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Proofpoint Acquires Israeli Cybersecurity Firm Varonis Systems for $6.3 Billion
Proofpoint, owned by Thoma Bravo, will acquire Israeli cybersecurity firm Varonis Systems for approximately $6.3 billion in a cash deal expected to close in the first half of 2027. The acquisition offers Varonis shareholders a 52% premium on their shares and reflects a global rise in cybersecurity investments.
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What happened
- 01Proofpoint will acquire Israeli cybersecurity firm Varonis Systems for $6.3 billion.
- 02The deal offers Varonis shareholders a 52% premium over the stock's June 22 closing price.
- 03The acquisition is expected to be finalized in the first half of 2027.
- 04Varonis Systems has its research and development center in Herzliya, Israel.
- 05Proofpoint was previously acquired by Thoma Bravo in 2021 for $12.3 billion.
Varonis, co-founded by Yaki Faitelson, has its R&D center in Herzliya and specializes in data security. The deal follows months of reports and speculation about Varonis exploring a sale.
The Jerusalem Post publishes in English. The key points are summarized above. Read The Jerusalem Post’s full report from the link below.
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