Proofpoint to Acquire Israeli-Founded Varonis for $6.3 Billion
Summarized from Ynetnews by baba
Cybersecurity firm Proofpoint will acquire Israeli-founded Varonis Systems for approximately $6.3 billion in an all-cash deal. The acquisition, expected to close by mid-2027, highlights a major exit for Israel's tech industry amid rising AI-driven cyber threats. Varonis shareholders will receive a 52% premium on their shares. The combined company aims to bolster data security and employee protection for over 16,000 enterprises globally.
The story in 6 lines · by baba
- Proofpoint will acquire Israeli-founded Varonis Systems for approximately $6.3 billion.
- The deal offers Varonis shareholders a 52% premium on their shares.
- The acquisition is expected to be completed in the first half of 2027.
- Varonis was co-founded by Yaki Faitelson and Ohad Korkus.
- Proofpoint was acquired by Thoma Bravo in 2021 for $12.3 billion.
- The combined entity will serve over 16,000 enterprises worldwide.
Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report from the link at the top of the page.
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