Proofpoint to acquire Israeli firm Varonis for $6.3 billion
Cybersecurity company Proofpoint agreed to buy Varonis Systems in a deal valued at $6.3 billion. Varonis had struggled to keep pace with cloud software and AI.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Cybersecurity company Proofpoint will acquire Varonis Systems, an Israeli-founded information security firm, in a deal valued at $6.3 billion. The sale follows years in which Varonis struggled to keep pace with the shift to cloud software and the rise of AI.
Coverage
- Huge exit: The Israeli company sold for $6.3b. (Jerusalem Post)
- Varonis’ $6.3 billion sale shows the risks of growing old in cybersecurity (calcalistech.com)
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