Proofpoint to buy Varonis Systems for $6.3 billion in cash
+1 new source since this summary was written
Proofpoint, a Thoma Bravo‑backed portfolio company, signed a definitive agreement to purchase Varonis Systems for $6.3 billion, paying $49.75 per share. The offer represents a 52% premium to Varonis’ closing price on June 22 2026. The transaction is expected to close in the first half of 2027, after shareholder and regulatory approvals. Once completed, Varonis will be taken private and its Nasdaq shares will cease trading.
Why it matters
The cash payment will provide Varonis shareholders with a premium price and will remove the stock from public markets, affecting liquidity and valuation metrics. The deal also creates a combined entity serving more than 16,000 enterprises, which could generate synergies for investors in both companies.
Key facts
- 1Proofpoint agreed to acquire Varanis for approximately $6.3 billion in cash. investing.com
- 2Varonis shareholders will receive $49.75 per share. investing.com
- 3The purchase price is a 52% premium to Varanis’ closing price of $32.71 on June 22 2026. investing.com
- 4The transaction values Varanis at about 53 times its last twelve months free cash flow and 8.4 times its last twelve months revenue. investing.com
- 5Closing is planned for the first half of 2027 and depends on customary shareholder and regulatory approvals. investing.com
- 6After the deal, Varanis’ common stock will stop trading on Nasdaq. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.