NextPage acquired by Proofpoint 

Stratagem introduces deal for $10M in pre-IPO stock that explodes to $86M.

NextPage was a leader in Information Governance with technology to enable enterprises to track, monitor and manage unstructured content at the unmanaged edge. The value was huge for large and mid-sized organizations needing to address eDiscovery and information compliance requirements.

Stratagem introduced NextPage and Proofpoint and managed the review and evaluation. At the time, Proofpoint, was still a privately-held company, but with plans to go public, leveraging very fast growth around their leading, SaaS-based security offering. Securing unstructured content at the edge fit nicely into their plans.

Our work resulted in NextPage securing a stock-based transaction at pre-IPO prices, shortly before the offering. NextPage investors received $10M in stock at the IPO price that is worth $86M in 2020.