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Proofpoint Plans to Buy Varonis For $6.3 Billion to Combat AI Risks

Proofpoint plans to acquire Varonis Systems for $6.3 billion to create what it said will be the largest data and artificial intelligence (AI) cybersecurity organization and a leading pure-play cybersecurity company. Proofpoint, a portfolio company of Thoma Bravo, is a provider of human and agent cybersecurity, while Varonis offers data and AI security, Proofpoint said in a Thursday (Oct. 15)…

Proofpoint Plans to Buy Varonis For $6.3 Billion to Combat AI Risks

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