Israeli-founded cybersecurity firm Varonis to be acquired by Proofpoint for $6.3 billion
Proofpoint agrees to acquire Israeli-founded cybersecurity company Varonis for $6.3 billion in cash, combining their data protection and AI security capabilities
Assessment
Proofpoint is paying $6.3 billion in cash for Varonis, a major bet on data protection and AI security. The deal underscores the high value placed on Israeli cybersecurity startups. Watch how Proofpoint integrates Varonis' technology and whether this triggers more consolidation in the sector.