Imperva Completes the Acquisition of Prevoty
13 Agosto 2018 - 3:10PM
Business Wire
Imperva, Inc. (NASDAQ: IMPV), a leading global provider of
best-in-class cybersecurity solutions on premises, in the cloud,
and across hybrid environments, announced it completed its
acquisition of Prevoty, Inc. a leader in Runtime Application
Self-Protection, on Thursday, August 9.
“We are excited to welcome the Prevoty team to Imperva,” said
Chris Hylen, president and CEO of Imperva. “Together we will set
the bar for application and data protection while also advancing
our mission, strategy and priorities. Prevoty complements current
Imperva application, data and insights offerings that will enable
us to deliver compelling, comprehensive solutions to keep our
customers' data and applications safe from cybercriminals.”
The combination of Imperva and Prevoty will expand customers’
security capabilities and their visibility into how applications
are accessed, what happens within the applications, and how
applications and users interact with data. With this expanded view
across their business assets, customers will have deeper insights
to help them understand and mitigate security risk.
With the acquisition now closed, Prevoty CEO Julien Bellanger
reports to Eldad Chai, SVP of Product Management. The Prevoty team
joins Imperva under Julien’s leadership.
Disclosure of non-stockholder approved employment inducement
grants made in reliance on NASDAQ rules: In accordance with Nasdaq
Listing Rule 5635(c), Imperva has granted equity awards under its
Amended and Restated 2015 Equity Inducement Plan to the new
employees who joined Imperva in connection with the acquisition.
Imperva granted a total of 84,408 restricted stock units to 39
employees. 49,820 of the restricted stock units will vest over four
years with 25 percent vesting on the first anniversary of the
vesting commencement date and the remaining 75 percent vesting
quarterly in equal installments, subject to the employees’
continued service to Imperva through each applicable vesting date.
34,588 of the restricted stock units will vest over three and a
half years with approximately 38 percent vesting on the first
anniversary of the vesting commencement date and the remaining 62
percent vesting quarterly in equal installments until fully vested,
subject to the employees’ continued service to Imperva through each
applicable vesting date. The employees who received restricted
stock units joined Imperva as a result of the acquisition and none
are executive officers of Imperva.
Forward-Looking Statements
This press release contains forward-looking statements,
including without limitation those regarding the company’s beliefs
about the benefits to Imperva and its customers of the Prevoty
acquisition and the combined vision to lead the world’s fight to
keep data and applications safe from cybercriminals. These
forward-looking statements are subject to material risks and
uncertainties that may cause actual results to differ substantially
from expectations including that the company may not be able to
successfully integrate Prevoty; customers may not accept, or may
not demand, the capabilities of the combined companies to the
degree that Imperva anticipates; customers may focus their
additional cybersecurity spending on other technologies or
addressing other risks; and other risks detailed under the caption
“Risk Factors” in the company’s Form 10-Q filed with the Securities
and Exchange Commission, or the SEC, on August 3, 2018 and the
company’s other SEC filings. You can obtain copies of the company’s
SEC filings on the SEC’s website at www.sec.gov.
The foregoing information represents the company’s outlook only
as of the date of this press release, and Imperva undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, new developments or
otherwise.
About Imperva
Imperva® is a leading cybersecurity company that delivers
best-in-class solutions to protect data and applications – wherever
they reside – on-premises, in the cloud, and across hybrid
environments. The company’s Incapsula, SecureSphere, and
CounterBreach product lines help organizations protect websites,
applications, APIs, and databases from cyberattacks while ensuring
compliance. Imperva innovates using data, analytics, and insights
from our experts and our community to deliver simple, effective and
enduring solutions that protect our customers from cybercriminals.
Learn more at www.imperva.com,
our blog, or Twitter.
© 2018 Imperva, Inc. All rights reserved. Imperva, the Imperva
logo, CounterBreach, Incapsula, SecureSphere, ThreatRadar,
Camouflage along with its design and Prevoty are trademarks of
Imperva, Inc. or its subsidiaries.
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