Thoma Bravo's Proofpoint to buy Varonis Systems in $6.3 billion all-cash deal

Thoma Bravo-owned cybersecurity firm Proofpoint announced on Thursday that it plans to acquire data security company Varonis Systems in a $6.3 billion all-cash deal. The acquisition price represents a 52 percent premium over Varonis' closing stock price on June 22, 2022. Under the agreement, Varonis shareholders will receive $49.75 per share in cash.

Reuters reported in September that Proofpoint had been in talks to acquire Varonis Systems. Varonis, based in Miami, provides cybersecurity services such as data classification for cloud storage systems and tracking employee behavior. Its shares rose by approximately 2 percent in extended trading following the announcement. In 2021, Thoma Bravo acquired Proofpoint, a software company that helps businesses protect against cyberattacks, for around $12.3 billion.