Contribute. Biography of Gary Steele 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. AI-powered protection against BEC, ransomware, phishing, supplier riskandmore with inline+API or MX-based deployment. Learn about the benefits of becoming a Proofpoint Extraction Partner. 8:00 AM - 8:30 AM. Various Positions Feb 1988 - Dec 200517 years 11 months Board Of Directors Proofpoint. Deliver the innovative and seamless experiences your customers expect. Steele is a highly regarded technology executive with over 30 years of experience and a proven track record of successfully scaling SaaS operations and growing multi-billion dollar global enterprises. 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. 925 West Maude Avenue Sunnyvale, California 94085 (Address of principal executive offices) (Zip Code) (408) 517-4710 Prior to Portera, Mr. Steele served as the vice president and general manager of the Middleware and Data Warehousing Product Group at Sybase, Inc., an organization of more than 350 people, spanning four geographies and generating $150M in revenue. [27] On October 23, 2014 Proofpoint acquired Nexgate, Inc., a social media and security compliance vendor. What does this mean for our employees and stakeholders? There are no executives at Proofpoint Inc getting paid more. He holds a B.S. Proofpoint Nov 2002 - Mar 202219 years 5 months Founding CEO at Proofpoint in 2002 and led its rise from an early-stage start-up to a leading security-as-a-service provider. There are 3 older and 11 younger executives at Proofpoint Inc. Sitemap, A Message from Gary Steele, CEO, Proofpoint, Intelligent Classification and Protection, Managed Services for Security Awareness Training, Managed Services for Information Protection. So, how much is Gary Steele worth at the age of 49 years old? Learn How rich is He in this year and how He spends money? Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. Build resilience to meet todays unpredictable business challenges. Gary Steele - Chief Executive . Follow. The deal would create a security powerhouse that combines Ciscos strength in network and identity protection with Splunks prowess in security operations. Mr. Steele owns 29,038 shares of Proofpoint stock worth more than $5,107,784 as of March 4th. Gary Harvey is a British retired professional wrestler better known as Gary Steele, who has competed in European, North American and Japanese promotions and has been a popular longtime mainstay of NWA UK Hammerlock since the mid-1990s. Learn about the latest security threats and how to protect your people, data, and brand. Proofpoint, Inc. (NASDAQ:PFPT) Q2 2020 Earnings Conference Call July 30, 2020 4:30 PM ETCompany Participants. The estimated Net Worth of Gary Steele is at least $60.2 Million dollars as of 13 May 2021. 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]. Get free research and resources to help you protect against threats, build a security culture, and stop ransomware in its tracks. Learn More on Gary Steele's trading history. Gary Steele, CEO of cybersecurity company Proofpoint, photographed at his company's headquarters in Sunnyvale, California, Tuesday, Sept. 26, 2017. The portfolio also includes protection from social-media account takeovers, harmful mobile apps, and rogue Wi-Fi networks. Steele holds a Bachelors of Science in Computer Science from Washington State University. An established thought leader in the cybersecurity space, Steeles expertise has been featured by outlets such as Forbes, CNBC, Fox Business, Fortune, Investors Business Daily, the Wall Street Journal, and MarketWatch. Expands Executive Team, Hires Klaus Oestermann as President and Chief Operating Officer; Proofpoint's Board of Directors Appoints CEO Gary Steele as Chairman as Eric Hahn Announces Retirement", "Proofpoint: Number of Employees 2011-2019 | PFPT", "Thoma Bravo Completes Acquisition of Proofpoint", Proofpoint adds funding, San Jose Business Journal, Oct 14, 2003, "Proofpoint Agreed To Be Acquired By Thoma Bravo", Fighting Spam, Fueling Growth, InformationWeek Research's Outlook 2004 Survey, Proofpoint improves spam prevention, Nov 3, 2003, NetworkWorld, IronPort, Proofpoint appliances target spam, NetworkWorld, March 15, 2004, BorderWare and Proofpoint boxes are both capable spam combatants, Infoworld, May 28, 2004, "ProofPoint Appliance Stands Guard At E-Mail Gate", "Proofpoint, Voltage Team on E-Mail Encryption", CRN Test Center Review: A Virtual Solution To Spam, ChannelWeb, Apr 23, 2007, "Earth Times: show/icsa-labs-introduces-formal-testing-of-anti-spam-products,345941.shtml", "Proofpoint jumps into security services fray", "Proofpoint Offers On Demand Email Security for SMBs", "Proofpoint Enterprise Protection: Product overview", "Proofpoint Email Encryption: Product overview", "Proofpoint releases Proofpoint Intelligent Supervision | Compliance Week", "The Forrester Wave: Digital Risk Monitoring, Q3 2016", "FBI: Email Scams Take $3.1 Billion Toll on Businesses", "Proofpoint Announces Intelligent Supervision and Compliance Gateway to Help Customers with FINRA and SEC Audits | Proofpoint", "Social Media Phishing Soars, New Trend Is Fake Customer Service", "Proofpoint acquires Nexgate for $35 million", "nexgate-blog-proofpoint-acquires-socialware--expan", "Proofpoint Signs Definitive Agreement to Acquire Illusive", "Proofpoint Enters into Definitive Agreement to Acquire InteliSecure; Augments People-Centric Managed Services Offering | Proofpoint US", "Proofpoint's (PFPT) Q1 Earnings Top Estimates, View Slashed", "Proofpoint Enters into Definitive Agreement to Acquire ObserveIT for $225 Million in Cash; Extending Leadership in People-Centric Security and Compliance to Deliver Post-Perimeter Data Loss Prevention | Proofpoint