Oct 15 (Reuters) – Thoma Bravo-owned cybersecurity company Proofpoint will buy data security firm Varonis Systems in all-cash deal valued at about $6.3 billion, the companies said on Thursday.
Under the agreement, Varonis shareholders will receive $49.75 per share in cash, representing a premium of 52% over Varonis’ closing stock price on June 22, the day before initial speculation about a potential sale, according to the companies.
Reuters reported in September that Proofpoint was in discussions to acquire Varonis Systems.
Miami-based Varonis offers cybersecurity services, including data classification on cloud storage systems and employee behavior tracking. Its shares were up about 2% in extended trading.
Thoma Bravo in 2021 agreed to acquire Proofpoint, which sells software that helps companies guard against cyberattacks, valuing the firm at about $12.3 billion in the take-private deal.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Diti Pujara)
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