Thoma Bravo-backed Proofpoint in talks to acquire Varonis
Summary
Proofpoint is reportedly in talks to acquire Varonis Systems in a potential cybersecurity deal. Varonis shares rose sharply after the news, and the company had already been exploring strategic alternatives after prior investor interest. Both companies sell software that helps organizations protect sensitive data, so the combination could broaden their security offerings. The deal would bring together complementary data security capabilities under Thoma Bravo’s ownership.
AskAI Classifications
Sectors
No sectors detected
Functions
Security
General Security Software
Linked Companies
Proofpoint
$1M to $5M
Varonis
$250M to $500M