April 20th, 2012

Proofpoint Continues Hot IPO Market up 30% at Opening


Congratulations to Proofpoint for successfully completing its IPO this morning. It’s priced above the range and up 30% at the opening.

Proofpoint Shares Open 30% Higher Post-IPO

It’s nice to see that public investors recognize the market opportunity for Proofpoint’s SaaS based secure messaging platform for the corporate enterprise. Investing in this company from incubation at MDV to follow-on investing at Bridgescale has been a wonderful experience. Congratulations to the founders, management team and all investors.