US", "Software-Defined Perimeter in the Cloud", "Proofpoint acquires Meta Networks to strengthen its cloud-based architecture and its security platform", "Proofpoint Acquires Meta Networks for Nearly $120m", "Wombat Security acquired for $225M by Silicon Valley cybersecurity company", "Proofpoint completes Wombat acquisition, aims to increase revenue by millions", "Proofpoint Enters into Definitive Agreement to Acquire Weblife for $60 million; Extends Protection Capabilities to Enterprise Users' Web-based Personal Email", "Proofpoint acquires Cloudmark for $110M in cybersecurity consolidation play", "Proofpoint acquires Israeli Firelayers for $55 million", "Proofpoint pays $55 million for Israel's FireLayers", "Proofpoint Battens Against Spoofers, Phishers With $18 Million Buy", "Cybersecurity Company Proofpoint Acquires Socialware", "Proofpoint to Acquire Emerging Threats for $40M", "Proofpoint Acquires Emerging Threats for $40 Million", "Proofpoint acquires NetCitadel in $24M deal", "Proofpoint Acquires Sendmail for $23M in Cash", "Proofpoint to Acquire Armorize Technologies for $25 Million - SecurityWeek.Com", "Proofpoint Seals $25 Million Deal For Armorize Technologies", "Abaca Technology Corporation: Private Company Information - Bloomberg", "California company buys Utah's NextPage", "Proofpoint Acquires Secure Data In Motion", https://en.wikipedia.org/w/index.php?title=Proofpoint,_Inc.&oldid=1135792967, This page was last edited on 26 January 2023, at 22:04. 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 Search. 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. Gary Steele is an experienced technology industry executive who has served as founding CEO of Proofpoint since 2002. social, mobile, web, and dark web) channels to detect, prevent, malicious or unwanted content from undermining organizational efforts to build brand across all major social media platforms. 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.. As Chairman and CEO of Proofpoint Inc, Gary Steele has a total base salary of $594,583 . 5+ . [28] The Messaging Security Gateway is a web-based application that offers spam protection; based on both user defined rules as well as dynamically updated definitions,[29] anti-virus scanning, and configurable email firewall rules. Click to read more about the interview! [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. THE AGENDA. I'd like to thank everyone for joining us on the call today. Before joining Proofpoint, Gary served as the Chief Executive Officer at Portera, an applications company delivering solutions for the professional services industry. Search our database of over 100 million company and executive profiles. Steele currently serves on the Boards of Directors of Upwork, a public technology company, as well as Malwarebytes, Synack and Modmed, three private companies. 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. [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 company needs some tightening up to increase its seaworthiness, as it has been caught out in the transition to subscription storms.. We first announced the proposed deal back in April, and Proofpoint shareholders agreed to the transaction last month with regulatory approvals following. Gary Steele . Opinions expressed by Forbes Contributors are their own. In this capacity, he initiated and spearheaded all new Internet projects targeted at the enterprise. Small Business Solutions for channel partners and MSPs. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including those described in the companys Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2021, which is on file with the U.S. Securities and Exchange Commission (SEC) and Splunks other filings with the SEC. Thats correct. In 2021, Proofpoint was acquired by private equity firm Thoma Bravo for $12.3 billion. Prior to joining our company, Mr. Steele served from June 1997 to July 2002 as the Chief Executive Officer of Portera Systems Inc., a software company. Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. Proofpoint introduced a new product, the Network Content Sentry, as an add-on appliance to the Content Security Suite in August 2005. Secure access to corporate resources and ensure business continuity for your remote workers. His net worth has been growing significantly in 2021-2022. Read the latest press releases, news stories and media highlights about Proofpoint. That transformation was largely successful, but the company delivered a string of disappointing quarterly results in the run-up to Merritts departure. 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. In a step towards simpler operational requirements, the Proofpoint Messaging Security Gateway Virtual Edition was released in April 2007. 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. Proofpoint (Nasdaq:PFPT), a cloud-based provider of security solutions, launched its IPO today to a slightly warm welcome. March 24, 2021 Gary Steele, Chief Executive Officer and Chairman of the Board On behalf of Proofpoint, I want to say that we are saddened and angered by the racially motivated violence and harassment targeting people of Asian descent. 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. In combination, this was known as the Proofpoint Messaging Security Gateway Appliance. Terms and conditions Learn about our relationships with industry-leading firms to help protect your people, data and brand. Gary Steele is an experienced technology industry executive who has served as founding CEO of Proofpoint since 2002. 2023 Splunk Inc. All rights reserved. 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. Splunks stock is up $2.08 (1.81 percent) to $117 per share in after-hours trading Wednesday. Not only has he founded and led successful startup companies, but Steele also has a substantial history of delivering the financial and leadership goods as a C-level executive, King pointed out. 