Recent Updates — VRNS

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.

Varonis Systems, Inc. reported second quarter 2026 financial results, announcing total revenues of $180.0 million, up from $152.2 million in the prior year period. SaaS revenues grew to $171.7 million, while SaaS ARR reached $726.0 million, representing a 52% year-over-year increase. The company raised its full-year 2026 outlook, now expecting SaaS ARR of $819.0 million to $850.0 million and revenues of $735.0 million to $739.0 million. Varonis operates in the data and AI security industry, providing automated visibility and control over critical data.