Welcome to our dedicated page for Varonis Systems news (Ticker: VRNS), a resource for investors and traders seeking the latest updates and insights on Varonis Systems stock.
Varonis Systems, Inc. (Nasdaq: VRNS) is a leading provider of data security and access governance solutions. Founded in 2004 and headquartered in New York, Varonis specializes in protecting the fastest-growing and most sensitive class of digital information: human-generated data. The company's innovative Data Security Platform combines advanced analytics with automated security measures to offer comprehensive data protection across various environments, including on-premises, SaaS, IaaS, and hybrid clouds.
Varonis empowers organizations to maintain total visibility and control over their data, ensuring that only authorized users can access critical information while monitoring and flagging any misuse. The company's patented technology and highly accurate analytics engine enable seamless digital collaboration, making it effortless and secure for users to create, share, and manage content.
As part of its ongoing cloud transition, Varonis has been focusing on migrating its on-premises customers to its cloud-native solutions delivered as Software-as-a-Service (SaaS). This strategic shift aims to provide more scalable and flexible data security options for organizations worldwide.
Varonis' portfolio includes solutions for data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management. The company's commitment to innovation is evident in its recent advancements in AI-powered automation, particularly with the introduction of Varonis for Microsoft 365 Copilot, which enhances AI security and compliance.
The company has garnered numerous accolades for its continuous innovation and effective security solutions. Notably, Varonis was honored for the sixth consecutive year by CRN’s Security 100 list, which recognizes top-tier companies providing groundbreaking security offerings. Additionally, the Varonis Data Security Platform received the Best DSPM award from Cyber Defense Magazine's Global InfoSec Awards.
Varonis engages with its clients through various channels, including its extensive network of channel partners and in-person events like Varonis Connect! These events provide valuable insights, educational sessions, and networking opportunities for security and risk executives.
Organizations worldwide trust Varonis to safeguard their data, automate security outcomes, and ensure compliance with evolving privacy regulations. By focusing on protecting data first, Varonis helps customers prevent data breaches and secure their most valuable assets. For more information, visit www.varonis.com.
Varonis Systems (Nasdaq: VRNS) has introduced new enhancements to its DatAdvantage Cloud solution, aimed at improving data security in Amazon S3. These features allow organizations to automatically discover and classify sensitive data, prevent unauthorized access, and pinpoint misconfigurations within S3 buckets. The enhancements provide continuous monitoring of sensitive data risks, addressing common data breach issues associated with misconfigured S3 buckets. Varonis emphasizes the importance of proactive measures to secure data stored on AWS.
Varonis Systems (Nasdaq: VRNS) announced that its DatAdvantage Cloud solution has achieved Level 1 certification from the Cloud Security Alliance (CSA) STAR registry, affirming its adherence to strict data security standards. This certification highlights Varonis' commitment to cloud security, enhancing its cloud-hosted solution designed for protecting sensitive data across SaaS and IaaS platforms. Additionally, Varonis has completed a SOC 2 Type 2 audit and holds multiple other certifications, including ISO/IEC standards, reinforcing its reputation in data security.
Varonis Systems (Nasdaq: VRNS) will participate as a Gold Sponsor at the RSA Conference 2022, scheduled from June 6-9 in San Francisco. Attendees can visit Booth #5545 for demonstrations on how to enhance data visibility and mitigate ransomware risks. Key sessions include discussions on cybersecurity outreach to Gen Z and strategies to defend against advanced adversaries targeting SaaS and IaaS. Varonis focuses on protecting sensitive data from cyber threats through its innovative security solutions.
Varonis Systems (Nasdaq: VRNS) expands its Asia-Pacific operations by appointing new country managers in India, Singapore, and Japan. Maheswaran Shamugasundaram, Shing Ping Loi, and Katsuya Tsujimoto bring over 75 years of combined experience in business development and sales from top technology and security firms. This strategic move aims to enhance Varonis' presence in these regions and address the growing need for data-centric cybersecurity solutions amidst ongoing digital transformation.
Varonis Systems (Nasdaq: VRNS), a leader in data security, announced its participation in major upcoming conferences. These include the 17th Annual Needham Technology & Media Conference on May 16 at 8 a.m. ET, the Cowen 50th Annual Technology, Media & Telecom Conference on June 2 at 3:20 p.m. ET, and the 42nd Annual William Blair Growth Stock Conference on June 6 at 3:40 p.m. ET. Presentations will be available via live webcasts on Varonis' investor relations website, which will also archive the sessions for a limited time.
Varonis Systems (Nasdaq: VRNS) reported a strong Q1 2022, with annual recurring revenues (ARR) rising 32% year-over-year to $404.5 million. Total revenues increased by 29% to $96.3 million. Subscription revenues soared by 53% to $69.0 million. Despite a write-off from its Russia business costing around $3 million in ARR, the company reaffirmed its full-year guidance for both revenue and ARR, anticipating $485 million to $490 million in revenue for the year. Varonis also generated $24.5 million in cash from operations, reflecting a strong demand environment.
Varonis Systems (Nasdaq: VRNS) announced new capabilities in data security for Salesforce on April 26, 2022. These updates enhance visibility and compliance by addressing permissions sprawl and misconfigurations that pose risks to sensitive data. Key features include a detailed permissions analysis, automatic classification of sensitive files, and anomaly detection for potential threats. The enhancements are part of DatAdvantage Cloud, offering a comprehensive security solution across various platforms. This release aims to fortify organizations’ security posture and ensure regulatory compliance.
Varonis Systems (Nasdaq: VRNS) announced it will release its first quarter 2022 financial results after U.S. markets close on May 2, 2022. A conference call to discuss the results will also occur on the same day at 4:30 p.m. ET.
The call can be accessed by dialing 877-425-9470 (domestic) or 201-389-0878 (international). A replay will be available until May 9, 2022, and a live webcast will be accessible on the company's Investor Relations page.
Varonis Systems, a leader in data security and analytics, announced its participation in three key conferences in March 2022. The events include the JMP Securities Technology Conference on March 7-8, with a presentation on the 8th at 3:30 pm ET; the Morgan Stanley Technology, Media & Telecom Conference, from March 7-10, with a presentation on the 9th at 11:00 am ET; and the Wolfe Research Virtual "March Madness" Software Conference on March 22-23, featuring a presentation on the 22nd at 10:00 am ET. Live webcasts will be available on Varonis' Investor Relations website.
Varonis Systems, Inc. (NASDAQ: VRNS) announced its annual Partners in Excellence awards, recognizing top channel partners for their contributions in 2021. Total revenues surged by 33%, reaching $390.1 million, compared to $292.7 million in 2020. The awards highlight the partners' crucial role in delivering data protection amid increasing cyber threats, including ransomware and supply-chain attacks. Notable winners include Optiv as Partner of the Year in North America and Metsys in France. This celebration underscores Varonis's commitment to enhancing data security through strong channel partnerships.
FAQ
What is the current stock price of Varonis Systems (VRNS)?
What is the market cap of Varonis Systems (VRNS)?
What does Varonis Systems, Inc. specialize in?
When was Varonis founded and where is it headquartered?
What is the Varonis Data Security Platform?
What are some of Varonis' key solutions?
How does Varonis help organizations ensure data security?
What is Varonis' recent innovation in AI security?
What awards has Varonis received for its security solutions?
How does Varonis engage with its clients?
What is the focus of Varonis' cloud transition?
Where can I find more information about Varonis?
