US Firm Proofpoint Acquires Israeli Cybersecurity Company Varonis for $6.3 Billion
Translated & summarized from Makan by baba
Israeli cybersecurity company Varonis has agreed to be acquired by U.S. firm Proofpoint for approximately $6.3 billion in cash. The deal aims to integrate their data security and cybersecurity solutions to serve over 16,000 major institutions globally. Varonis CEO Yaki Fetelson stated the acquisition will accelerate their mission to protect AI and data.
The story in 5 lines · by baba
- Israeli cybersecurity firm Varonis is being acquired by U.S. company Proofpoint for $6.3 billion.
- The acquisition aims to integrate data security and AI protection technologies.
- The combined company will serve over 16,000 major institutions worldwide.
- Varonis CEO Yaki Fetelson called the deal a "new and exciting chapter" for the company.
- The deal reflects growing investments in data protection and AI security.
Israeli cybersecurity firm Varonis announced on Thursday it has signed a binding agreement to be acquired by U.S.-based Proofpoint for approximately $6.3 billion in cash. The deal highlights the growing investment in data protection and the security of artificial intelligence technologies.
According to the companies' joint announcement, the acquisition will integrate Varonis's data security solutions with Proofpoint's cybersecurity offerings. This integration aims to enhance the combined company's capabilities and expand its services to organizations globally.
Proofpoint stated that the merged entity will serve over 16,000 major institutions and millions of other businesses worldwide, positioning it as a global leader in cybersecurity with a focus on data protection and AI. Yaki Fetelson, CEO, Co-founder, and Chairman of Varonis, described the deal as opening a "new and exciting chapter" for the company and its clients, reflecting two decades of work by the Varonis team. He added, "Our mission is to protect AI and the data it relies on. By joining forces with Proofpoint, we will be able to achieve this mission faster than ever before."
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