Proofpoint lines up $6.3 billion deal for Varonis’ data security
Merged summary · from the lead articleSummaries by Vani AI
Proofpoint agreed to buy data-security firm Varonis for $6.3 billion in cash.
Proofpoint said it will acquire Varonis in an all-cash deal worth $6.3 billion. The companies said the combination would serve more than 16,000 enterprises and focus on data security, email and identity defense, and safer enterprise AI use. Proofpoint, founded in 2002, is known for email security, while Miami-based Varonis, founded in 2005, specializes in data visibility and protection.
Key facts
- All-cash deal is valued at $6.3 billion.
- Combined company would serve more than 16,000 enterprises.
- Platform aims to protect data and control human and AI access.
- Both vendors are established cybersecurity research publishers.
Coverage
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Proofpoint agreed to acquire data-security firm Varonis in a $6.3 billion cybersecurity deal.
Thoma Bravo's Proofpoint to buy Varonis Systems in $6.3 billion all-cash deal
Thoma Bravo's Proofpoint plans to buy Varonis Systems in a $6.3 billion all-cash deal.