Varonis Systems, Inc. (Nasdaq: VRNS) (“Varonis”), the data and AI security leader, and Proofpoint, Inc. (“Proofpoint”), a global leader in human and agent cybersecurity, today announced entrance into a definitive agreement under which Varonis will be acquired by Proofpoint, a portfolio company of Thoma Bravo, in an all-cash transaction valued at approximately $6.3 billion.

Under the terms of the agreement, Varonis shareholders will receive $49.75 per share in cash. This purchase price represents a premium of 52% to Varonis’ closing stock price of $32.71 on June 22, 2026, the last full trading day prior to initial rumors about a potential sale of the Company, and a premium of 17% over Varonis’ closing stock price of $42.35 on September 1, 2026, the last trading day prior to additional media reports speculating about a potential sale of Varonis. The transaction values Varonis at approximately 53x LTM Free Cash Flow and 8.4x LTM Revenue.¹

The combined company will serve more than 16,000 enterprises and millions of organizations globally, creating one of the world’s leading pure-play cybersecurity companies and establishing the industry’s largest data and AI cybersecurity organization. Together, the combined company intends to deliver a unified platform that helps organizations adopt AI with confidence: finding and protecting sensitive data, controlling what people and AI can access, and stopping data loss. Following closing, Proofpoint intends to move quickly to integrate the companies’ capabilities, align go-to-market efforts, and accelerate delivery of the combined platform to customers.

“Today begins an exciting new chapter for Varonis and our customers. It’s a testament to the incredible work of the Varonis team over two decades,” said Yaki Faitelson, Varonis CEO, Co-Founder and Chairman of the Board of Directors. “Our mission is to secure AI and the data that powers it. By joining forces with Proofpoint, we can achieve this mission faster than ever.”

Faitelson continued, “This announcement follows a comprehensive evaluation led by a committee of independent members of our Board of Directors, which included extensive outreach to a range of potential strategic and financial buyers. This transaction is an excellent outcome for the company and our shareholders, representing a realization of immediate, significant, and certain value well in excess of the risk-adjusted value of delivering against our standalone plan.”

“As AI becomes embedded across the enterprise, the data it can access determines both its value and its risk. AI agents are increasingly accessing sensitive information and taking action across systems, making it critical for organizations to understand not only what data needs protecting and who can access it, but how it is actually being used,” said Sumit Dhawan, CEO of Proofpoint. “By connecting communications, identities, permissions, data, and AI, we are creating an intelligence advantage that helps customers see risk more clearly, respond faster, and defend against the next generation of AI risks. This is a defining step in Proofpoint’s evolution into a cybersecurity platform built for the future of AI.”

ALEC Engineering and Contracting LLC – SPC (ALEC), part of ALEC Holdings PJSC (ALEC Holdings) has signed an agreement with the Environment Agency – Abu Dhabi (EAD) to support a first-of-its-kind mangrove hydrological restoration pilot in the Emirate of Abu Dhabi.

The three-year project will explore whether restoring the natural hydrological conditions of a mangrove area in need of restoration can help the ecosystem return to long-term ecological health. In doing so, the initiative will examine the underlying conditions required to secure the future health and resilience of Abu Dhabi’s mangrove habitats.

EAD will lead the scientific planning and implementation of the project, including site selection, ecological and hydrological assessments, identification of the required restoration interventions, and the monitoring and reporting of project outcomes.

The pilot will establish baseline information for the selected site and track progress against defined restoration and biodiversity indicators. Its findings are expected to strengthen scientific understanding of mangrove hydrology in Abu Dhabi and help inform the planning of future ecosystem restoration initiatives.

The project supports the science-led restoration objectives of the Abu Dhabi Mangrove Initiative and complements the UAE’s national climate and biodiversity targets. By examining the conditions needed for mangrove habitats to recover and thrive, it will contribute to a broader understanding of how protection, hydrological restoration and long-term monitoring can work together to deliver durable ecological outcomes.

Earlier in 2026, ALEC signed the Abu Dhabi Mangrove Initiative Partners Pledge, committing to support the conservation and restoration of mangroves and other blue carbon ecosystems, advance science-based restoration, and reduce its impact on nature.

