Proofpoint lines up $6.3 billion deal for Varonis’ data security
Cybersecurity giant Proofpoint says it will acquire a similarly long-running company, Varonis, in an all-cash transaction worth $6.3 billion.
“The combined company will serve more than 16,000 enterprises and millions of organizations globally, creating one of the world’s leading pure-play cybersecurity companies and establishing the industry's largest data and AI cybersecurity organization,” Proofpoint said in announcing the deal on Thursday.
Miami-based Varonis, founded in 2005, focuses on data visibility and security. The footprint for California-headquartered Proofpoint, founded in 2002, traditionally includes email security and identity threat defense. It’s owned by private equity firm Thoma Bravo.
