterprise tech, Carrier equipment maker Ericsson lets go 8,500 employees, Apple reportedly planning second-generation mixed reality headset for 2025, Report: Justice Department plans lawsuit to block Adobe's $20B Figma acquisition, Galaxy Digital finalizes $44M acquisition of crypto self-custody platform GK8, Meta releases LLaMA to democratize access to large language AI models, [the voice of enterprise and emerging tech]. Steele appears to have chosen a good moment to join Splunk, as the company announced solid fourth-quarter results today, beating Wall Streets expectations. Discover what Splunk is doing to bridge the data divide. Under Merritts tenure, Splunk not only grew its market presence but also transformed itself to a cloud-centric business model, in line with the much wider industry shift to the cloud. Before joining Proofpoint, Gary served as the Chief Executive Officer at Portera, an applications company delivering solutions for the professional services industry. Follow. I look forward to accelerating Proofpoints role as the trusted threat, compliance, and information protection provider at our customers, Willy said in a statement. In a separate press release issued today, Splunk announced its fourth quarter and fiscal year 2022 financial results. Most recently, Gary Steele sold 5,000 shares of the business's stock in a transaction on Tuesday, April 6th. A federal jury has awarded $13.5 million in compensatory damages to Proofpoint in a trade secrets lawsuit against Vade Secure.. Opinions expressed by Forbes Contributors are their own. . According to our Database, He has no children. Learn about our unique people-centric approach to protection. Sunnyvale, CA - June 29, 2011 - Proofpoint, Inc., the leading provider of cloud-based email security and compliance solutions, today announced that it has appointed David Knight to the position of executive vice president of product management and marketing. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. Gary Steele has not been actively trading shares of Proofpoint during the last ninety days. Steele was the founding CEO of Proofpoint, and over the past two decades, he led the companys growth from an early-stage start-up to a leading, publicly traded security-as-a-service provider to some of the world's best known organizations. Gary Steele's net worth Same platform but with new and improved features. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts. Sitemap, A Message From Gary Steele, CEO, Proofpoint, Gary Steele, Chief Executive Officer and Chairman of the Board, Intelligent Classification and Protection, Managed Services for Security Awareness Training, Managed Services for Information Protection, https://asianpacificfund.org/who-we-are/mission/. On average, Proofpoint Inc executives and independent directors trade stock every 7 days with the average trade being worth of $2,695,492. Mr. Steeles prior experience includes business development, marketing, and engineering roles at Sun Microsystems and Hewlett-Packard. [32] It uses a blend of sandbox analysis, reputational analysis, automated threat data, human threat intelligence and attributes such as sender/recipient relationship, headers, and content, and more to detect potential threats. Under Mr. Steeles leadership, Portera raised more than $100M in capital from some of the leading venture capitalists including Kleiner Perkins, IVP, and American Express, and grew the business from its initial concept to $20M in revenue. Read how Proofpoint customers around the globe solve their most pressing cybersecurity challenges. Like most SaaS companies, we have been focused on the U.S. market about 80% of our business comes from the U.S. 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. Gary Steele - Chief Executive . CEO Gary Steele recently spoke with the Wall Street Journal about how Proofpoint goes the extra mile to keep your data safe - even from government data requests. Gary Steele -- Chief Executive Officer and Chairman Thanks, Jason. Ive dedicated my career to helping companies around the world safeguard their data, systems and infrastructure, and know firsthand how critical Splunks products and solutions have become to customers as they navigate hybrid, multi-cloud environments with increasingly complex attacks and threat actors, Steele said. [33], Proofpoint's digital risk products are aimed at companies seeking to stop cybercriminals from impersonating their brand to harm customers, partners, and the brand's reputation. The process was challenging and exhausting, but it turned out to be a remarkable experience. Gary Steele, Proofpoint CEO, discusses what to expect in the world of hacking, especially in an election year. The company needs some tightening up to increase its seaworthiness, as it has been caught out in the transition to subscription storms.. Gary L. Steele serves as Chairman of the Board, Chief Executive Officer of the Company. Learn More on Proofpoint's active insiders. Steele has over 30 years of tech industry experience. [15], Another product introduction in November 2004 included Protection Server 3.0, with Email Firewall and MLX-based Dynamic Reputation Analysis, and the Content Security Suite, plug-in modules designed for scanning outbound messages and their attachments to assist in compliance with data protection regulations such as SarbanesOxley, HIPAA, and GrammLeachBliley. Our plan is to continue to deliver world class technology, ensure customer success, and evolve our people-centric solutions to market needs, while driving profitable growth.. A key differentiator is that the Big Data platform is in real-time. Small Business Solutions for channel partners and MSPs. Proofpoint, Inc. is an American enterprise security company based in Sunnyvale, California that provides software as a service and products for email security, data loss prevention, electronic discovery, and email archiving. I cant wait to get started and earn the right to call myself a Splunker.. Gary is a visionary leader whose software and cybersecurity expertise, deep understanding of SaaS and recurring revenue models, and unwavering commitment to driving innovation and customer success on a global scale will be invaluable to Splunk on our path to $5 billion and beyond, said Graham Smith, Interim CEO and Chair of Splunk. