Varonis Systems (VRNS) agreed to be acquired by Thoma Bravo portfolio company Proofpoint in an all-cash deal valued at about $6.3 billion, the companies said Thursday.
Varonis shareholders will receive $49.75 per share in cash, according to a statement. The transaction is expected to close in the first half of 2027.
Thoma Bravo is providing committed equity financing and has secured debt financing commitments to fund the deal, while Ontario Teachers' Pension Plan will also invest in Proofpoint, according to the statement.
Upon completion of the deal, Varonis' common stock will cease trading on the Nasdaq, the companies said.
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