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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 invites cybersecurity professionals to its inaugural Data-First Forum virtual event titled The Hackers & The CISO: Mindset, Methods, & Mayhem on February 24, 2022, at noon ET. The interactive panel will feature experts including Rachel Tobac, Davin Jackson, and Ed Amoroso, discussing critical topics such as social engineering attacks, evolving security programs, and complexities of SaaS applications. This event aims to equip attendees with practical advice to enhance data security and tackle emerging cyber threats.
Varonis Systems (VRNS) reported a strong fourth quarter and full-year financial performance for 2021. Total revenues increased by 33% year-over-year to $126.6 million in Q4, while annual recurring revenues reached $387.1 million, representing a 35% growth. Subscription revenues surged 53% to $96.0 million in Q4. However, the GAAP operating loss widened to ($17.8) million.
For 2022, Varonis projects ARR of $484.0 million to $489.0 million and revenues between $485.0 million and $490.0 million, reflecting continued growth.
Varonis Systems (Nasdaq: VRNS) has released Version 8.6 of its Data Security Platform, enhancing security for Microsoft 365. Key features include dashboards to monitor data exposure, new threat models for ransomware detection, improved remediation for SharePoint and OneDrive, and automatic labeling for sensitive files. These upgrades aim to bolster data protection amidst increasing collaboration demands while adhering to compliance requirements. The platform helps organizations secure their critical data against internal and external threats, supporting a Zero Trust approach.
Varonis Systems, Inc. (Nasdaq: VRNS) has scheduled its fourth quarter and full-year 2021 financial results announcement for February 7, 2022, after U.S. market close. A conference call will follow at 4:30 p.m. ET to discuss the results. Interested parties can access the call via phone or webcast on the Investor Relations page of Varonis' website. The details, including the conference ID and replay options, are provided in the press release. Varonis specializes in data security and analytics, protecting enterprise data from internal and external threats.
Varonis Systems, a leader in data security and analytics, has successfully completed its SOC 2 Type II compliance audit, confirming that its DatAdvantage Cloud solution meets strict data security standards. This achievement reinforces Varonis’ commitment to safeguarding customer data across key SaaS and IaaS platforms. The audit, conducted by KPMG, assessed Varonis’ security controls against AICPA's criteria, adding significant value to its existing compliance certifications, including ISO 27001. Customers can request the SOC 2 Report for detailed insights about Varonis’ data security measures.
Varonis Systems (Nasdaq: VRNS) will participate in several upcoming conferences, showcasing its focus on data security and analytics. Key events include the Wells Fargo Virtual TMT Summit from Nov 30 to Dec 2, with a presentation on Dec 1 at 8:00 am ET. Additionally, Varonis will present at the Nasdaq 45th Investor Conference on Dec 2 at 8:00 am ET, the UBS Global TMT Virtual Conference on Dec 6 at 2:00 pm ET, and the Barclays Global Technology Conference on Dec 7 at 8:35 am ET. Webcasts of these presentations will be available on Varonis' Investor Relations webpage.
Varonis Systems (Nasdaq: VRNS) has been recognized in Institutional Investor's 2022 All-America Executive Team, achieving top three rankings across eight categories in the midcap software sector. CFO Guy Melamed secured the 1st place in the 'Best CFO' category, while CEO Yaki Faitelson was ranked 2nd as 'Best CEO'. The firm also earned several 2nd and 3rd place honors, including recognition for its investor relations team and ESG efforts. This acknowledgment highlights Varonis' strong communication and stakeholder engagement, particularly during the pandemic.
Varonis Systems has announced a virtual event titled Top Cloud Security Risks for 2022, scheduled for November 18, 2021, at noon EST. This event targets security and IT professionals, discussing how cloud applications introduce risks and how to mitigate them using a data-first approach. For every attendee, Varonis will donate $5 to Action Against Hunger, up to $5,000. Participants will also have chances to win Amazon gift cards. Varonis is known for its focus on data security and analytics, protecting sensitive enterprise data from various cyber threats.
Varonis Systems (Nasdaq: VRNS) announced its participation in three upcoming conferences in November 2021. The events include the Jefferies Cybersecurity Summit on November 10 at 12:35 pm ET, the Needham Security, Networking & Communications Conference on November 16 at 8:45 am ET, and the RBC Global Technology Conference from November 16-17, with a presentation on November 17 at 10:55 am ET. Varonis will webcast these presentations live, accessible via the 'Investor Relations' section of their website.
Varonis Systems (VRNS) reported a strong third quarter with total revenues reaching $100.4 million, a 31% year-over-year increase. Subscription revenues surged 59% to $70.0 million. Annual recurring revenues (ARR) grew 36% year-over-year to $354.2 million. Despite a GAAP operating loss of $18.6 million, non-GAAP operating income rose to $8.1 million, up from $3.1 million the previous year. For Q4 2021, Varonis anticipates revenues between $120.0 million and $123.0 million, maintaining a positive outlook for growth.
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