Steele also serves as a Trustee and Director at the San Francisco Museum of Modern Art. Proofpoint also introduced policy-based email encryption features, using identity-based encryption technology licensed from Voltage Security. Steele, 59, founded Proofpoint in November 2002, took the company public in April 2012 at a valuation of $385.6 million, became chairman in 2018, grew Proofpoint's workforce to 3,300 staff,. Learn about this growing threat and stop attacks by securing todays top ransomware vector: email. 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. We first announced the proposed deal back in April, and Proofpoint shareholders agreed to the transaction last month with regulatory approvals following. [12], In 2004, strict new HIPAA regulations governing financial disclosures and the privacy of health care data prompted Proofpoint to begin developing new products that would automatically identify and intercept outbound email containing sensitive information. At the time of its initial public offering (IPO), the company's shares traded at $13 apiece; investors purchased more than 6.3 million shares through the IPO, raising more than $80 million. 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. The California-based and . In combination, this was known as the Proofpoint Messaging Security Gateway Appliance. Splunks executive management team will host a conference call today, March 2, 2022, at 1:30 p.m. PT (4:30 p.m. Steele was the founding CEO of Proofpoint, and over the past two decades, he led the company's growth from an early-stage start-up to a leading, publicly traded security-as-a-service provider. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. 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. These products work across email, social media, mobile devices, and the cloud.[24][25][26][27]. Proofpoint (Nasdaq:PFPT), a cloud-based provider of security solutions, launched its IPO today to a slightly warm welcome. For the current quarter, Splunk offered revenue guidance of $615 million to $635 million, comfortably ahead of Wall Streets forecast of $604.9 million. Pund-IT Inc. analyst Charles King told SiliconANGLE that despite being relatively unknown, Steele looks to be an excellent choice to lead Splunk as it pursues further growth. Reduce risk, control costs and improve data visibility to ensure compliance. 4. This net worth approximation does not reflect any other assets that Mr. Steele may own. 2023 Splunk Inc. All rights reserved. Overview. We would like to show you a description here but the site won't allow us. The portfolio also includes protection from social-media account takeovers, harmful mobile apps, and rogue Wi-Fi networks. The product runs as a virtual appliance on a host running VMware's virtual server software. Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. Splunk, which makes software thats used by enterprises to monitor and analyze data, said it has appointed Gary Steele (pictured) as its new CEO. Proofpoint products are designed to solve three business problems: advanced cybersecurity threats, regulatory compliance, and brand-impostor fraud (which it calls "digital risk"). The company provides solutions for large and mid-sized organizations, protecting people, data and brands from advanced threats and compliance risks. VIDEO 04:59. We first announced the proposed deal back in April, and Proofpoint shareholders agreed to the transaction last month with regulatory approvals following. Secure access to corporate resources and ensure business continuity for your remote workers. Gary brings a broad range of enterprise software experience to the company. Prior to Proofpoint, Steele was CEO of Portera and held various leadership roles at Sybase, Sun Microsystems and Hewlett-Packard. Its been extremely upsetting that over the past year, the number of attacks have increased, including someagainst friends, neighbors, employees, andtheir familiesandloved ones. Read focused primers on disruptive technology topics. [36], In the 2016 Forrester Wave for Digital Risk Monitoring, Q3 2016 the Proofpoint digital risk / social media product was included in an evaluation of the nine top vendors in this emerging market. Proofpoint Messaging Security Gateway V5.0 was released in June 2007, and was based on a new, integrated architecture, combining all its capabilities into a single platform. Mr. Gary L. Steele is an Independent Director at Upwork, Inc., an Independent Director at Vonage Holdings Corp. and a Chairman & Chief Executive Officer at Proofpoint, Inc. View popular celebrities life details, birth signs and real ages. See why organizations trust Splunk to help keep their digital systems secure and reliable. Cisco CEO Chuck Robbins responded to the rumors last month, saying: We are always disciplined and continue to focus on organic and inorganic opportunities You should expect us to continue to be very disciplined as we move forward. Spending $20 billion to buy Splunk would be the largest purchase in the networking giants 38-year history, which has featured nearly 240 acquisitions. Learn More on Proofpoint's active insiders. In addition, he makes $8,413,690 as Chairman of the Board and Chief Executive Officer at Proofpoint Inc. Gary has made over 116 trades of the Proofpoint Inc stock since 2013, according to the Form 4 filled with the SEC. Steele, who is currently the CEO of cybersecurity firm Proofpoint Inc., will assume the role on April 11, when he will also join Splunk's board of directors. Read the latest press releases, news stories and media highlights about Proofpoint. Neither is Proofpoint. Steele has over 30 years of tech industry experience. About Gary Steele. Steele said he is honored to join what is one of the most respected brands in tech and a company that sits at the forefront of security and observability.. I look forward to accelerating Proofpoints role as the trusted threat, compliance, and information protection provider at our customers, Willy said in a statement. Before founding Proofpoint in 2002, Steele was CEO of Portera and prior to that held leadership roles at Sybase, Microsystems