The acquisition is expected to close in the first half of 2027. Proofpoint agreed to pay $49.75 per share in cash for Varonis, valuing the company at about $6.3 billion, Bloomberg reported.

Thoma Bravo is providing equity financing, while Ontario Teachers' Pension Plan has also agreed to invest in Proofpoint to support the deal, the report said.

Proofpoint and Varonis did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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