Proofpoint Set to Acquire Varonis for $6.3 Billion

WHO:

IJR - Proofpoint, a cybersecurity company owned by Thoma Bravo, is acquiring Varonis Systems, a data security firm.

WHAT:

IJR - Proofpoint agreed to acquire Varonis Systems in an all-cash deal valued at approximately $6.3 billion.

Techmeme - The acquisition offer includes $49.75 per share for Varonis shareholders.

IJR - The boards of both companies approved the merger.

Techmeme - Varonis shares rose following the announcement of the acquisition.

HOW:

IJR - The acquisition is structured as an all-cash deal.

(UPDATED October 16, 2026 04:01 UTC)

Proofpoint is set to acquire Varonis Systems in an all-cash deal valued at approximately $6.3 billion, with an offer of $49.75 per share for Varonis shareholders. Both companies' boards have approved the merger, and following the announcement, Varonis shares experienced a rise. This acquisition marks a significant move in the cybersecurity landscape, as Proofpoint expands its portfolio.