Proofpoint Acquires Varonis Systems in $6.3 Billion Cash Deal
- Reports
- 7
- Developments
- 2
- Repetition
- 71%
New informationRepeats or wire copies
What happened
Proofpoint completed the acquisition of Varonis Systems in an all-cash transaction valued at approximately $6.3 billion. Under the agreement, Varonis shareholders received $49.75 in cash per share, taking the publicly traded company private. The combined business is intended to serve more than 16,000 large organizations worldwide.
From theyeshivaworld.com, marketbusinessnews.com, manilatimes.net
Why it matters
The acquisition combines Varonis’ capabilities in identifying sensitive information and managing access permissions with Proofpoint’s communications security offerings. This move aims to create a unified platform that protects against threats accelerated by artificial intelligence.
From theyeshivaworld.com, marketbusinessnews.com, manilatimes.net
Who's involved
- Varonis SystemsThe company acquired, specializing in protecting corporate data and tracking sensitive information.
- TD CowenThe American investment bank is not mentioned in the acquisition details.
- Trend MicroA Japanese information security company that may face increased competition from the combined entity.
- Thoma BravoThe American private equity firm that controls Proofpoint.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Proofpoint acquisition strengthens Thoma Bravo's cybersecurity portfolioProofpoint's acquisition of Varonis may strengthen Thoma Bravo's investment in the cybersecurity sector.Likely
- New Proofpoint-Varonis platform may challenge Trend Micro's market positionNew Proofpoint-Varonis platform may challenge Trend Micro's market positionPossible
How it developed
Newest first. Tap a step to see who reported it.Proofpoint announced its agreement to acquire Varonis Systems.1 source
Proofpoint completes acquisition of Varonis Systems.1 source