Proofpoint to Acquire Varonis in a $6.3 Billion Transaction
Varonis agreed to be acquired by Proofpoint, a Thoma Bravo portfolio company, in an all-cash transaction valued at approximately $6.3 billion, with shareholders receiving $49.75 per share. The price represents a 52% premium to the pre-rumor close of $32.71 and 17% over the $42.35 close on September 1, valuing Varonis at roughly 8.4x LTM revenue and 53x LTM free cash flow.
Key figures
- Deal Value Usd
- 6300000000
- Expected close
- first half of 2027
- Price per share
- 49.75
- Ev to ltm revenue
- 8.4x
- Premium vs pre rumor
- 52%
- Market cap to ltm fcf
- 53x
- Premium vs sept 1 close
- 17%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.