Proofpoint Agrees to Buy Varonis for $6.3 Billion in Cash
The agreement values Varonis at about $6.3 billion, with shareholders set to receive $49.75 per share if the deal closes.
Key takeaways
- Varonis shareholders will receive $49.75 per share in cash under the agreement.
- The companies expect the deal to close in the first half of 2027.
Thoma Bravo-owned Proofpoint has agreed to buy Varonis Systems in an all-cash deal valued at about $6.3 billion, the companies said Thursday. Varonis shareholders will receive $49.75 per share.
The offer values Varonis’ equity at $5.71 billion and represents a 52% premium to its June 22 closing price, before speculation about a possible sale first emerged, the companies said.
The companies expect the deal to close in the first half of 2027. Varonis said it will report third-quarter results on November 3 but will not hold an earnings conference call.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