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. [6], The company was founded in July 2002 by Eric Hahn, formerly the CTO of Netscape Communications. Finally, Id like to take a moment to thank our incredibly talented team members, whose dedication and hard work have contributed to Proofpoints success and have allowed us to achieve the incredible milestone of being part of the largest software take-private deal of all time. All rights reserved. Sitemap, A Message from Gary Steele, CEO, Proofpoint, Intelligent Classification and Protection, Managed Services for Security Awareness Training, Managed Services for Information Protection. He holds a B.S. This chart shows Gary Steele's buying and selling at Proofpoint by year and by quarter. Steele spoke to the Mercury News about. SUNNYVALE, Calif., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Proofpoint, Inc., a leading cybersecurity and compliance company, today announced it has completed its acquisition of Dathena, an innovator in. In combination, this was known as the Proofpoint Messaging Security Gateway Appliance. Splunks interim CEO and Chairman Graham Smith, who will remain chairman, said the company chose Steele because he is a visionary leader with a deep understanding of SaaS and recurring revenue models with tons of experience in the software and cybersecurity markets. I'd like to thank everyone for joining us on the call today. [18] Moving a dedicated hardware appliance to a virtual server eliminates problems associated with proprietary hardware and reduces upgrade costs,[19] though it does require knowledge of VMware's virtual server architecture. 14. Moving into the software-as-a-service business, Proofpoint introduced Proofpoint on Demand, a hosted version of its email security and data loss prevention offerings. Steele holds a degree in computer science from Washington State University, and he serves on the board of directors for Malwarebytes, Synack, Vonage, and Upwork. The company joined dozens of other anti-spam software providers[7] in a business opportunity fueled by an exponential increase in spam volume that was threatening worker productivity, making spam a top business priority. A deal would allow Cisco to better compete with Palo Alto Networks, which has network and security operations. Disarm BEC, phishing, ransomware, supply chain threats and more. 925 West Maude Avenue Sunnyvale, California 94085 (Address of principal executive offices) (Zip Code) (408) 517-4710 Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. But along the way came software as a service (SaaS). [14] It was tested by Infoworld and found to stop 94% of spam. Build resilience to meet todays unpredictable business challenges. Keep up with the latest news and happenings in the everevolving cybersecurity landscape. In 2021, Proofpoint was acquired by private equity firm Thoma Bravo for $12.3 billion. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. [17] Designed to monitor online messaging other than email, the appliance monitors Web mail, message boards, blogs and FTP-based communications. Learn about the benefits of becoming a Proofpoint Extraction Partner. Exhibit A . Proofpoint products are designed to solve three business problems: advanced cybersecurity threats, regulatory compliance, and brand-impostor fraud (which it calls "digital risk"). Manage risk and data retention needs with a modern compliance and archiving solution. Gary Steele is 57, he's been the Chairman of the Board and Chief Executive Officer of Proofpoint Inc since 2018. Proofpoint's P1000 appliance, which is designed for organizations with 25,000 users or more, can scan up to 4 million e-mails per day and offers 300G bytes of storage space - enough to quarantine. We saw a large opportunity to create a broad suite of applications for the security market. This morning I had a chance to talk to Proofpoint CEO Gary Steele, who has been at the helm for nearly a decade. watch now. Gary Steele is Splunk's President and Chief Executive Officer and a member of our board of directors. Security leaders and organizations are going to need to figure out how do you defend people when they are sitting at home working from their couch just . Prior to Proofpoint, Steele was CEO of Portera and held . President and CEO Jan 2006 - Present17 years 2 months I have been CEO of KLA-Tencor since January of 2006. Get the latest cybersecurity insights in your hands featuring valuable knowledge from our own industry experts. Raised over $86M in. Splunk is executing against a tremendous opportunity, and I look forward to working with the team to ensure the business reaches its full potential., Steele continued, Splunk has incredible talent and an innovative and customer-centric ethos. Read the latest press releases, news stories and media highlights about Proofpoint. [34] On social media, it stops scams in which fraudsters create fake customer-service accounts to find people seeking help over social media and trick them into handing over account credentials or visiting a malicious website. Holger Mueller of Constellation Research Inc. said Steele was a surprising choice, as he comes from a smaller company in an adjacent field to Splunk and hes almost 60 years old.
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