Yet another anti-spam liquidity event
Eight years ago Symantec acquired BrightMail and started an anti-spam buying spree which continues to this day. Having started in 2002, ProofPoint was an early stage company when Symantec made its acquisition. Now, ten years after it started, ProofPoint is aiming for an IPO at a market valuation in the $400M range. We went way back in our archives to find our Anti-Spam Hall of Fame (below) — ProofPoint brings the total in the range of $3.5B. What’s remarkable about this is that when you ask experts who follow spam closely this question — “How many high volume spammers are there in the world” — the answer usually is: “Less than 100.” That’s right — 100 bad actors create the vast majority of spam and have caused a $3.5B business opportunity. Funny thing — the worst thing that could happen to these companies is that the spam problem actually gets solved…but that’s another story.
Anti-Spam Hall of Fame
|Date||Acquiree||Acquirer||Amount||Estimated Sales Multiple|
|7/09||MX Logic||McAfee||$140M (+$30M)||???|