Proofpoint to Buy Varonis for $6.3B — SkimNews
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- Proofpoint, a cybersecurity company owned by private equity firm Thoma Bravo, plans to acquire data security firm Varonis Systems (VRNS.O)
- The transaction is structured as an all-cash deal valued at approximately $6.3 billion
Why it matters: The roughly $6.3 billion all-cash acquisition adds data security firm Varonis to Thoma Bravo's existing cybersecurity portfolio via Proofpoint, marking another large-scale consolidation in the cybersecurity space backed by the private equity firm.
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