Varonis Announces New Location in Cork and Expects to Double Headcount to 120 Employees Over Next Three Years

Rhea-AI Summary

Varonis Systems (Nasdaq: VRNS) has announced the opening of a new office in Cork City, Ireland, at Penrose Dock. The expansion is set to double the company’s workforce by creating approximately 60 new jobs over the next three years across various departments, including tech support and sales. Varonis’ commitment to Cork underscores the region's appeal for high-quality investment. The company, founded in 2005, focuses on data security and analytics, aiming to protect sensitive enterprise data and ensure compliance with regulations such as GDPR.

Positive

• Creation of approximately 60 new jobs over the next three years.
• Expansion highlights Varonis' growth strategy and commitment to the European market.
• Cork's attractive investment environment supports recruitment of top talent.

Negative

• None.

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announced the opening of its new and expanded office space in Cork City at Penrose Dock. Varonis is expected to double its employee headcount, creating approximately 60 jobs – ranging from tech support, research and development, human resources, and sales – over the next three years.

An Taoiseach Micheál Martin TD said: “I’m delighted to welcome today’s announcement by Varonis of the opening of its new and expanded office space in Cork City, at Penrose Dock, along with the creation of 60 new jobs over the next three years. This is very welcome news for Cork and is a testament to Cork and Ireland’s continued attractiveness for high-quality investment and jobs.”

Tánaiste and Minister for Enterprise Trade & Employment Leo Varadkar TD said: “I’m really pleased to see Varonis doubling its staff, creating an additional 60 new highly skilled jobs at Penrose Dock in Cork. As the past few weeks have shown, data security is an increasingly important sector and companies like Varonis play a critical role in the global economy. Ireland provides the talent pool, government support and academic commitment that will enable Varonis to continue this important work and I wish the company all the best with this new chapter.”

“We are thrilled to expand in Cork at the beautiful new Penrose Dock to support our customers across Europe and throughout the world,” says Dana Shahar, Chief Human Resources Officer, Varonis. “Cork is known for its wealth of talented, dedicated employees, and it is a great fit for us as we continue to grow.”

Founded in 2005, Varonis protects organizations’ most sensitive data – including financial information, intellectual property, and confidential employee and patient records. Companies turn to Varonis to detect insider threats and cyberattacks like ransomware and ensure compliance with regulations like the GDPR. Varonis specializes in safeguarding data where it lives – whether on-premises or, increasingly, in cloud applications and infrastructure.

IDA Ireland CEO Martin Shanahan said: “Today’s announcement by Varonis to double its headcount in Cork demonstrates the availability of a skilled and talented workforce across the South West Region. This announcement exemplifies IDA Ireland’s continued commitment to winning jobs and investments in regional locations. I wish Varonis every success with this expansion.”

Varonis is headquartered in New York City and today employs approximately 1,800 employees worldwide. The company opened its first Cork location in 2017.

For more information on Varonis, please visit www.varonis.com. To view open positions, visit the Varonis Careers page at https://info.varonis.com/careers. Follow @VaronisLife on Instagram for the latest on company culture and on LinkedIn for company news and updates.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of federal securities laws. Words such as “expect” and “intend” and similar expressions identify forward-looking statements, which include but are not limited to statements related to our expected expansion. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including those in our risk factors that we identify in our most recent quarterly report on Form 10-Q for the quarter ended March 31, 2021, as filed with the Securities and Exchange Commission (the “SEC”) on May 4, 2021, and any updates thereto in the company’s filings with the SEC. We caution you not to place undue reliance on our forward-looking statements, which speak only as of their date, and we undertake no obligation to update this information.

About Varonis
Varonis is a pioneer in data security and analytics, fighting a different battle than conventional cybersecurity companies. Varonis focuses on protecting enterprise data: sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property. The Varonis Data Security Platform detects cyberthreats from both internal and external actors by analyzing data, account activity and user behavior; prevents and limits disaster by locking down sensitive and stale data; and efficiently sustains a secure state with automation. Varonis products address additional important use cases including data protection, data governance, zero trust, compliance, data privacy, classification and threat detection and response. Varonis started operations in 2005 and has customers spanning leading firms in the financial services, public, healthcare, industrial, insurance, energy and utilities, technology, consumer and retail, media and entertainment and education sectors.

For media inquiries please contact:

Investor Relations Contact:
James Arestia
Varonis Systems, Inc.
646-640-2149
investors@varonis.com 

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
pr@varonis.com 

Alison Nulty
Regional Communications Executive
IDA Ireland
alison.nulty@ida.ie 
087 349 2590

FAQ

What new office did Varonis Systems open?

Varonis Systems opened a new office at Penrose Dock in Cork City, Ireland.

How many jobs will Varonis create in Cork?

Varonis is expected to create approximately 60 new jobs in Cork over the next three years.

What is Varonis Systems known for?

Varonis Systems is recognized for its focus on data security and analytics, protecting sensitive enterprise data.

What is the significance of the Cork expansion for Varonis?

The expansion in Cork demonstrates Varonis' growth strategy and commitment to serving European customers.

When was Varonis Systems founded?

Varonis Systems was founded in 2005.