Mergers & Acquisitions ·
Proofpoint agrees to acquire Varonis for $49.75 per share in a $6.3 billion all-cash deal
VRNSVaronis Systems Inc
Varonis Systems has entered into a definitive merger agreement under which it will be acquired by Proofpoint, Inc., a portfolio company of Thoma Bravo, in an all-cash transaction valued at approximately $6.3 billion. Under the terms of the agreement, Varonis shareholders will receive $49.75 per share in cash. The transaction has been unanimously approved by the Varonis Board of Directors and is expected to close in the first half of 2027, subject to customary closing conditions including shareholder approval and regulatory clearances. Upon completion, Varonis' common stock will cease trading on the Nasdaq. Varonis provides data security and AI protection solutions for enterprises.