Varonis

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, USMap
Websitevaronis.com
Employee Ratings4More
Overall CultureA+More
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Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)1,574(+5%)
Revenue (FY, 2019)$254.2 M(-5%)
Share Price (Jan 2021)$172.8
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
Avenue de l'Arche
Show all (13)

Varonis Financials and Metrics

Varonis Revenue

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Varonis's revenue was reported to be $254.19 m in FY, 2019 which is a 6% decrease from the previous period.
USD

Revenue (Q3, 2020)

44.1m

Market capitalization (15-Jan-2021)

5.5b

Closing stock price (15-Jan-2021)

172.8

Cash (30-Sept-2020)

231.5m

EV

5.5b
Varonis's current market capitalization is $5.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

217.4m270.3m254.2m

Revenue growth, %

32%24%(6%)

Cost of goods sold

20.9m27.7m35.1m

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

56.7m48.7m68.9m

Accounts Receivable

75.6m83.2m75.1m

Prepaid Expenses

7.1m17.0m13.0m

Current Assets

219.3m259.1m208.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

70.8m73.6m67.9m64.5m69.2m53.0m77.5m240.0m231.5m

Accounts Receivable

32.5m41.4m52.9m41.8m45.6m51.9m38.3m48.8m60.1m

Prepaid Expenses

18.9m16.9m14.7m14.9m15.2m15.1m12.8m15.6m15.5m

Current Assets

205.1m217.0m225.7m220.3m207.1m198.3m177.3m390.4m401.1m
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

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

Depreciation and Amortization

3.3m4.2m6.3m

Accounts Payable

(653.0k)2.0m(1.6m)

Cash From Operating Activities

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

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

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

Revenue/Employee

182.3k

Financial Leverage

2.3 x

P/E Ratio

(97.1)
Show all financial metrics

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 k5.50 k5.75 k5.95 k6.25 k6 k6.20 k6.35 k6.60 k6.70 k6.80 k6.90 k7.10 k

Countries

70 70 75 75 75 75 75 75 80 80 80 80 80 80 80

Patents (Foreign)

10 10 13 15 18 20 22 23 26 26 34 34 35 35 38

Patents (US)

34 39 43 50 52 53 56 61 63 67 67 68 69 70 72
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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

86/100

Learn more about our premium products
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Varonis Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Varonis Online and Social Media Presence

Varonis's Trends

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Varonis Company Culture

  • Overall Culture

    A+

    87/100

  • CEO Rating

    A+

    86/100

  • Compensation

    A

    84/100

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Varonis News and Updates

January 15, 2021

Varonis Data Security Platform Receives 2020 Cyber Catalyst Designation

Varonis Data Security Platform selected for its ability to combat ransomware while providing "wider utility and applicability in addressing other types of cyber risk" Varonis Data Security Platform selected for its ability to combat ransomware while providing "wider utility and applicability in addr…
November 19, 2020

Sensitive Data Discovery Software Market New Opportunities with Software Developments by 2027 - Spirion, LLC., TABLEAU SOFTWARE, LLC, Varonis, Zoho Corp

According to the latest report added by The Insight Partners on “Sensitive Data Discovery Software Market” to its store is providing analysis of the current and future competition in the market with insightful review of the key industry drivers, opportunities, barriers and challenges by 2027 Posted…
October 22, 2020

Varonis at NetApp INSIGHT 2020: Learn How to Protect Your Hybrid Cloud from Evolving Ransomware Threats

NEW YORK, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, welcomes attendees to NetApp INSIGHT for the Americas, APAC, and EMEA. The virtual events will be held on October 26-27 (Americas), October 28 (APAC), and October 29 (EMEA).
May 01, 2018

Varonis Systems' (VRNS) CEO Yaki Faitelson on Q1 2018 Results - Earnings Call Transcript

 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 $254.2 m.

  • What is Varonis revenue per employee?

    Latest Varonis revenue per employee is $161.5 k.

  • Who are Varonis competitors?

    Competitors of Varonis include PHEMI Systems, Quest Software and Collibra.

  • 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.