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 (VRNS) has announced plans to offer $350 million in Convertible Senior Notes due 2029, with an option for initial purchasers to buy an additional $52.5 million. The notes will be unsecured senior obligations, maturing on September 15, 2029, with interest payable semiannually. They will be convertible under certain conditions and can be settled in cash, Varonis common stock, or a combination.
The company intends to use the proceeds for working capital, general corporate purposes, and potential acquisitions. Varonis also plans to enter into capped call transactions to reduce potential dilution from the notes. The offering is to qualified institutional buyers under Rule 144A of the Securities Act.
Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, has announced its participation in the upcoming Citi's 2024 Global TMT Conference and GEMS Conference in New York. The company's presentation is scheduled for September 4 at 2:10 p.m. ET.
Investors and interested parties can access the live audio webcast of the presentation through the 'Investor Relations' section of Varonis' website at ir.varonis.com. The webcast will be archived on the site for a time after the conference.
For those seeking more information about Varonis' solution portfolio, the company's website at www.varonis.com offers comprehensive details. Varonis also encourages engagement through its blog and social media platforms, including X (Twitter), LinkedIn, and YouTube.
Varonis Systems, Inc. (Nasdaq: VRNS) has announced new integrations with SentinelOne and Microsoft Defender for Endpoint. These integrations enhance Varonis' Managed Data Detection and Response (MDDR) service by expanding visibility to customers' endpoints. Key benefits include:
1. Earlier threat detection: MDDR analysts can identify and stop threats earlier in the kill chain using EDR alerts.
2. Swifter investigations: Consolidation of telemetry from multiple detection surfaces for fast and conclusive forensics.
3. Maximized EDR investment: Correlation of EDR alerts with Varonis' data-centric alerts to spot threats that might go unnoticed.
The integrations are immediately available, aiming to address visibility gaps exploited by threat actors and enhance the value of Varonis' MDDR offering.
Varonis Systems, Inc. (Nasdaq: VRNS) has unveiled new AI-powered data discovery and classification capabilities to enhance its data security platform. This advancement offers:
- Minimal training requirements with high accuracy
- Cost-effective local data scanning without data leaving customer environments
- Transparent and flexible AI models for easy validation
The new AI classifiers complement Varonis' existing classification engine, providing a comprehensive toolkit for organizations to accurately identify and categorize their unique data types. This innovation aims to improve risk prioritization, exposure remediation, and security control enforcement.
Varonis Systems, Inc. (VRNS) announced strong Q2 2024 financial results, highlighting 18% year-over-year growth in annual recurring revenues (ARR) to $584.2 million. SaaS ARR reached 36% of total ARR, reflecting growing momentum in their SaaS platform. Total revenues increased to $130.3 million, up from $115.4 million in Q2 2023. The company reported improved cash flow, generating $68.4 million from operations and $67.3 million in free cash flow year-to-date. Varonis raised its full-year ARR and free cash flow guidance, expecting ARR to reach $629.0-$635.0 million and free cash flow of $80.0-$85.0 million for 2024. The company also increased its SaaS ARR expectations to 48% for the full year, demonstrating strong adoption of its SaaS offerings.
Varonis Systems, Inc. (Nasdaq: VRNS) announced its participation as a Platinum Plus Sponsor at Black Hat USA 2024. The company will showcase its cloud-native Data Security Platform at booth #1250, demonstrating how organizations can strengthen their data security posture across multi-cloud storage and SaaS apps.
Key highlights include:
- An expert session on safely deploying AI Copilots, presented by Varonis Field CTO Brian Vecci on August 7 at 10:55 a.m.
- Sponsorship of Optiv's Black Hat After-Party on August 7
- Opportunities for 1:1 meetings and 30-minute product demos
Varonis aims to educate attendees on identifying and mitigating threats, safeguarding sensitive data, and ensuring compliance with privacy regulations through automation.
Varonis Systems, a leader in data security, has announced the release date for its second quarter 2024 financial results. The results will be published on July 29, 2024, following the close of the U.S. financial markets.
Varonis will also host a conference call at 4:30 p.m. ET on the same day to discuss the financial outcomes. Interested parties can join the call by dialing 877-425-9470 (domestic) or 201-389-0878 (international) with the conference ID 13747734. For those unable to attend, a replay will be available until August 5, 2024. The live webcast and replay will be accessible on the company's investor relations webpage.
Visit Varonis' website for more information on their solutions and join their conversations on social media platforms.
Varonis Systems has secured the 'In Process' designation with FedRAMP, affirming its commitment to providing secure cloud solutions for the federal government. This milestone is important for Varonis, known for its data security platform that discovers, classifies, and protects critical data using AI-powered automation. The platform is used by hundreds of government agencies to meet compliance mandates, including EO 14028 and OMB 22-09 requirements. This designation allows Varonis to further deliver its cloud-native security solutions to federal entities, supporting their efforts to reduce data breach risks and monitor threats in real time. Varonis is also listed in several government contract vehicles, facilitating easier adoption by federal agencies.
Varonis Systems has announced new automated remediation capabilities to enhance data security on AWS. These features automatically identify and rectify critical misconfigurations, eliminate identity-related risks, and prevent public data exposure. This innovation aims to address the increasing volume of security issues in cloud environments, offering a self-securing AWS environment that matches the pace of data growth and developer agility. Key functionalities include blocking public access to sensitive S3 buckets, removing inactive users, and deleting stale access keys. These solutions are now available in the Varonis Data Security Platform.
Varonis Systems, a leader in data security, has announced their participation in AWS re:Inforce, taking place from June 10-12, 2024, at the Pennsylvania Convention Center in Philadelphia. They will be showcasing their cloud-native Data Security Platform (DSP) at booth 303. Varonis aims to demonstrate how their DSPM (Data Security Posture Management) solutions can enhance security across AWS environments, including IAM, S3, RDS, and EC2. A featured session by Mike Thompson, Director of Cloud and Security Architecture, will detail the importance of automated DSPM for identifying sensitive data, managing identities and permissions, and proactively detecting threats. The session is scheduled for June 12 at 11 a.m. in Theater 3.
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