Shea Levin — text status

U.S. cybersecurity company Proofpoint has agreed to acquire Israeli-founded cybersecurity firm Varonis Systems in a $6.3 billion all-cash deal, one of the largest acquisitions involving an Israeli-founded technology company, according to Reuters. Under the agreement, Varonis shareholders will receive $49.75 per share, a 52% premium over the company's share price before takeover speculation began in June. The acquisition, expected to close in the first half of 2027, will take Varonis private and strengthen Proofpoint's data protection and AI security capabilities.