Thoma Bravo's Proofpoint to buy Varonis Systems in $6.3 billion all-cash deal
VRNS•Proofpoint will acquire Varonis Systems in an all-cash deal valued at about $6.3 billion, with shareholders receiving $49.75 per share, a 52% premium to the June 22 closing price. The companies expect the deal to close in the first half of 2027.
1. Deal terms
Proofpoint, the cybersecurity company owned by Thoma Bravo, will buy Varonis Systems in an all-cash deal valued at about $6.3 billion. Varonis shareholders will receive $49.75 per share, a 52% premium to the closing share price on June 22, the day before speculation about a possible sale first emerged. The offer values Varonis' equity at $5.71 billion.
2. Closing timeline
The companies expect the deal to close in the first half of 2027. Varonis shares rose about 2.7% in extended trading.
3. Company details
Varonis provides digital security services, including data classification on cloud storage systems and employee behavior tracking. CEO and co-founder Yaki Faitelson said the combination would help the company pursue its mission of securing AI and the data that powers it.
