India, Oct. 16 -- Data and AI security company Varonis Systems, Inc. (VRNS) announced its agreement to be acquired by Proofpoint, Inc., a privately held human and agent cybersecurity firm, in an all-cash transaction valued at around $6.3 billion.
Following the deal closure, Varonis will become a private company as its stock will cease trading on the Nasdaq.
Under the transaction, Proofpoint, a portfolio company of Thoma Bravo, will offer $49.75 per share in cash to Varonis shareholders.
The purchase price represents a premium of 52 percent to Varonis' closing stock price of $32.71 on June 22, the last full trading day prior to initial rumors about a potential sale of the company.
It also represents a premium of 17 percent over Varonis' ...