and Hewlett-Packard. [11] According to the 2004 National Technology Readinesed the number of spam detection attributes to more than 50,000[ambiguous]. Prior to Proofpoint, Steele was CEO of Portera and held . Staff Reporter April 27, 2021 Proofpoint announced that it has been acquired by Thoma Bravo for approximately $12.3 billion. He added that Steeles unwavering commitment to driving innovation and customer success will be invaluable as Splunk strives to become a $5 billion annual revenue company. Learn More on Gary Steele's trading history. Tue, Sep 6 2016 6:35 AM EDT. Under his leadership, Portera raised over $100 million from leading venture capitalists and grew from its initial concept to $20 million in revenue. Steele spoke to the Mercury News about. The process was challenging and exhausting, but it turned out to be a remarkable experience. Proofpoint offers software or SaaS aimed at different facets of email security. 2005 - 2023 Splunk Inc. All rights reserved. Like most SaaS companies, we have been focused on the U.S. market about 80% of our business comes from the U.S. Gary Steele, CEO of cybersecurity company Proofpoint, photographed at his company's headquarters in Sunnyvale, California, Tuesday, Sept. 26, 2017. Learn about this growing threat and stop attacks by securing todays top ransomware vector: email. Steele currently serves on the Boards of Directors of Upwork, a public technology company, as well as Malwarebytes, Synack and Modmed, three private companies. He has a strong passion for people supported by extensive experience in leading business teams through periods of continuous growth and improvement. Gary Steele Chief Executive Officer at Proofpoint Location: San Francisco Bay Area, CA Add to My Lists Gary Steele brings a broad range of enterprise software experience to the company. Plan your migration with helpful Splunk resources. Following the completion of the sale, the chief executive officer now directly owns 68,290 shares of the company's stock, valued at $8,869,505.20. This morning I had a chance to talk to Proofpoint CEO Gary Steele, who has been at the helm for nearly a decade. Get notified the next time Gary Steele buys or sells Proofpoint stock. Steele was additionally granted $12 million of restricted stock units with a four-year vesting period, and $18 million of performance-based stock units that, if earned, will vest over three years, according to regulatory filings. Gary Steele - Chief Executive . Access timely security research and guidance. View Gary Steele's profile for company associations, background information, and partnerships. Disarm BEC, phishing, ransomware, supply chain threats and more. Splunk has landed Proofpoint founder and CEO Gary Steele as its next top executive to help the security and observability vendor further scale its business. Gary Steele is an experienced technology industry executive who has served as founding CEO of Proofpoint since 2002. watch now. We recommend you to check the complete list of Famous People born on 1 May. We stand in solidarity with everyone in the Proofpoint ecosystem as well as the broader Asian and Asian American Pacific Islander (AAPI) communities against these senseless acts of violence, racism and hate. We saw a large opportunity to create a broad suite of applications for the security market. Learn about our relationships with industry-leading firms to help protect your people, data and brand. Click here to join the free and open Startup Showcase event. 04:56. Splunk experts provide clear and actionable guidance. All other brand names, product names, or trademarks belong to their respective owners. Prior to Proofpoint, Steele was CEO of Portera and held various leadership roles at Sybase, Sun Microsystems and Hewlett-Packard. Wall Street was looking for a loss of 19 cents per share on revenue of just $774.1 million, so Splunk beat those targets by some distance. Terms and conditions Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. In a step towards simpler operational requirements, the Proofpoint Messaging Security Gateway Virtual Edition was released in April 2007. August 31, 2021 Gary Steele, Chief Executive Officer I am pleased to announce that Proofpoint's acquisition by Thoma Bravo was completed today. While competing in the United States with the National Wrestling Alliance, Steele defeated Naoya Ogawa in a three-way match with Brian Anthony in Charlotte, North Carolina on 25 September 1999 to become the first-ever English World Heavyweight Champion in professional wrestling history and one of the youngest wrestlers to win the NWA World Heavyweight Championship although he would lose the title to Ogawa one week later in Thomaston, Connecticut on 2 October. Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Jason Starr - Vice President, Investor Relations. 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. Same platform but with new and improved features. [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. Splunks stock is up $2.08 (1.81 percent) to $117 per share in after-hours trading Wednesday. Chart Data in Insider Trading History Table. The Board is focused on ensuring a seamless transition and remains committed to driving long-term value for our stockholders., Fourth Quarter and Fiscal Year 2022 Earnings. Gary Steele took the reins as President and CEO of data platform developer Splunk On April 11, filling the vacancy created in November 2021 when then-CEO Doug Merritt abruptly stepped down. 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. Also learn how He earned most of networth at the age of 47 years old? 