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AI & Enterprise

Proofpoint to buy data security firm Varonis for $6.3 billion

Cybersecurity company Proofpoint has agreed to acquire data security firm Varonis Systems for about $6.3 billion in cash, SiliconANGLE reported on Oct. 15. Proofpoint will buy Varonis shares for $49.75 each, a 52 percent premium to the stock price before takeover speculation surfaced. Bloomberg had reported private equity interest in Varonis in June and said Proofpoint emerged as a negotiating party in early September.

Finance

Samsung Securities family office tops 200 families, 55 trillion won in assets

Samsung Securities said on Tuesday its family office for ultra-high-net-worth clients had surpassed 200 families and 55 trillion won in client assets as of early September. The service targets clients with at least 100 billion won in financial assets and offers integrated management covering investment, tax and succession. The company said inflows of exit owners rose, and it is expanding investment management, committee advisory teams, OCIO mandates and heritage solutions, while linking investment banking services for corporate clients.

Industry

Nvidia Q2 net profit $59.7 billion, up 126 percent year on year

Nvidia posted fiscal 2027 second-quarter revenue of $96.2 billion and net profit of $59.7 billion, beating market expectations. Revenue rose 106 percent and net profit gained 126 percent from a year earlier, while gross margin increased to 75 percent. Data center revenue climbed to $89.0 billion, above a Bloomberg-compiled estimate. Nvidia forecast next-quarter revenue of $108.0 billion, plus or minus 2 percent, and said the outlook excludes China data center computing revenue.