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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, a leader in data security, has been recognized as a Customers' Choice in the 2024 Gartner Peer Insights Voice of the Customer report for Data Security Posture Management (DSPM). Varonis received the highest number of verified five-star reviews and overall reviews in this category, with 94% of customers recommending the platform. The company also exceeded market averages in Overall Experience and User Interest and Adoption. Chief Marketing Officer Rob Sobers highlighted that this recognition validates Varonis' focus on delivering measurable customer outcomes.
Varonis Systems, a data security leader, has announced its participation in Infosecurity Europe from June 4-6, 2024, at ExCel London. Varonis will deliver several expert sessions focusing on generative AI security, mitigating data exposure from breaches, and the future of cloud security. Key sessions include securing Microsoft Copilot to prevent prompt-hacking, understanding common defense failings in computer crimes, and exploring advanced cloud data security management. Attendees can visit stand D35 to learn more about Varonis' data security solutions and participate in interactive activities like an AI photo booth.
Varonis Systems, a leader in data security, announced its participation as a Platinum exhibitor at the Gartner Security & Risk Management Summit from June 3-5, 2024, in National Harbor, MD. Varonis will showcase its cloud-native Data Security Platform at booth 835, offering demos to demonstrate how it reduces data exposure and risk across multi-cloud, SaaS, and on-prem environments. Additionally, Varonis Director of Field Engagement Kilian Englert will lead a session on June 4, 2:45 p.m., about safely deploying AI productivity tools like Microsoft Copilot while minimizing security risks. Networking receptions on Monday and Tuesday will feature a raffle for a YETI CAMINO 35 Carryall Tote Bag.
Varonis Systems, a leader in data security, has announced its participation in several upcoming investor conferences. The company will present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference in Boston from May 20-22, with a presentation on May 21 at 5:05 p.m. ET.
Following this, Varonis will attend the TD Cowen 52nd Annual Technology, Media & Telecom Conference in New York from May 29-30, presenting on May 30 at 1:15 p.m. ET.
Further, the company will be at the William Blair 44th Annual Growth Stock Conference in Chicago from June 4-6, presenting on June 4 at 10:40 a.m. CT. Lastly, Varonis will also present at the Baird Global Consumer, Technology & Services Conference in New York from June 4-6, with a presentation on June 5 at 12:15 p.m. ET.
The audio presentations will be webcast live and archived on the Investor Relations section of the Varonis website.
Varonis Systems, Inc. (Nasdaq: VRNS) will deliver a main stage keynote at RSA Conference 2024 in San Francisco. Matt Radolec will present on preventing AI breaches. Varonis focuses on data security and offers a cloud-native Data Security Platform.
Varonis Systems, a data security leader, won the Best Data Security Posture Management Award for its exceptional capabilities at RSA Conference 2024. The award recognizes Varonis' active approach in reducing data breach risk through automated remediation. Varonis combines DSPM with threat detection and data access governance, setting them apart in the market.
Varonis Systems, Inc. (Nasdaq: VRNS) has introduced prompt monitoring to its Microsoft 365 Copilot security offering to investigate risky interactions and prevent AI-related data breaches. This new feature helps security teams identify and mitigate suspicious prompts and detect abnormal user behavior, adding an additional layer of protection against malicious activities. Varonis also offers an AI assistant for faster incident resolution and a Managed Data Detection and Response service for round-the-clock threat detection and response coverage. The company is a Top-Tier Microsoft Partner, supporting safe adoption of Microsoft 365 Copilot.
Varonis Systems, Inc. (Nasdaq: VRNS) announced impressive first quarter 2024 financial results with total revenues of $114.0 million, SaaS revenues of $34.0 million, and annual recurring revenues of $560.3 million, marking a 17% year-over-year growth. The company reported strong demand for their SaaS platform, resulting in 30% of total ARR coming from SaaS. Varonis also generated $56.7 million cash from operations and $56.4 million free cash flow year-to-date. However, there was a GAAP operating loss of ($47.6) million and a non-GAAP operating loss of ($10.6) million, signaling room for improvement in profitability.
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