Israeli Cyber Firm Varonis Sold for $6.3 Billion to Proofpoint
Translated & summarized from Kan News by baba
American company Proofpoint has acquired Israeli cybersecurity firm Varonis for $6.3 billion. The deal, announced Thursday, aims to create a leading global cybersecurity company focused on data and AI. Varonis CEO Yaki Fitelzon highlighted the acquisition as a significant milestone for the company and its mission to protect AI and its data. The combined entity will serve over 16,000 enterprises worldwide.
The story in 5 lines · by baba
- Proofpoint acquired Israeli cybersecurity company Varonis for $6.3 billion.
- The deal was announced on Thursday by both companies.
- The combined company will focus on data and artificial intelligence security.
- Varonis CEO Yaki Fitelzon called the acquisition an exciting new chapter.
- Varonis provides automated security and control over critical enterprise data.
Israeli cybersecurity company Varonis has been acquired by American firm Proofpoint for $6.3 billion, the companies announced Thursday. The combined entity is expected to serve over 16,000 enterprises and millions of organizations globally, positioning itself as a leading cybersecurity company focused on data and artificial intelligence.
Yaki Fitelzon, Varonis's CEO, co-founder, and chairman, stated that the acquisition marks an exciting new chapter and is a testament to the team's two decades of work. He emphasized that the company's mission is to protect AI and the data that powers it, a goal that will be accelerated through the merger with Proofpoint.
Varonis offers a platform that provides organizations with automated security and control over their most critical data. It helps thousands of organizations worldwide ensure secure and reliable AI by reducing data exposure and mitigating AI-based threats.
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