Proofpoint, a cybersecurity company owned by private equity firm Thoma Bravo, is in discussions to acquire Varonis, reported Reuters, citing a source familiar with the matter.
Shares in the Nasdaq-listed Varonis, which has a current market capitalisation of approximately $5bn, closed more than 10% higher following the news.
The company, based in Miami, provides cybersecurity services such as data classification for cloud storage systems and employee behaviour tracking. It has a workforce of over 2,400 people across 14 offices worldwide.
In June, reports that Varonis was considering a sale after receiving private equity interest drove its shares up by roughly 30%.
A potential deal between Proofpoint and Varonis would bring together two companies operating in data security.
#proofpoint #company
Shares in the Nasdaq-listed Varonis, which has a current market capitalisation of approximately $5bn, closed more than 10% higher following the news.
The company, based in Miami, provides cybersecurity services such as data classification for cloud storage systems and employee behaviour tracking. It has a workforce of over 2,400 people across 14 offices worldwide.
In June, reports that Varonis was considering a sale after receiving private equity interest drove its shares up by roughly 30%.
A potential deal between Proofpoint and Varonis would bring together two companies operating in data security.
#proofpoint #company
2 months ago
