Economy
Varonis signs agreement for sale to Proofpoint for about $6.3 billion
Varonis signed an agreement to be acquired by Proofpoint for approximately $6.3 billion in cash. Shareholders would receive $49.75 per share. The deal has not closed: completion is expected in the first half of 2027, subject to shareholder and regulatory approvals. The companies will operate separately until then.
· Photo: Tomer Foltyn
Data security company Varonis signed an agreement for an all-cash acquisition by Proofpoint, controlled by Thoma Bravo. The transaction is expected to close in the first half of 2027, subject to approvals.
According to the companies, Varonis shareholders will receive $49.75 per share in cash. Its board approved the deal unanimously, but completion still requires shareholder and regulatory approvals. The companies will continue operating separately until closing.
After the acquisition closes, Varonis is expected to become privately held and its shares will cease trading on Nasdaq. The companies said they intend to combine their data and AI security capabilities in a shared platform protecting sensitive information and access to it.
Source: N12
