Proofpoint to Acquire Israeli Cybersecurity Firm Varonis for $6.3 Billion
Translated & summarized from i24NEWS French by baba
American company Proofpoint will acquire Israeli cybersecurity firm Varonis Systems for approximately $6.3 billion in an all-cash deal. The acquisition, expected to finalize by mid-2027, offers Varonis shareholders a 52% premium on their shares. Varonis, founded by Israelis, employs nearly 1,000 people in Israel and specializes in data protection solutions. This acquisition is part of a larger trend of significant buyouts in the Israeli technology sector.
The story in 6 lines · by baba
- Proofpoint will acquire Israeli cybersecurity firm Varonis for approximately $6.3 billion.
- The all-cash deal offers Varonis shareholders a 52% premium over the June 22 closing price.
- The transaction is expected to be completed in the first half of 2027.
- Varonis, founded by Israelis, employs nearly 1,000 people in Israel.
- The acquisition highlights increased investment in cybersecurity due to rising cyberattacks and AI risks.
- This follows other major acquisitions of Israeli tech companies like CyberArk and Wiz.
Cybersecurity firm Varonis Systems, founded by Israelis, is set to be acquired by American company Proofpoint for approximately $6.3 billion, the companies announced Thursday. The all-cash deal will see Varonis shareholders receive $49.75 per share, a 52% premium over the stock's closing price on June 22, before speculation about a sale began. The transaction is expected to close in the first half of 2027, pending customary conditions.
Varonis, established in 2004, specializes in solutions for protecting sensitive corporate data, including data stored in the cloud. Its technologies are designed to detect suspicious behavior and mitigate information leakage risks. The company employs around 2,800 people globally, with nearly 1,000 based in Israel, according to Israeli channel N12.
The acquisition occurs as companies increase their cybersecurity investments amid a rise in cyberattacks and new risks associated with artificial intelligence. "Our mission is to secure AI and the data that fuels it. By joining forces with Proofpoint, we can achieve this mission faster," stated Yaki Faitelson, Varonis's co-founder and CEO.
This deal follows a trend of major acquisitions in the Israeli tech sector. In February, Palo Alto Networks completed its acquisition of CyberArk for $25 billion, and Google acquired Wiz for $32 billion in 2025.
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