US Firm Proofpoint Buys Israeli Cybersecurity Company Varonis for $6.3 Billion
Translated & summarized from Mignews by baba
American cybersecurity company Proofpoint has agreed to acquire Israeli-founded Varonis Systems for approximately $6.3 billion. The deal, expected to finalize in the first half of 2027, requires shareholder and regulatory approval. Varonis, founded in 2005, specializes in data security and threat detection, while Proofpoint focuses on corporate communication security. This acquisition aims to combine their respective strengths in the cybersecurity market.
The story in 6 lines · by baba
- Proofpoint will acquire Varonis Systems for approximately $6.3 billion.
- The acquisition is expected to be completed in the first half of 2027.
- Varonis was founded in Israel in 2005 by Yaki Fitelzon and Ohad Corcus.
- Varonis specializes in protecting data within organizations, especially unstructured data.
- Proofpoint, founded in 2002, focuses on corporate communication security and data loss prevention.
- The deal requires approval from Varonis shareholders and regulatory bodies.
American cybersecurity firm Proofpoint has announced its acquisition of Israeli-founded Varonis Systems for approximately $6.3 billion. This deal marks one of the largest in the Israeli cybersecurity industry. The transaction, expected to close in the first half of 2027, will see Varonis shareholders receive $49.75 per share. The acquisition requires approval from Varonis shareholders and regulatory bodies.
Varonis, established in 2005 by Yaki Fitelzon and Ohad Corcus, who previously worked at NetVision and NetApp, specializes in protecting data within organizations. Its technologies focus on identifying sensitive information, managing access rights, detecting potential leaks, and monitoring user activity, particularly for unstructured data across various digital systems and cloud platforms like Amazon, Microsoft Azure, Google Cloud, and Salesforce. The company introduced Varonis Atlas in 2026 for monitoring AI tool usage.
Proofpoint, founded in 2002 by Eric Hahn, is a pioneer in cloud-based email security and focuses on corporate communication security, user protection, and data loss prevention. Proofpoint was taken private in 2021 by investment fund Thoma Bravo for $12.3 billion. Under Thoma Bravo's ownership, Proofpoint has seen significant revenue growth, exceeding $2 billion in annual recurring revenue by mid-2024 and reaching $2.45 billion in 2025.
The acquisition aims to integrate Proofpoint's communication security solutions with Varonis's data access control and threat detection technologies. Varonis, which has over 2,400 employees and serves organizations in 95 countries, has a significant technology development center in Herzliya, Israel, despite its headquarters being in Miami. The company transitioned to a subscription model in 2019 and has made strategic acquisitions, including Cyral and SlashNext.
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