Thoma Bravo's Proofpoint to buy Varonis Systems in $6.3 billion all-cash deal
Proofpoint, a cybersecurity company backed by Thoma Bravo, will acquire Israeli-founded data security firm Varonis Systems in an all-cash transaction valued at approximately $6.3 billion. Under the purchase agreement, Varonis shareholders will receive $49.75 per share in cash. This offer marks a 52 percent premium compared to the company closing share price on June 22. The transaction aims to combine email, data, and artificial intelligence security into a single comprehensive enterprise protection platform.
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- ✓ Proofpoint will buy Varonis Systems in an all-cash deal valued at about $6.3 billion.
- ✓ Varonis shareholders will receive $49.75 per share in cash.
- ✓ The per-share offer represents a 52 percent premium to the company closing share price on June 22.
- ✓ Proofpoint tapped JPMorgan and UBS on a debt deal for the acquisition.
What changed
Thoma Bravo-owned Proofpoint announced a definitive agreement to acquire Varonis Systems for $6.3 billion in cash.
Live updates
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Proofpoint to Buy Varonis Systems in $6.3B Deal
Proofpoint, a cybersecurity company backed by Thoma Bravo, will acquire Israeli-founded data security firm Varonis Systems in an all-cash transaction valued at approximately $6.3 billion. Under the purchase agreement, Varonis shareholders will receive $49.75 per share in cash. This offer marks a 52 percent premium compared to the company closing share price on June 22. The transaction aims to combine email, data, and artificial intelligence security into a single comprehensive enterprise protection platform.
Why it matters
The acquisition unites two major players in enterprise defense to address rising threats accelerated by artificial intelligence. To finance the purchase, Proofpoint tapped JPMorgan and UBS to arrange a debt deal. Varonis stock climbed following the announcement of the acquisition agreement.
What is confirmed
- Proofpoint will buy Varonis Systems in an all-cash deal valued at about $6.3 billion.
- Varonis shareholders will receive $49.75 per share in cash.
- The per-share offer represents a 52 percent premium to the company closing share price on June 22.
- Proofpoint tapped JPMorgan and UBS on a debt deal for the acquisition.
Still unconfirmed
- Piper Sandler reaffirmed a neutral rating for Varonis Systems following the merger news.
What to watch next
- Regulatory approvals and closing conditions for the $6.3 billion acquisition
- Finalization of the debt financing arrangements led by JPMorgan and UBS
confidence 100%Sources used for this update (19)
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
- www.investing.com — Investing.com - Stock Market Quotes & Financial News
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- www.channelnewsasia.com — NATO general sets out tough military response to any 'foolish' Russian attack - CNA
- www.digitaltoday.co.kr — U.S. to overhaul car headlight rules to reflect new anti-glare technology
- Reuters — Thoma Bravo's Proofpoint to buy Varonis Systems in $6.3 billion all-cash deal
- Proofpoint — Proofpoint to Acquire Varonis in a $6.3 Billion Transaction
- WSJ — Proofpoint to Acquire Varonis in $6.3 Billion Cybersecurity Deal
- The Times of Israel — Israeli cybersecurity firm Varonis Systems to be bought by Proofpoint in $6.3 billion deal
- CTech — Why Proofpoint is paying $6.3 billion for Israeli-founded Varonis
- Bloomberg.com — Thoma Bravo’s Proofpoint Taps JPMorgan, UBS on Varonis Debt Deal
- Yahoo Finance — Varonis stock climbs on $6.3 billion Proofpoint deal
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