Proofpoint to Acquire Israeli Cyber Firm Varonis Systems for $6.3 Billion
Translated & summarized from Ynet by baba
Proofpoint, owned by Thoma Bravo, will acquire Israeli cybersecurity company Varonis Systems for about $6.3 billion in cash. Varonis shareholders will receive $49.75 per share, valuing the company's equity at $5.71 billion. The deal is expected to close in the first half of 2027, with Varonis stock rising after the announcement.
The story in 5 lines · by baba
- Proofpoint will acquire Varonis Systems for approximately $6.3 billion in cash.
- Varonis shareholders will receive $49.75 per share in the all-cash transaction.
- The deal values Varonis's equity at $5.71 billion.
- Varonis stock rose about 2.7% in late trading following the acquisition news.
- The transaction is expected to be completed in the first half of 2027.
Cybersecurity firm Proofpoint, owned by investment fund Thoma Bravo, has announced it will acquire Israeli information security company Varonis Systems for approximately $6.3 billion in cash. The deal, revealed by the companies, will see Varonis shareholders receive $49.75 in cash per share. This offer values Varonis's equity at $5.71 billion. Varonis's stock saw an increase of about 2.7% in late trading on Wall Street following the announcement. The acquisition is anticipated to be finalized in the first half of 2027.
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