Proofpoint to Acquire Israeli Cybersecurity Firm Varonis for $6.3 Billion
Summarized from The Times of Israel by baba
Proofpoint has agreed to acquire Varonis Systems, an Israeli cybersecurity firm, for approximately $6.3 billion in an all-cash deal. The acquisition, expected to close by the first half of 2027, offers Varonis shareholders a 52% premium on their shares. Varonis, which has about 1,000 employees in Israel, provides data security services including cloud data classification and employee behavior tracking. This deal follows other major acquisitions of Israeli cybersecurity companies, highlighting the sector's growth and challenges.
The story in 5 lines · by baba
- Proofpoint will acquire Varonis Systems for $6.3 billion in an all-cash deal.
- Varonis shareholders will receive $49.75 per share, a 52% premium, with the deal closing by mid-2027.
- Varonis has approximately 1,000 employees in Israel and was founded in 2004.
- The acquisition comes amid increased business spending on cybersecurity and the rise of AI in cybercrime.
- This is the second major acquisition of an Israeli cybersecurity firm recently, following CyberArk's $25 billion sale.
The Times of Israel publishes in English. The key points are summarized above. Read The Times of Israel’s full report from the link at the top of the page.
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