Proofpoint to Buy Varonis for $6.3B in All-Cash Deal — SkimNews
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- Proofpoint will acquire Varonis Systems (VRNS.O) in an all-cash deal valued at about $6.3 billion, per the announcement reported by Reuters
- Thoma Bravo, the private equity firm that owns Proofpoint, is backing the acquisition as the consolidating parent in the transaction
Why it matters: The roughly $6.3 billion all-cash deal takes Varonis Systems private and folds its data security capabilities into Thoma Bravo's existing cybersecurity portfolio through Proofpoint, with Varonis shareholders receiving cash for their shares at the stated valuation.
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