 This partnership marks ALEC’s first flagship nature restoration investment with measurable biodiversity outcomes and forms part of ALEC’s broader commitment to integrating biodiversity considerations into its sustainability strategy and contributing to nature-positive outcomes in the regions where it operates.

Maitha Mohamed Al Hameli, Acting Executive Director, Terrestrial and Marine Biodiversity of the Environment Agency – Abu Dhabi, said, “We welcome ALEC’s support for this pilot, which reflects the kind of long-term, science-based commitment the Abu Dhabi Mangrove Initiative was established to encourage. The findings will strengthen our understanding of how mangrove sites respond to restored hydrological conditions and will inform how we plan future restoration in the emirate. Through this pilot, we aim to build the scientific evidence needed for long-term solutions that safeguard Abu Dhabi’s mangroves, a defining feature of the emirate’s natural heritage.”

Sean McQue, Managing Director – ALEC, said, “Abu Dhabi is a capital defined by extraordinary ambition, creating next-generation cultural and visitor experiences while protecting the natural heritage that gives the emirate its identity. For ALEC, this partnership is an important step in turning our commitment to nature into tangible action. As our first biodiversity restoration investment, the project enables us to contribute directly to the protection and restoration of Abu Dhabi’s mangrove ecosystems, while supporting a science-led approach that will generate measurable biodiversity outcomes. Through this pilot, we are supporting the development of the knowledge, evidence and practical understanding needed to help these vital ecosystems recover and thrive. In doing so, we are proud to support Abu Dhabi’s ambition to protect its natural heritage and contribute to a more resilient future for the emirate.”

As a company whose activities interact with land, water and ecosystems across the built environment value chain, ALEC recognises the importance of supporting the protection and enhancement of natural habitats. Through this partnership, the company will support the collection of ecological baseline data, monitoring of biodiversity indicators and conservation of a priority coastal ecosystem.

The collaboration will also create opportunities for employees across the ALEC Holdings group to participate in environmental awareness, education and structured volunteering activities associated with the project. These are expected to include citizen-science monitoring and other forms of community engagement.

The signing follows the fourth annual Abu Dhabi Mangrove Initiative Partners Meeting, which took place on 8 October 2026 at Rixos Saadiyat Hotel in Abu Dhabi. ALEC participated in the meeting, which brought partners together to review their collective impact and consider future opportunities to support the health and resilience of the emirate’s mangroves.

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Photo Caption: (R) Maitha Mohammed Al Hameli, Acting Executive Director – Terrestrial & Marine Biodiversity at Environment Agency Abu Dhabi and (L) Sean McQue, Managing Director at ALEC

About the Environment Agency – Abu Dhabi

About Environment Agency – Abu Dhabi (EAD)

Established in 1996, the Environment Agency – Abu Dhabi (EAD) is committed to protecting and enhancing air quality, groundwater as well as the biodiversity of our desert and marine ecosystem. By partnering with other government entities, the private sector, NGOs and global environmental agencies, we embrace international best practice, innovation and hard work to institute effective policy measures. We seek to raise environmental awareness, facilitate sustainable development and ensure environmental issues remain one of the top priorities of our national agenda.

About ALEC Holdings PJSC  

ALEC Holdings PJSC (“ALEC Holdings”), part of the Investment Corporation of Dubai, is a leading diversified engineering and construction group operating in the UAE and KSA. The Company builds and provides construction solutions that set industry benchmarks for innovation, quality, reliability and operational excellence. 

ALEC Holdings offers its clients complete turnkey solutions in construction, MEP, fitout, marine, oil & gas, modular construction, energy efficiency and solar projects, heavy equipment rental, technology systems and asset maintenance. With these capabilities, the Company successfully serves a diverse range of sectors including airports, data centers, retail, hotels & resorts, high-rise buildings, and themed projects. 

For more information, please visit https://alec.ae/.  

Government and public sector leaders from across the GCC will gather in Abu Dhabi on 20th and 21st October 2026 for the 14th Annual GCC GOV HR & Youth Summit and Awards, taking place at the Grand Hyatt Abu Dhabi Hotel & Residences Emirates Pearl. Organised by QNA International, the region’s most exclusive B2B public sector HR platform will bring together CHROs, People Leaders, policymakers and change agents under the theme Time of Opportunities: Uncovering the New Realities of Work.

