Thoma Bravo-backed Proofpoint to acquire Varonis in $6.3bn deal
Thoma Bravo-owned cybersecurity company Proofpoint has agreed to acquire data security firm Varonis Systems in an all-cash transaction valued at approximately $6.3bn, according to a report by Reuters.
Thoma Bravo-owned cybersecurity firm Proofpoint is set to acquire data security company Varonis Systems in a $6.3 billion all-cash deal, according to a Reuters report. Varonis shareholders will receive $49.75 per share, marking a 52% premium over the company's closing share price on June 22, prior to any potential sale speculation.
The offer values Varonis' equity at $5.71 billion. The acquisition follows a trend of increased corporate spending on cybersecurity as businesses aim to safeguard sensitive data from cyberattacks and emerging AI-related threats. Varonis, based in Miami, offers data security services like cloud data classification and employee behavior monitoring.
Proofpoint, which develops software to protect businesses against cyberattacks, provides a complementary service. Thoma Bravo acquired Proofpoint in 2021 in a $12.3 billion private takeover. The deal is expected to close in the first half of 2027, with Goldman Sachs advising Varonis and BofA Securities, Morgan Stanley, JPMorgan, UBS, and Mizuho Securities acting as Proofpoint's advisers.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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