OverviewSuggest Edit

Varonis Systems is a company that specializes in data security and analytics. It develops software that is focused on data protection, threat detection, response and compliance, data, account activity, and user behavior analytics. The company serves customers operating in the finance, healthcare, government, education, manufacturing, consumer, retail, technology, media, and energy sectors.
TypePublic
Founded2005
HQNew York, NY, US
Websitevaronis.com
Employee Ratings4.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)2,065(+21%)
Job Openings192
Revenue (FY, 2021)$390.1 M(+34%)
Share Price (May 2022)$30.6(-4%)
Cybersecurity ratingBMore
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Key People/Management at Varonis

Yaki Faitelson

Yaki Faitelson

CEO, President, Co-Founder & Chairman of the Board
Guy Melamed

Guy Melamed

CFO & COO
Gilad Raz

Gilad Raz

CIO & VP of Technical Services
Rob Sobers

Rob Sobers

CMO
Dana Shahar

Dana Shahar

Chief Human Resources Officer
David Gibson

David Gibson

Senior VP of Strategic Programs
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Varonis Office Locations

Varonis has offices in New York, Morrisville, Portland, Reston and in 9 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
11921 Freedom Dr
Scottsdale, AZ, US
4343 N Scottsdale Rd Suite 150
Melbourne, AU
level 7/276 Flinders St
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Varonis Financials and Metrics

Varonis Revenue

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Varonis's revenue was reported to be $390.13 m in FY, 2021 which is a 33.3% increase from the previous period.
USD

Revenue (Q1, 2022)

96.3m

Gross profit (Q1, 2022)

78.5m

Gross profit margin (Q1, 2022), %

81.5%

Net income (Q1, 2022)

(48.8m)

EBIT (Q1, 2022)

(48.1m)

Market capitalization (16-May-2022)

3.5b

Closing stock price (16-May-2022)

30.6

Cash (31-Mar-2022)

775.7m

EV

3.0b
Varonis's current market capitalization is $3.5 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

254.2m292.7m390.1m

Revenue growth, %

(6%)15%33%

Cost of goods sold

35.1m44.3m59.4m

Gross profit

219.0m248.4m330.7m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

54.2m66.6m76.8m74.8m88.4m100.4m96.3m

Cost of goods sold

10.2m10.3m11.3m13.5m14.2m14.3m17.8m

Gross profit

44.0m56.2m65.5m61.3m74.2m86.0m78.5m

Gross profit Margin, %

81%84%85%82%84%86%81%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

68.9m234.1m805.8m

Accounts Receivable

75.1m94.2m117.2m

Prepaid Expenses

13.0m27.4m34.4m

Current Assets

208.6m419.8m959.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

77.5m240.0m231.5m753.6m781.4m803.1m775.7m

Accounts Receivable

38.3m48.8m60.1m51.3m60.1m71.4m63.6m

Prepaid Expenses

12.8m15.6m15.5m24.6m23.1m26.7m35.8m

Current Assets

177.3m390.4m401.1m899.8m897.0m911.5m903.5m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(78.8m)(94.0m)(116.9m)

Depreciation and Amortization

6.3m27.1m31.9m

Accounts Payable

(1.6m)(328.0k)4.5m

Cash From Operating Activities

(10.7m)(5.8m)7.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(31.4m)(55.8m)(75.0m)(35.7m)(68.6m)(91.9m)(48.8m)

Depreciation and Amortization

2.1m4.2m26.5m8.2m16.9m24.9m9.2m

Accounts Payable

(174.0k)(469.0k)(379.0k)(213.0k)2.3m2.6m(553.0k)

Cash From Operating Activities

3.9m(10.8m)(13.5m)20.4m11.1m6.8m24.5m
USDFY, 2019

EV/EBIT

-30.8 x

EV/CFO

-219.4 x

Revenue/Employee

170.1k

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

3.4 x

P/E Ratio

(29.9)
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Varonis Operating Metrics

Varonis's Enterprise Customers was reported to be 7.1 k in FY, 2019.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Enterprise Customers

6.6 k6.7 k6.8 k6.9 k7.1 k

Countries

808080808080808585858585

Patents (Foreign)

262634343535384041434546

Patents (US)

636767686970727474767778
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Varonis Acquisitions / Subsidiaries

Company NameDateDeal Size
PolyrizeOctober 26, 2020
Polyrize, Inc.
Polyrize Security Ltd.
Varonis France SAS
Varonis Singapore PTE. LTD.
Varonis Systems (Australia) Pty Ltd
Varonis Systems Corp.
Varonis Systems (Deutschland) GmbH
Varonis Systems (Ireland) Limited
Varonis Systems Ltd.
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Varonis Revenue Breakdown