As governments across the GCC advance their national transformation agendas, the challenge is no longer simply to modernise systems or introduce new technologies, but to build institutions that can translate innovation into meaningful outcomes for people. This requires a more integrated approach to workforce transformation, one that brings together digital capability, adaptive leadership, employee experience and a culture of continuous learning.

Ahead of the event, Advisory Board Members and speakers have shared the shifts they expect to define government work across the region.

From Measuring Volume to Measuring Impact

His Highness Captain Shaikh Abdulaziz Sultan Al Nuaimi, Director of Excellence Awards Branch, Ajman Police, UAE, said: “Government excellence requires a shift from measuring the volume of achievements to measuring impact, added value, and the capacity for anticipation and adaptation.”

His Excellency Mohamed Al Marzooqi, Executive Director Of Support Services, Government Entity, UAE, added: “The future of government support services is not about doing the same things faster; it is about doing things differently and creating greater value for people.”

For HR, that means a new role. Brigadier Rashid Nasser Rashid Abdullah, Director of the General Department of Human Resources, Dubai Police, UAE, said: “The biggest shift facing government HR leaders in the GCC today is moving from managing workforces to unlocking leaders.” He added: “Our job is no longer to plan for one future, but to build institutions ready for many, and people who are trusted to learn, adapt, and take initiative.”

Dr. Ebrahim Al Khajeh, Human Resources Director, Abu Dhabi Customs, UAE, named the same turning point: “The shift from traditional HR to strategic workforce transformation.”

These themes reflect the Summit’s focus areas of Human-Centric Government and Disruptive Leadership.

AI, Accountability and Trust

His Excellency Mohamed Al Marzooqi said: “Our greatest challenge is not adopting AI; it is preparing our people and our institutions to work differently because of AI.”

Maitha A. Balfaqeeh, Senior Vice President of Shared Services, ADNOC Gas, UAE, said: “Technology and AI are fundamentally reshaping the role of shared services — moving them from primarily transactional functions to becoming more intelligent, predictive, and employee-centric.”

Iman Khalid Al Marzouqi, Group Chief Support Services Officer, Alpha Dhabi Holding, UAE, said: “HR leaders must help shape how AI is used, how decisions affecting people are made, and who remains accountable.”

These conversations connect to the Summit’s focus areas of AI-First Workforce, Agentic Intelligence, Workforce Intelligence and Trust, Talent, and Resilience.

National Talent and the Next Generation

From Saudi Arabia, Reem AlRehaili, Chief of Corporate Services, ARDARA (PIF), Saudi Arabia, said: “Vision 2030 asks us to do more than increase the number of Saudis in the workforce, it asks us to build their capability.” She added: “The most powerful thing we can offer is not a package. It is a purpose.”

Dr. Ebrahim Al Khajeh said: “Government organizations are increasingly prioritizing national talent development, digital skills, and leadership capabilities rather than simply filling vacancies.”

His Highness Captain Shaikh Abdulaziz Sultan Al Nuaimi said: “Young professionals are essential partners in shaping the future of government work, with their digital skills, capacity for innovation, and ability to adapt rapidly.”

Iman Khalid Al Marzouqi said: “We need to understand their strengths, give them meaningful responsibility, and provide mentors who are personally invested in their progress.”

Advising young professionals, Maitha Ahmed Balfaqeeh said: “Future leaders need to understand the business, not only their own function.” Reem AlRehaili’s message to young women entering the workforce was: “The door is open. What matters now is what you do once you walk through it.”

These perspectives are at the heart of the Summit’s Nationalization 2.0, Workforce 2035 and GCC Next-Gen Leaders tracks.

Why This Summit, Why Now

Brigadier Rashid Nasser Rashid Abdullah said: “This Summit matters now because change is moving faster than institutions can respond, and the UAE has chosen not to wait.”

Sidh N.C., Director of QNA International, said: “The voices ahead of this year’s Summit point in one direction: government HR in the GCC is moving from administering the workforce to leading change. Over two days in Abu Dhabi, we will bring together the leaders, the ideas and the young talent shaping the next chapter of public service across the region.”

The 14th Annual GCC GOV HR & Youth Summit and Awards 2026  will provide a platform for public sector leaders to exchange practical insights, challenge established approaches and explore how government HR can evolve from a support function into a strategic driver of institutional performance, national talent development and long-term public value.