Proofpoint to buy Varonis in $6.3 billion all-cash deal
Proofpoint, a Thoma Bravo portfolio company, will acquire Varonis in an all-cash transaction valued at about $6.3 billion, with Varonis shareholders receiving $49.75 per share. The companies expect the deal to close in the first half of 2027, subject to shareholder and regulatory approvals. Proofpoint CEO Sumit Dhawan says AI agents are increasingly accessing sensitive information.
NoteFor banks deploying AI agents, the open question is who and what can reach sensitive data, and this deal is a bet that one vendor should answer it.
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