Israeli Cyber Firm?»Veronis« Sold to Proofpoint for $6.3 Billion
Translated & summarized from Calcalist by baba
Israeli cybersecurity firm »Veronis« is being acquired by American company Proofpoint for $6.3 billion in an all-cash transaction. The deal represents a significant premium for »Veronis« shareholders, reflecting the company's AI-driven data security platform. »Veronis« employs around 2,800 people worldwide, with a substantial portion in Israel.
The story in 5 lines · by baba
- Israeli cyber firm »Veronis« is being acquired by Proofpoint for $6.3 billion.
- The acquisition is an all-cash deal, with »Veronis« shareholders to receive $49.75 per share.
- The purchase price reflects a 52% premium over the share price before initial sale rumors.
- »Veronis« specializes in AI-driven data security and was founded in 2004.
- The company employs approximately 2,800 people globally, including 1,000 in Israel.
Israeli cybersecurity company »Veronis« (Nasdaq: VRNS), specializing in data security and artificial intelligence, is being acquired by American cyber firm Proofpoint for $6.3 billion in an all-cash deal. Proofpoint, a portfolio company of Thomas Bravo Fund, focuses on user and AI agent security.
Founded in 2004, »Veronis« developed a cloud-based platform for enterprise data security. This platform continuously identifies and classifies critical data, reduces exposure, and detects threats using AI-driven automation. The company employs approximately 2,800 people globally, with about 1,000 based in Israel, where its development center is located.
Under the terms of the agreement, »Veronis« shareholders will receive $49.75 in cash per share. This purchase price represents a 52% premium over the closing share price on June 22, the last full trading day before initial sale rumors, and a 17% premium over the closing price on September 1, before further media reports of a potential sale.
The transaction values »Veronis« at approximately 53 times its free cash flow and 8.4 times its revenue for the last twelve months ending in June.
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Centre 2Right 1Other 1
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
