Proofpoint to Buy Varonis Systems for 6.3B
Thoma Bravo-owned Proofpoint has agreed to acquire data security firm Varonis Systems in an all-cash transaction valued at approximately 6.3 billion dollars. Varonis shareholders will receive 49.75 dollars per share in cash under the terms of the deal. The acquisition is expected to close in the first half of 2027.
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Thoma Bravo-owned Proofpoint will acquire Varonis Systems Inc in an all-cash transaction valued at $6.3 billion, the companies said on Thursday. The offer represents a 52% premium over the target's share price prior to initial takeover speculation in June. Cybersecurity consolidation is accelerating as businesses increase security budgets to defend against AI-driven cybercrime.
