Search results for Thoma Bravo
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.
AI & Enterprise
Security industry M&A accelerates amid AI spread as Palo Alto, Proofpoint step up acquisitions
Security industry consolidation is accelerating as the market reshapes around AI, with companies pursuing mergers and acquisitions. The Wall Street Journal reported that Proofpoint, owned by private equity firm Thoma Bravo, is in late-stage talks to buy cybersecurity firm Varonis Systems. Separately, Palo Alto Networks bought AI agent startup Console for $500 million in cash and stock and plans to integrate the technology into its Cortex security platform.
AI & Enterprise
B2B SaaS market sees headless emerge as major variable after SaaS apocalypse fears ease
Recent selling driven by fears that AI could weaken or eliminate enterprise software, dubbed the “SaaS apocalypse,” appears to be easing. Shares of major software-as-a-service companies have risen, with Salesforce jumping after earnings. The Financial Times reported that Wall Street is stepping back from worst-case scenarios, though generic software remains vulnerable. Headless software is emerging as a key factor, potentially changing business models and how users derive value from software.