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. It is a way to better detect potential threats. Steele was previously chairman and CEO of Proofpoint, a formerly public cybersecurity company that in August was acquired by the private equity firm Thoma Bravo. Keep up with the latest news and happenings in the everevolving cybersecurity landscape. Become a channel partner. Mr. Steele currently serves on the board of directors of Vonage Holding Corp., and Upwork Inc., as well as on the board of two privately held companies. In 2021, Proofpoint was acquired by private equity firm Thoma Bravo for $12.3 billion. Get the latest cybersecurity insights in your hands featuring valuable knowledge from our own industry experts. Find contact details for 700 million professionals. We have about 100 of the Fortune 1,000. , money, salary, income, and assets. Prior to Proofpoint, Steele was CEO of Portera and held various leadership roles at Sybase, Sun Microsystems and Hewlett-Packard. Prevent data loss via negligent, compromised and malicious insiders by correlating content, behavior and threats. Learn More about Gary Steele's net worth. To lure Steele from Proofpoint, Splunk offered him a base salary of $900,000, a cash signing bonus of $8 million, and a target annual bonus of 125 percent his annual base salary. Learn about the technology and alliance partners in our Social Media Protection Partner program. Follow. SAN FRANCISCO, March 2, 2022 Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced that Gary Steele has been appointed Chief Executive Officer of Splunk, and as a member of the companys Board of Directors, effective April 11, 2022. Exhibit A . Privacy Policy Mr. Steele will stay on until March 19, 2022, to ensure a. Customer success starts with data success. Splunk is executing against a tremendous opportunity, and I look forward to working with the team to ensure the business reaches its full potential.. Mr. Steeles prior experience includes business development, marketing, and engineering roles at Sun Microsystems, Inc. and Hewlett-Packard Company, computer, computer software and information technology companies. A deal would allow Cisco to better compete with Palo Alto Networks, which has network and security operations. Todays cyber attacks target people. Learn about our unique people-centric approach to protection. In 2021, Proofpoint was acquired by private equity firm Thoma Bravo for $12.3 billion. gov. Proofpoint Inc executives and other stock owners filed with the SEC include: Gary Steele, Chairman of the Board, Chief Executive Officer Paul Auvil, Chief Financial Officer David Knight, Executive Vice President, General Manager, Security Products Blake Salle, Executive Vice President, Worldwide Sales Gary L. Steele, Chairman of Board & CEO There are 3 older and 11 younger executives at Proofpoint Inc. So we combined the two. Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale. Its the second successive quarter in which Splunk has topped analysts targets. 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. 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. [13], In March 2004, Proofpoint introduced its first hardware appliance, the P-Series Message Protection Appliance (later renamed Proofpoint Messaging Security Gateway), using a hardened Linux kernel and Proofpoint's Protection Server 2.0 software. Meanwhile, Splunk announced that President and Chief Growth Officer Teresa Carlson, will be leaving the company to pursue other career opportunities. The goal of ICSA Labs' anti-spam product testing and certification is to evaluate product effectiveness in detecting and removing spam. Five things to know about Proofpoint CEO Gary Steele Education: Bachelor's in computer science from Washington State University Career path: Product manager at Hewlett-Packard, manager of. Build resilience to meet todays unpredictable business challenges. Various Positions Feb 1988 - Dec 200517 years 11 months Board Of Directors Proofpoint. Learn about the latest security threats and how to protect your people, data, and brand. 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. [8], Proofpoint became a publicly traded company in April 2012. Its solutions also includes email protection, advanced threat protection, email authentication, data loss prevention, SaaS application protection, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, secure communication, phishing simulation and security awareness computer-based training. 4:30 PM - 5:30 PM. His experience with Sun Microsystems and Hewlett-Packard included business development, marketing, and engineering roles. PROOFPOINT, INC. (Exact name of Registrant as specified in its charter) Delaware 51-0414846 (State or other jurisdiction of incorporation or organization) (I.R.S. There are 3 older and 11 younger executives at Proofpoint Inc. In other words, hes likely to understand and value Splunks culture while also providing the business acumen the company needs to evolve and move into new markets.. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Stand out and make a difference at one of the world's leading cybersecurity companies. Become a channel partner. I'd like to thank, everyone, for joining us on the call today. Were thrilled to welcome Gary to the Splunk team, and look forward to working with him to further scale the business and extend the value we provide our customers and partners., Splunk has built one of the most respected brands in tech and is at the forefront of security and observability. Learn about how we handle data and make commitments to privacy and other regulations. The corporate mailing address for Mr. Steele and other Proofpoint executives is 892 ROSS DRIVE, SUNNYVALE CA, 94089. Aruba, a Hewlett Packard Enterprise Company, AMD & Supermicro Performance Intensive Computing, Splunk CEO Doug Merritt Exits After $1B Silver Lake Investment. Before Portera, Mr. Steele served as the vice president and general manager of the Middleware and Data Warehousing Product Group at Sybase, Inc., an enterprise and mobile software company. [10], The company's first product was the Proofpoint Protection Server (PPS) for medium and large businesses. Willy, 50, joined Proofpoint in December 2016 to lead global customer service, renewals and worldwide systems engineering, and was promoted in July 2020 to EVP and GM, Security Products and Services, where hes responsible for the companys email, threat intelligence and detection, authentication and response product lines. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Registration & Breakfast . [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.