Proofpoint CEO Says Varonis Deal Targets Data Security Market
Proofpoint CEO Sumit Dhawan described the roughly $6.3 billion acquisition of Varonis Systems as a play to dominate data security services.
Story updates
04:50:10 PM UTC
SquawkNews
Proofpoint CEO Sumit Dhawan suggests the company will consider re-entering public markets following its roughly $6.3 billion acquisition of Varonis Systems. "We think that the combined company is going to be attractive to public investors, and as we close this transaction, we're going to assess it…
Proofpoint CEO Sumit Dhawan told CNBC that the company’s roughly $6.3 billion acquisition of cybersecurity firm Varonis Systems is aimed at securing a leading position in data security services. “Data has become the next frontier of protection for cybersecurity,” Dhawan said, adding that enterprises need d…