OverviewSuggest Edit

Varonis Systems (VSI) is a company that specializes in data security and analytics. The company develops software that is focused on data protection, threat detection, and response and compliance. Its products enable enterprises to analyze data, account activity, and user behavior to detect attacks and protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, patients, and employees; financial records; strategic and product plans; and other intellectual property. Varonis Systems serves customers operating in the financial services, public, healthcare, industrial, insurance, energy and utilities, consumer and retail, technology, media and entertainment, and education sectors.

TypePublic
Founded2004
HQNew York, NY, US
Websitevaronis.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)1,574(+5%)
Job Openings151
Revenue (FY, 2020)$292.7 M(+16%)
Share Price (Jul 2021)$62(+2%)
Cybersecurity ratingBMore

Key People/Management at Varonis

Yaki Faitelson

Yaki Faitelson

Chief Executive Officer, President, Co-Founder and Chairman of the Board
Guy Melamed

Guy Melamed

Chief Financial Officer and Chief Operating Officer
David Bass

David Bass

Executive Vice President of Engineering and Chief Technology Officer
Fred van den Bosch

Fred van den Bosch

Director
Jim O'Boyle

Jim O'Boyle

Senior Vice President of Worldwide Sales
Gilad Gam

Gilad Gam

Vice President of Customer Experience
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Varonis Office Locations

Varonis has offices in New York, Morrisville, Portland, Reston and in 8 other locations
New York, NY, US (HQ)
1250 Broadway
Morrisville, NC, US
3300 Paramount Pkwy #300
Portland, OR, US
222 SW Columbia St 8th floor
Reston, VA, US
One Freedom Square, 11951 Freedom Drive, 13th Floor
Sydney, AU
Westpac Building, Level 1/60 Martin Pl
Courbevoie, FR
8-10 Avenue de l'Arche
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Varonis Financials and Metrics

Varonis Revenue

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Varonis's revenue was reported to be $292.69 m in FY, 2020
USD

Revenue (Q1, 2021)

74.8m

Gross profit (Q1, 2021)

61.3m

Gross profit margin (Q1, 2021), %

82%

Net income (Q1, 2021)

(35.7m)

EBIT (Q1, 2021)

(34.1m)

Market capitalization (22-Jul-2021)

6.6b

Closing stock price (22-Jul-2021)

62.0

Cash (31-Mar-2021)

753.6m

EV

5.9b
Varonis's current market capitalization is $6.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

217.4m270.3m254.2m292.7m

Revenue growth, %

32%24%(6%)

Cost of goods sold

20.9m27.7m35.1m44.3m

Gross profit

196.5m242.6m219.0m248.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

53.5m62.2m67.1m56.4m59.6m65.6m54.2m66.6m44.1m74.8m

Cost of goods sold

6.4m6.4m7.1m8.3m8.4m8.8m10.2m10.3m13.5m

Gross profit

47.1m55.8m60.0m48.0m51.2m56.9m44.0m56.2m61.3m

Gross profit Margin, %

88%90%89%85%86%87%81%84%82%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

56.7m48.7m68.9m234.1m

Accounts Receivable

75.6m83.2m75.1m94.2m

Prepaid Expenses

7.1m17.0m13.0m27.4m

Current Assets

219.3m259.1m208.6m419.8m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(13.7m)(28.6m)(78.8m)(94.0m)

Depreciation and Amortization

3.3m4.2m6.3m9.9m

Accounts Payable

(653.0k)2.0m(1.6m)(328.0k)

Cash From Operating Activities

16.4m23.5m(10.7m)(5.8m)
Quarterly
USDQ1, 2018Q3, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(15.0m)(27.7m)(35.0m)(22.6m)(47.1m)(64.1m)(31.4m)(55.8m)(75.0m)(35.7m)

Depreciation and Amortization

797.0k1.6m2.5m1.3m2.8m4.3m2.1m4.2m7.3m2.3m

Accounts Payable

(152.0k)1.3m2.5m(2.0m)(321.0k)379.0k(174.0k)(469.0k)(379.0k)(213.0k)

