Proofpoint to Acquire Israeli Cybersecurity Firm Varonis for $6.3 Billion
Translated & summarized from Vesty by baba
Proofpoint, owned by Thoma Bravo, will acquire Israeli cybersecurity company Varonis Systems for $6.3 billion in cash. The deal, announced October 16, is expected to finalize in the first half of 2027 after regulatory approvals. Varonis, co-founded by Yaki Fitelzon and Ohad Korkus, has a significant development center in Herzliya, Israel, employing about 1,000 of its 2,800 global staff. This acquisition is considered a major exit for the Israeli tech sector.
The story in 6 lines · by baba
- Proofpoint will acquire Israeli cybersecurity firm Varonis Systems for $6.3 billion.
- The deal is expected to be completed in the first half of 2027.
- Varonis has a significant development center in Herzliya, Israel, with about 1,000 employees.
- Varonis was founded in 2005 by Yaki Fitelzon and Ohad Korkus.
- Proofpoint is owned by the investment fund Thoma Bravo.
- The acquisition is noted as a major exit for the Israeli tech industry.
Cybersecurity firm Varonis Systems, which has a development center in Herzliya, Israel, and headquarters in Miami, is being acquired by Proofpoint, a company owned by investment fund Thoma Bravo. The deal, announced on October 16, is valued at $6.3 billion in cash, with the equity valuation set at $5.71 billion. Regulatory approvals are pending, and the transaction is expected to close in the first half of 2027.
Varonis, founded in 2005 by Yaki Fitelzon and Ohad Korkus, specializes in information security, developing a cloud platform that uses AI to protect corporate data by identifying, classifying, and reducing vulnerabilities across various environments like Amazon, Azure, Google Cloud, and Salesforce. The company recently launched Varonis Atlas for monitoring AI tools. Varonis employs approximately 2,800 people globally, with about 1,000 based in Israel. It went public on Nasdaq in February 2014 and serves clients in 95 countries across sectors including finance, healthcare, and technology.
In recent years, Varonis has made strategic acquisitions, including Cyral for database activity monitoring and SlashNext for AI-powered phishing and email protection. It has also expanded its collaboration with Microsoft on Copilot security. Proofpoint, a major private cybersecurity company headquartered in Sunnyvale, California, was founded in 2002 by Eric Hahn. It was acquired by Thoma Bravo in August 2021 for approximately $12.3 billion.
This acquisition marks a significant exit for Varonis. The article notes that the largest exit in Israeli high-tech history was Google's acquisition of Wiz for $32 billion, announced in March 2025.
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