Proofpoint Inks $6.3 Billion All-Cash Deal to Acquire Varonis
The Thoma Bravo-owned Proofpoint will acquire Varonis in an all-cash transaction and Varonis will become a private company.
via SecurityWeekReported by 2 outlets
Proofpoint buys data security provider Varonis in an all-cash takeover
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Cybersecurity firm Proofpoint has reached an agreement to acquire data security specialist Varonis Systems in an all-cash transaction valued at roughly $6.3 billion. Following the completion of the buyout, Varonis will be taken off the public market and operate as a private company under Proofpoint, which is owned by private equity firm Thoma Bravo. [1][2]
The takeover brings an end to months of industry speculation regarding the future of Varonis. Potential interest from private equity suitors had been brewing since at least June, when Bloomberg reported that Varonis was attracting preliminary buyout attention from several major investment firms, including Blackstone, Vista, and Thoma Bravo itself. [2]
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Proofpoint agrees to buy data security company Varonis for $6.3B in cash
Months of speculation over the future of data security company Varonis Systems Inc. ended today when Thoma Bravo-owned cybersecurity firm Proofpoint Inc. agreed to buy it for about $6.3 billion in cash. Bloomberg first reported in June that Varonis was fielding early interest from private equity firms, among them Blackstone Inc., Thoma Bravo and Vista…
via SiliconANGLE