Proofpoint to Acquire Varonis for $6.3 Billion

• Proofpoint, a Thoma Bravo portfolio company, will acquire Varonis for approximately $6.3 billion in cash, paying $49.75 per share.
• The price represents premiums of 52% to the June 22, 2026, close and 17% to the September 1, 2026, close.
• Closing is expected in the first half of 2027, subject to shareholder approval and customary conditions; the target will become private.
• Thoma Bravo is providing committed equity financing and has secured debt commitments; Ontario Teachers' Pension Plan will also invest in Proofpoint.
• The combined business will serve more than 16,000 enterprises, with plans for a unified platform protecting sensitive data against AI-related risks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Varonis Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-109901), on October 15, 2026, and is solely responsible for the information contained therein.