Proofpoint CEO Suggests Public Markets Re-Entry After Varonis Deal
Dow Jones10-17 00:50
1249 ET - Proofpoint CEO Sumit Dhawan suggests the company will consider re-entering public markets following its roughly $6.3 billion acquisition of Varonis Systems. "We think that the combined company is going to be attractive to public investors, and as we close this transaction, we're going to assess it," Dhawan says on CNBC, adding that his current focus is closing the deal. Proofpoint itself was taken private by private-equity firm Thoma Bravo in 2021.
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