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Varonis revenue breakdown by business segment: 30.6% from Maintenance and services, 68.9% from Subscriptions and 0.5% from Other

Varonis revenue breakdown by geographic segment: 26.1% from EMEA , 71.5% from North America and 2.4% from Other

Varonis Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

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+

    83/100

  • CEO Rating

    A+

    86/100

  • Compensation

    A

    81/100

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Varonis News and Updates

Varonis Announces Trailblazing Features for Securing Sensitive Data in Salesforce

New capabilities identify excessive permissions and misconfigurations, classify sensitive data in files and attachments, and detect data exfiltration attempts New capabilities identify excessive permissions and misconfigurations, classify sensitive data in files and attachments, and detect data exfi…

Varonis Announces Date of First Quarter 2022 Financial Results

NEW YORK, April 11, 2022 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announced that it will report its first quarter 2022 financial results following the close of the U.S. financial markets Monday, May 2, 2022.

Varonis to Present at Upcoming March Investor Conferences

NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announced its participation at the following upcoming conferences:

Varonis Recognizes Top Channel Partners for Advancing Data-First Security

Varonis' annual channel awards celebrate partners for protecting the world's most valuable and vulnerable data NEW YORK, Feb. 22, 2022 (GLOBE NEWSWIRE) - Varonis Systems, Inc. (NASDAQ: VRNS), a pioneer in data security and analytics, is pleased to congratulate the winners of its annual Partners in …

Varonis to Host Inaugural Data-First Forum: A Virtual Event for CISOs & Security Professionals

Join this interactive panel to hear insights on improving data security from an ethical hacker, a pentester, and a CISO Join this interactive panel to hear insights on improving data security from an ethical hacker, a pentester, and a CISO

Varonis to Host Inaugural Data-First Forum: A Virtual Event for CISOs & Security Professionals

Join this interactive panel to hear insights on improving data security from an ethical hacker, a pentester, and a CISO NEW YORK, Feb. 08, 2022 (GLOBE NEWSWIRE) - Varonis Systems, Inc. (Nasdaq: VRNS) invites cybersecurity professionals to its inaugural Data-First Forum virtual event, The Hackers Th…
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Varonis Blogs

SecurityRWD – Getting Started With Salesforce Entitlements

Trying to navigate Salesforce entitlements can be a daunting task, but Kilian Englert and Ryan O'Boyle from the Varonis Cloud Architecture team dive into the Salesforce interface, cover the basics of navigation, and share what to look for when performing a manual Salesforce entitlement revi…

Spoofing SaaS Vanity URLs for Social Engineering Attacks

Many SaaS applications offer what’s known as vanity URLs — customizable web addresses for landing pages, file-sharing links, etc. Vanity URLs allow you to create a personalized link that looks like this:

Bad Rabbit Ransomware

What is Bad Rabbit ransomware? Bad Rabbit is ransomware belonging to the Petya family of ransomware that hit over 200 organizations throughout Eastern Europe in October of 2017. Targets were primarily Russian media agencies however various corporate networks throughout Russia, Eastern Euro…

Varonis Debuts Trailblazing Features for Securing Salesforce

As the market’s leading CRM, Salesforce houses some of your organization’s most valuable data — whether that’s customer and prospect information, contracts, or support cases. But what many security teams don’t realize is the depth and breadth at which Salesforce acquires and houses infor…

SecurityRWD - Salesforce as a file server? You bet.

Did you know Salesforce isn't limited to just, well, sales? This leading CRM platform can function as a data repository for critical industries ranging from healthcare to finance. Listen in as Kilian Englert and Ryan O'Boyle from the Varonis Cloud Architecture team share their reasoning…

Hive Ransomware Analysis

During a recent engagement with a customer, the Varonis Forensics Team investigated a ransomware incident. Multiple devices and file servers were compromised and encrypted by a malicious threat group known as Hive.
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Varonis Frequently Asked Questions

  • When was Varonis founded?

    Varonis was founded in 2005.

  • Who are Varonis key executives?

    Varonis's key executives are Yaki Faitelson, Guy Melamed and Gilad Raz.

  • How many employees does Varonis have?

    Varonis has 2,065 employees.

  • What is Varonis revenue?

    Latest Varonis annual revenue is $390.1 m.

  • What is Varonis revenue per employee?

    Latest Varonis revenue per employee is $188.9 k.

  • Who are Varonis competitors?

    Competitors of Varonis include Optiv, QlikTech Germany and PHEMI Systems.

  • 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 9 other locations.

  • How many offices does Varonis have?

    Varonis has 13 offices.