Proofpoint Agrees to Acquire Varonis in $6.3 Billion Cash Deal
Photo: TokenPost
Proofpoint agreed Thursday to buy Varonis Systems in a cash-only transaction valued at roughly $6.3 billion, offering $49.75 a share and planning to take the Nasdaq-listed company private. The offer is 52% above Varonis’ $32.71 closing price on June 22 and 17% above its $42.35 close on Sept. 1. Varonis’ board approved the merger unanimously. The planned combination would pair Proofpoint’s cybersecurity capabilities with Varonis’ data and AI security tools. The platform is intended to help customers locate and protect sensitive information, manage access by people and AI, and reduce data loss.
Source: TokenPost