Cash From Operating Activities

17.4m20.4m16.3m14.1m3.0m(10.7m)3.9m(10.8m)(13.5m)20.4m
USDFY, 2017

Revenue/Employee

182.3k

Financial Leverage

2.3 x
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Varonis Operating Metrics

Varonis's Enterprise Customers was reported to be 7.1 k in FY, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Enterprise Customers

5.35 k5.5 k5.75 k5.95 k6.25 k6 k6.2 k6.35 k6.6 k6.7 k6.8 k6.9 k7.1 k

Countries

707075757575757580808080808080

Patents (Foreign)

101013151820222326263434353538

Patents (US)

343943505253566163676768697072
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Varonis Acquisitions / Subsidiaries

Company NameDateDeal Size
Varonis France SAS
Varonis Systems (Australia) Pty Ltd
Varonis Systems Corp.
Varonis Systems (Deutschland) GmbH
Varonis Systems (Ireland) Limited
Varonis Systems Ltd.
Varonis Systems (Luxemburg) S.à r.l.
Varonis Systems (Netherlands) B.V.
Varonis (UK) Limited
Varonis U.S. Public Sector LLC

Varonis Revenue Breakdown

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Varonis revenue breakdown by business segment: 53.3% from Maintenance and services, 16.6% from Perpetual licenses and 30.2% from Subscriptions

Varonis revenue breakdown by geographic segment: 27.6% from EMEA , 68.7% from United States and 3.7% from Other

Varonis Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Varonis Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Varonis Online and Social Media Presence

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Varonis Company Culture

  • Overall Culture

    A+

    87/100

  • CEO Rating

    A+

    86/100

  • Compensation

    A+

    84/100

Learn more on Comparably

Varonis News and Updates

Varonis at Black Hat 2021: Watch a Ransomware Attack Unfold and Learn How to Limit Your Blast Radius

Join Gold Sponsor Varonis in Las Vegas or virtually to find out how to slash the damage attackers can do Join Gold Sponsor Varonis in Las Vegas or virtually to find out how to slash the damage attackers can do

Varonis Supports DoD Zero Trust Initiative at DreamPort Cyber Innovation Facility

The Varonis Data Security Platform has been selected for testing and validation in Native Zero Trust Cloud test environment The Varonis Data Security Platform has been selected for testing and validation in Native Zero Trust Cloud test environment

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

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 …

Varonis Introduces DatAdvantage Cloud to Bring Data-Centric Security to Additional Mission-Critical Cloud Services

Varonis adds support for AWS, Box, GitHub, Google Drive, Jira, Okta, Salesforce, Slack, and Zoom Varonis adds support for AWS, Box, GitHub, Google Drive, Jira, Okta, Salesforce, Slack, and Zoom

Zscaler and Varonis Systems are among the top 7 cybersecurity stocks this earnings season, Wedbush says (VRNS, ZS, TLS, SAIL, TENB, PANW, FTNT)

Summary List PlacementZscaler and Varonis Systems are among Wedbush Securities' top 7 cybersecurity stocks heading into what the investment firm believes will be a "strong" earnings season for the sector. In a note to clients on Sunday, analyst Dan Ives and his team said they're expecting a robust…

Varonis Announces Support for Microsoft's Government Community Cloud

Varonis is available to federal customers leveraging GCC/IL2 and GCC High/IL4 Varonis is available to federal customers leveraging GCC/IL2 and GCC High/IL4
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Varonis Frequently Asked Questions

  • When was Varonis founded?

    Varonis was founded in 2004.

  • Who are Varonis key executives?

    Varonis's key executives are Yaki Faitelson, Guy Melamed and David Bass.

  • How many employees does Varonis have?

    Varonis has 1,574 employees.

  • What is Varonis revenue?

    Latest Varonis annual revenue is $292.7 m.

  • What is Varonis revenue per employee?

    Latest Varonis revenue per employee is $186 k.

  • Who are Varonis competitors?

    Competitors of Varonis include QlikTech Germany, PHEMI Systems and Quest Software.

  • Where is Varonis headquarters?

    Varonis headquarters is located at 1250 Broadway, New York.

  • Where are Varonis offices?

    Varonis has offices in New York, Morrisville, Portland, Reston and in 8 other locations.

  • How many offices does Varonis have?

    Varonis has 13 offices.