Varonis to Buy Security Firm SlashNext For $150 Million

Varonis Systems Inc., a leading data security company, has announced its plan to acquire SlashNext, an AI-based email security provider, for up to $150 million. This acquisition includes performance-based retention awards and is expected to strengthen Varonis' capabilities in protecting organizations from email-based threats. SlashNext, known for its advanced AI-powered technology, specializes in detecting and preventing phishing, malware, and other email-borne attacks. By integrating SlashNext's solutions, Varonis aims to enhance its suite of data security offerings and provide more comprehensive protection for its customers. The deal is subject to customary closing conditions and is anticipated to be completed in the first quarter of 2023. Once finalized, the acquisition will enable Varonis to leverage SlashNext's expertise and technology, further solidifying its position in the rapidly evolving cybersecurity landscape.