Varonis Systems

Varonis provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Varonis specializes in human-generated data, a type of unstructured data that includes an enterprise's spreadsheets, word processing documents, presentations, audio files, video files, emails, text messages and any other data created by employees. This data often contains an enterprise's financial information, product plans, strategic initiatives, intellectual property and numerous other forms of vital information.

IT and business personnel deploy Varonis software for a variety of use cases, including data governance, data security, archiving, file synchronization, enhanced mobile data accessibility and information collaboration. As of December 31, 2013, Varonis had approximately 2,400 customers, spanning leading firms in the financial services, public, healthcare, energy & utilities, industrial, technology, consumer and retail, education and media & entertainment sectors.

Company Growth (employees)
Type
Public
HQ
New York, US
Size (employees)
1,098 (est)+16%
Varonis Systems is headquartered in New York, US

Key People at Varonis Systems

Yaki Faitelson

Yaki Faitelson

CEO, President, and Co-Founder
Ohad Korkus

Ohad Korkus

CTO and Co-Founder
Fred van den Bosch

Fred van den Bosch

Board Member
Jim O'Boyle

Jim O'Boyle

Sr. Vice President of Worldwide Sales

Varonis Systems Office Locations

Varonis Systems has offices in New York, Morrisville, Portland, Puteaux and in 3 other locations
New York, US (HQ)
1250 Broadway
Haifa, IL
7 Arie Shenkar St. Gav Yam Bldg 2 Herzliya, 46733
München Flughafen, DE
18 Terminalstraße Mitte
London, GB
Golden Cross House 8 Duncannon Street
Puteaux, FR
13 15 Rue Jean Jaures (1er Etage)
Portland, US
300 Hamilton Building 529 Sw 3rd Ave
Morrisville, US
2100 Gateway Centre Blvd

Varonis Systems Data and Metrics

Varonis Systems Financial Metrics

Varonis Systems's revenue was reported to be $164.5 m in FY, 2016 which is a 29% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

164.5 m

Revenue growth (FY, 2015 - FY, 2016), %

29%

Gross profit (FY, 2016)

148.6 m

Gross profit margin (FY, 2016), %

90%

Net income (FY, 2016)

(17.7 m)

EBIT (FY, 2016)

(15.7 m)

Market capitalization (24-May-2017)

997.5 m

Closing share price (24-May-2017)

36.6

Cash (31-Dec-2016)

48.3 m
Varonis Systems's current market capitalization is $997.5 m.
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Revenue

101.3 m127.2 m164.5 m

Revenue growth, %

26%29%

Cost of goods sold

9.9 m12 m15.8 m

Gross profit

91.4 m115.2 m148.6 m

Gross profit Margin, %

90%91%90%

Sales and marketing expense

68.8 m86.4 m107.8 m

R&D expense

28.1 m31.8 m36.7 m

General and administrative expense

11.9 m16.1 m19.8 m

Operating expense total

108.7 m134.3 m164.3 m

EBIT

(17.3 m)(19.1 m)(15.7 m)

EBIT margin, %

(17%)(15%)(10%)

Pre tax profit

(19 m)(20.6 m)(16.6 m)

Income tax expense

(376 k)(686 k)(1.1 m)

Net Income

(19.4 m)(21.3 m)(17.7 m)
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Cash

76.6 m49.2 m48.3 m

Accounts Receivable

31.3 m

Inventories

3 m2.6 m3.7 m

Current Assets

152.5 m156.4 m171.3 m

PP&E

4 m8.3 m9.9 m

Total Assets

156.8 m165.1 m181.8 m

Accounts Payable

2.7 m2.6 m1.3 m

Current Liabilities

53.2 m71.3 m88.2 m

Non-Current Liabilities

8.6 m10.2 m10.9 m

Total Liabilities

61.8 m81.6 m99.1 m

Additional Paid-in Capital

162.5 m172.3 m189.3 m

Retained Earnings

(67.2 m)(88.4 m)(106.1 m)

Total Equity

95 m83.6 m82.7 m

Financial Leverage

1.7 x2 x2.2 x
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

(19.4 m)(21.3 m)(17.7 m)

Depreciation and Amortization

1.3 m1.6 m2.2 m

Accounts Receivable

3 m(838.3 k)

Inventories

19 k796 k(1 m)

Accounts Payable

540 k(91 k)(1.3 m)

Cash From Operating Activities

67 m(27.4 m)7.3 m

Purchases of PP&E

(2.3 m)(4.5 m)(3.8 m)

Cash From Investing Activities

(32.8 m)(26.7 m)(12.3 m)

Cash From Financing Activities

106.9 m2.1 m4.1 m

Income Taxes Paid

304 k354 k246 k
Y, 2016

Financial Leverage

2.2 x

Varonis Systems Market Value History

Varonis Systems Online and Social Media Presence

Varonis Systems News and Updates

Varonis Systems Company Life and Culture

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