Varonis Systems, Inc. (VRNS) Bundle
A Brief History of Varonis Systems, Inc. (VRNS)
Company Overview
Varonis Systems, Inc. was founded in 2005 and is headquartered in New York City. The company specializes in enterprise data security and analytics software.
| Ticker Symbol | VRNS |
|---|---|
| Founded | 2005 |
| Headquarters | New York City, NY |
| Market Cap (as of 2024) | $3.42 billion |
Financial Performance
Recent financial metrics for Varonis Systems:
| Annual Revenue (2023) | $581.7 million |
|---|---|
| Net Income (2023) | $42.3 million |
| Gross Margin | 83% |
Product Portfolio
- Varonis Data Security Platform
- DatAdvantage
- DataPrivilege
- DatAlert
- Cloud Data Security
Market Position
Varonis is recognized as a leader in data security and compliance solutions.
| Global Customers | Over 7,500 |
|---|---|
| Fortune 1000 Customers | More than 40% |
Stock Performance
| Stock Price (February 2024) | $48.75 |
|---|---|
| 52-Week Range | $35.12 - $52.67 |
Who Owns Varonis Systems, Inc. (VRNS)
Institutional Ownership
As of Q4 2023, institutional investors own approximately 82.4% of Varonis Systems, Inc. shares.
| Top Institutional Shareholders | Shares Owned | Percentage |
|---|---|---|
| Baillie Gifford & Co | 4,912,449 | 9.74% |
| Fidelity Management & Research | 3,845,757 | 7.62% |
| Vanguard Group Inc | 3,541,236 | 7.02% |
| BlackRock Inc. | 3,421,587 | 6.78% |
Insider Ownership
As of the latest filing, insider ownership stands at 7.2% of total shares.
- Taher Elgamal (Chief Technology Officer): 412,345 shares
- Yakov Faitelson (Co-Founder and CEO): 1,203,456 shares
- Other executives: 275,890 shares
Ownership Breakdown
Total outstanding shares: 50,426,789 shares
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 82.4% |
| Insider Ownership | 7.2% |
| Retail Investors | 10.4% |
Significant Shareholders
- Baillie Gifford & Co: Largest institutional shareholder
- Fidelity Management & Research: Second-largest institutional holder
- Yakov Faitelson: Largest individual shareholder
Varonis Systems, Inc. (VRNS) Mission Statement
Company Overview
Varonis Systems, Inc. is a cybersecurity software company headquartered in New York City. As of 2024, the company focuses on data security, governance, and compliance solutions.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Annual Revenue | $581.7 million |
| Net Income | $-73.1 million |
| Market Capitalization | $2.98 billion |
Core Mission Components
- Provide enterprise data security solutions
- Protect sensitive corporate data from unauthorized access
- Enable comprehensive data governance frameworks
- Deliver advanced threat detection capabilities
Product Offerings
| Product | Key Function |
|---|---|
| DatAdvantage | Data access governance |
| DataPrivilege | Permissions management |
| Metadata Framework | Comprehensive data classification |
Market Position
Ranked among top 10 global data security software providers with 4,500+ enterprise customers worldwide.
How Varonis Systems, Inc. (VRNS) Works
Company Overview
Varonis Systems, Inc. is a cybersecurity company headquartered in New York City. Founded in 2005, the company focuses on data security, governance, and compliance solutions.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $581.4 million |
| Net Income | $-54.2 million |
| Market Capitalization | $2.98 billion |
| Stock Price (as of January 2024) | $45.67 |
Product Offerings
- Data Security Platform
- Data Classification
- Threat Detection
- Compliance Monitoring
- Risk Management Solutions
Customer Base
Total Enterprise Customers: 7,405 as of Q4 2023
Technology Architecture
- Cloud-native data security platform
- AI-powered risk detection
- Machine learning anomaly detection
- Multi-platform integration capabilities
Market Segments
| Industry Vertical | Market Penetration |
|---|---|
| Financial Services | 32% of customer base |
| Healthcare | 18% of customer base |
| Government | 15% of customer base |
| Technology | 22% of customer base |
| Other Industries | 13% of customer base |
Research and Development
R&D Expenditure in 2023: $186.3 million
Global Presence
- Offices in United States
- Offices in United Kingdom
- Offices in Israel
- Sales presence in 30 countries
How Varonis Systems, Inc. (VRNS) Makes Money
Revenue Streams
Varonis Systems generates revenue through the following primary channels:
- Software license sales
- Subscription-based cloud services
- Professional services and support
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $523.4 million |
| Subscription Revenue | $398.6 million |
| Professional Services Revenue | $124.8 million |
| Annual Recurring Revenue (ARR) | $594.1 million |
Product Offerings
Data Security Platform Components:
- Data Classification
- Threat Detection
- Compliance Management
- Permission Automation
Customer Segments
Varonis targets enterprise customers across multiple industries:
- Financial Services
- Healthcare
- Government
- Technology
- Manufacturing
Pricing Model
| Pricing Tier | Approximate Annual Cost |
|---|---|
| Small Enterprise | $50,000 - $150,000 |
| Mid-Market | $150,000 - $500,000 |
| Large Enterprise | $500,000 - $2,000,000 |
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