Varonis to Buy Security Firm SlashNext For $150 Million

Data security company Varonis Systems Inc. has agreed to acquire SlashNext, an AI-based email security provider, for as much as $150 million including performance-based retention awards.

SlashNext Inc. uses predictive AI to remove threats from email inboxes in real time and detect business email compromise attacks. The acquisition will allow Varonis to expand its reach in the email security sphere at a time when AI has enabled increasingly deceptive email threats, Varonis Chief Marketing Officer Rob Sobers said in an email.