Proofpoint to Acquire Israeli-Founded Varonis for $6.3 Billion
Summarized from Israel National News by baba
Proofpoint will acquire Israeli-founded cybersecurity firm Varonis for $6.3 billion in an all-cash deal expected to close in the first half of 2027. The acquisition combines Varonis' data protection and AI security expertise with Proofpoint's capabilities to create a leading platform for enterprise information and AI systems. Varonis employs approximately 2,800 people, with about 1,000 in Israel, where it has a major R&D center. The merged company aims to serve over 16,000 enterprises globally.
The story in 5 lines · by baba
- Proofpoint will acquire Israeli-founded Varonis for $6.3 billion in an all-cash deal.
- The acquisition aims to combine data protection and AI security capabilities.
- Varonis employs approximately 2,800 people, including 1,000 in Israel.
- The deal is expected to close in the first half of 2027.
- The combined entity will serve over 16,000 enterprises worldwide.
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