Israeli cybersecurity company Veronis sold for $6.3 billion to Proofpoint

The Israeli cybersecurity company Veronis is being sold for $6.3 billion in cash to the American company Proofpoint. Shareholders will receive $49.75 per share, a 52% premium over the June closing price. The deal is expected to close in the first half of 2027.

The Israeli cybersecurity company Veronis (Veronis) is being sold for $6.3 billion in cash to the American cybersecurity company Proofpoint. The deal reflects a 52% premium over Veronis's closing stock price on June 22, which stood at $32.71, and a 17% premium over the closing price on September 1, which stood at $42.35. Veronis shareholders will receive $49.75 in cash for each share. The deal reflects a multiple of approximately 53 on free cash flow and a multiple of approximately 8.4 on revenues over the last 12 months. Veronis, founded in 2004, developed a cloud-based data security platform and employs about 2,800 workers, of whom about 1,000 are in Israel. The deal is expected to close in the first half of 2027, subject to approvals. Veronis CEO Yaki Faitelson said the deal enables immediate and significant value realization. Proofpoint CEO Sumit Dhawan noted that the combination of the fields will provide customers with a broader intelligence picture.