Varonis, the data security company founded by Israeli entrepreneurs Yaki Faitelson and Ohad Korkus, published third-quarter 2026 results last night, but unusually: with no outlook, no update to previous guidance and no investor conference call. According to the release filed with the SEC, the reason is the pending deal in which Proofpoint, owned by Thoma Bravo, will acquire Varonis.
It is common practice for companies being sold: once the share price is fixed, $49.75 in cash in Varonis's case, there is no point encouraging speculation around forecasts. Before the report, Varonis had guided third-quarter revenue to $185 million to $188 million and adjusted operating income to $2.5 million to $3.5 million. The full figures are in the release filed with the SEC.
The deal, announced in mid-October, values Varonis at about $6.3 billion and is the largest cybersecurity acquisition announced this year. Closing is expected in the first half of 2027, subject to shareholder and regulatory approval. Until then, the two companies continue to operate separately.
For Israeli tech, Varonis is an example of an Israeli company that grew over years into a large public company, and is now moving to private ownership. The move comes just as data security has become one of the hottest fields in cybersecurity, in an era when AI agents get access to huge amounts of corporate data.
