Varonis Systems (VRNS) shares climbed as much as 14% on Tuesday.
The cybersecurity firm is exploring a potential sale following reports of takeover interest. Varonis is currently working with financial advisers to evaluate its strategic options.
Preliminary interest originated from private equity firms Blackstone, Thoma Bravo, and Vista Equity Partners.
The potential deal reflects high demand for cybersecurity services driven by the rise of AI-powered attacks.