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. As the Chairman of the Board and Chief Executive Officer of Proofpoint Inc, the total compensation of Gary Steele at Proofpoint Inc is $8,413,690. Learn More on Proofpoint's active insiders. Learn about our global consulting and services partners that deliver fully managed and integrated solutions. Gary Steele has been working as a Chief Executive Officer at TES for 13 years. The jury unanimously found that Vade Secure "willfully and maliciously" misappropriated over a dozen trade secrets and infringed copyrights belonging to Proofpoint and its subsidiary, Cloudmark. Prior to Proofpoint, Steele was CEO of Portera and held . 14. The company reported a loss of $140.8 million, with earnings before certain costs such as stock compensation of of 66 cents per share. [35] And in mobile, it finds counterfeit apps distributed through mobile app stores. Locations. Get deeper insight with on-call, personalized assistance from our expert team. 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. A deal would allow Cisco to better compete with Palo Alto Networks, which has network and security operations. There are 3 older and 11 younger executives at Proofpoint Inc. employer identification no.) Gary's mailing address filed with the SEC is C/O UPWORK INC.,, 475 BRANNAN STREET, SUITE 430, SAN FRANCISCO, CA, 94107. [14] It was tested by Infoworld and found to stop 94% of spam. He succeeds Gary Steele, who as founding CEO of Proofpoint is stepping down after having served in the role for the past 19 years. [17] Designed to monitor online messaging other than email, the appliance monitors Web mail, message boards, blogs and FTP-based communications. Learn about the technology and alliance partners in our Social Media Protection Partner program. Disarm BEC, phishing, ransomware, supply chain threats and more. 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. This field is for validation purposes and should be left unchanged. This is critical when dealing with security. watch now. [20] It could be run either as a dedicated appliance, virtual appliance, or software suite. Find the information you're looking for in our library of videos, data sheets, white papers and more. [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. The Wall Street Journal reported last month that networking giant Cisco put down a takeover offer for Splunk worth more than $20 billion. The product runs as a virtual appliance on a host running VMware's virtual server software. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Learn about the human side of cybersecurity. degree in computer science from Washington State University. Learn More about Gary Steele's net worth. Cocktail Reception. [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. [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. Proofpoint's compliance products are designed to reduce the manual labor involved in identifying potentially sensitive data, managing and supervising it in compliance with government and industry rules, and producing it quickly in e-discovery legal requests. A key differentiator is that the Big Data platform is in real-time. Gary Steele brings a broad range of enterprise software experience to the company. As a sign of support for our colleagues of Asian descent and the Asian American and Pacific Islander (AAPI) community, we will make financial donations to the following three organizations: I know that as we continue the commitment we made last summer to come together and seek to build a more inclusive community within and around us, we will find a positive path forward. Im honored to join the company at such an important moment for both Splunk and the industry, said Steele. Plan your migration with helpful Splunk resources. 2023. Gary Steele is an experienced technology industry executive who has served as founding CEO of Proofpoint since 2002. gov. Raised over $86M in. After joining Proofpoint in November 2002, Steele led the company in its rise from an early-stage startup to a leading security-as-a-service provider. [6] History [ edit] Company [ edit] Learn More on Proofpoint's active insiders. Gary Steele is 57, he's been the Chairman of the Board and Chief Executive Officer of Proofpoint Inc since 2018. 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 Proofpoints workforce to 3,300 staff, and engineered the companys $12.3 billion sale to Thoma Bravo in August 2021. A trained submission wrestler and martial artist, Steele also appeared at the Pro Wrestling ZERO-ONE PPV supercards "Fighting Athlete" in March 2001 and True Century Creation II in March 2002. Discover today's celebrity birthdays and explore famous people who share your birthday. The board of directors determined that Mr. Steele should serve as a director based on his position as our Chief Executive Officer and his understanding of the internet security industry. Steele takes over April 11 for Graham Smith, who has served as the companys interim CEO since longtime leader Doug Merritt abruptly resigned in November 2021. 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. He received nearly $3.4 million of total compensation from Proofpoint in 2020. 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. We thank Graham for his leadership as Interim CEO while the Board conducted its search for Splunks next CEO, said Steve Newberry, Lead Independent Director of the Splunk Board. Before joining Proofpoint, Mr. Steele served as the CEO of Portera, an applications company delivering solutions for the professional services industry.