Proofpoint CEO: Varonis Deal is Play for Data Security Market
Dow Jones10-17 00:45
1245 ET - Proofpoint's roughly $6.3 billion acquisition of cybersecurity firm Varonis Systems is a play to dominate the market for data security services, Proofpoint CEO Sumit Dhawan says on CNBC. "Data has become the next frontier of protection for cybersecurity," Dhawan says, adding that enterprises need data security in order to deploy AI safely. "Proofpoint and Varonis together become the largest cybersecurity player solving data security," he says. "None of the other providers were designed and built for protecting data, and Proofpoint and Varonis is." Varonis shares trade up 2.9% at $48.69
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