Israeli Cyber Firm?»«Varonis in Advanced Talks for Sale to US Company Proofpoint

Israeli cybersecurity firm Varonis is reportedly in advanced negotiations to be acquired by American company Proofpoint, according to a report in The Wall Street Journal. The financial terms of the potential deal have not yet been disclosed. Varonis currently has a market valuation of approximately $5.4 billion.

Following the news, Varonis's stock experienced a significant surge, climbing nearly 10% on Wall Street. Further details are expected to emerge as the situation develops.