Varonis

#4212

Rank

$2.72B

Marketcap

United States

Country

Leadership team

Mr. Yakov Faitelson (Co-Founder, Chairman, CEO & Pres)

Mr. Ohad Korkus (Co-Founder & Independent Director)

Mr. Guy Melamed (CFO & COO)

Products/ Services

Analytics, Big Data, Government, Health Care, Software

Number of Employees

1,000 - 20,000

Headquarters

New York, New York, United States

Established

2005

Company Registration

SEC CIK number: 0001361113

Revenue

100M - 500M

Traded as

VRNS

Social Media

URL

https://www.varonis.com

Overview

Location

Recognition and Award

References

Summary

Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; strategic and product plans; and other intellectual property. The company offers DatAdvantage that captures, aggregates, normalizes, and analyzes every data access event for users on Windows and UNIX/Linux servers, storage devices, email systems, Intranet servers, cloud applications, and data stores; and DatAlert that profiles users, devices, and their behaviors related to systems and data, detects and alerts on deviations that indicate compromise, and provides a Web-based dashboard and investigative interface. It also provides Data Classification Engine that identifies and tags data based on criteria set in various metadata dimensions, as well as provides business and information technology (IT) personnel with actionable intelligence about data; and DataPrivilege, which offers a self-service Web portal that allows users to request access to data necessary for their business functions, and owners to grant access without IT intervention. In addition, the company provides Data Transport Engine, which provides an execution engine that unifies the manipulation of data and metadata, translating business decisions, and instructions into technical commands, such as data migration or archiving; and DatAnswers that offers search functionality for enterprise data. Varonis Systems, Inc. sells products and services through a network of distributors and resellers. The company serves IT, security, and business personnel. Varonis Systems, Inc. was incorporated in 2004 and is headquartered in New York, New York.

History

Varonis Systems was founded in 2005 by Yaki Faitelson and Ohad Korkus, in order to address security issues such as file activity tracking, information rights management, and access control. Prior to Varonis, Faitelson and Korkus worked at the global professional services and systems integration divisions of NetVision and NetApp.Faitelson and Korkus invented a solution that would retrieve metadata contained in file systems. They brought in Dr. Jacob Goldberger, an expert in statistical modeling and machine learning, to help develop the algorithms that would provide the user-data link. In 2005, Faitelson, Goldberger, and Korkus filed a patent, “Automatic management of storage access control", which was granted in 2006. The result of their work was the Intelligent Data Use classification platform, a platform for gathering and analyzing file data use. The first product based on this platform, DatAdvantage, was released in 2006 - built so that enterprises can monitor file activity and user behavior, and manage data ownership, data access rights, and responsibilities of file system data.Varonis continued with core platform development. In 2009, Varonis added the IDU Classification Framework, which allowed Varonis products to search for keywords, phrases and patterns from file content. In 2013, Varonis released DatAlert to detect and uncover insider threats and potential data breaches, notifying and alerting on suspicious file system activity including unusual access to sensitive data and changes to permissions and configuration files.Varonis raised capital from Accel Partners, Evergreen Venture Partners, Gitano Venture Capital, and EMC.

Mission

Say goodbye to point solutions and expensive games of security whack-a-mole. Our unified data security platform is engineered from the ground up to protect your data from insider threats and cyberattacks.

Vision

At Varonis, we believe that access to data should be governed by permission-based policies. We envision a world where organizations have the visibility, context, and insight to eliminate unnecessary access and create secure, efficient data environments.

Key Team

Mr. Gilad Raz (Chief Information Officer & VP of Technical Services)

Mr. James O'Boyle (Sr. VP of Worldwide Sales)

Mr. Dov Gottlieb (VP, Gen. Counsel & Corp. Sec.)

Mr. Rob Sobers (Chief Marketing Officer)

Ms. Dana Shahar-Gara (Chief HR Officer)

Mr. David Bass (Exec. VP of Engineering & CTO)

Mr. Tim Perz CPA (Mang. of Investor Relations)

Recognition and Awards

Varonis has won many awards including Gartner’s 2020 Magic Quadrant for Insider Threat Management, 2020’s SC Magazine award for Best Data Security, and CRN’s 2020 Tech Innovator Award for Data Security Solutions.