Varonis Completes Another Record Quarter by Increasing Market Awareness and Broadening Installed Customer Base

Market Leaders Affirm Varonis' Approach to Unstructured Data Protection and Management

NEW YORK - Oct. 30, 2008 - Varonis Systems Inc. (http://www.varonis.com), the leading innovator and provider of comprehensive data governance software, today announced that with the close of Q3 2008 the company now boasts 300-plus customers including Royal DSM N.V. (DSM). Including evaluations, Varonis' software can be found in over 800 installations worldwide. This milestone represents phenomenal validation for the company and its two-product software suite which provides comprehensive control and protection of file share data like documents, spreadsheets, multi-media files and software code.

Part of the company's success has been the speed with which customers can derive value from the solution. The software installs seamlessly in most environments and delivers instant visibility into which users can access which data on the network. Within days of installation, customers have a more detailed picture of how employees are using their data permissions. Helping strengthen an organization's unstructured data security controls, Varonis also provides automated recommendations on which permissions should be revoked.

"Part of DSM's strategic vision is to maximize efficiency by applying innovation internally to streamline and optimize our processes and operations wherever possible," said Luc Dupuits, corporate information and communication technology security officer of DSM. "Varonis gives DSM the means to automate and expedite the foundation of DSM's data protection regime on local servers for auditing data use and managing authorizations. These are critical tasks for a company like DSM to perform daily given the vast amounts of intellectual property in our care."

"From small energy services firms to household names in pharmaceuticals, telecommunications, manufacturing and financial services, companies are discovering that dramatic risk reduction can mean equally dramatic cost savings," said Yaki Faitelson, chief executive officer, president and co-founder for Varonis. "Conducting data entitlement reviews, for instance, is now a must-do for most companies - our solution not only increases the accuracy of that effort but does so at 80 percent of the cost to conduct those reviews with current methods."

Third quarter results include:

  • 300-plus customers - Varonis adds 200 customers in the 12 months following Q3 2007
  • 800-plus active installations worldwide including evaluations
  • Launch of the Varonis Partner Program featuring authorized and premier tiers
  • Euronext 100 Life and Material Sciences leader DSM deploys full Varonis product suite for immediate data protection and long term entitlement management
  • Release of DatAdvantage v3.7 with enhancements to the administrative UI that expedite navigation as well as new out of box reports
  • Release of DataPrivilege v3.5 which includes wizards to expedite authorization requests and programmatic APIs to take advantage of data access requests via Web services
  • Availability of Varonis DatAdvantage for Unix and Linux file shares

 

About Varonis Systems
Varonis is the leading innovator and solution provider of comprehensive, actionable data governance solutions. Named a 2007 "Cool Vendor in Data Management and Integration" by Gartner, the company has more than 800 installations worldwide. Based on patent-pending technology and a highly accurate analytics engine, Varonis' solutions give organizations total visibility and control over their data, ensuring that only the right users have access to the right data at all times. Venture backed by Accel Partners, Evergreen Venture Partners and Pitango Venture Capital, the company has headquarters in New York, N.Y., with research and development offices in Hertzliya, Israel. For more information about the data governance market, please visit: http://del.icio.us/About_Data_Governance.

Varonis, the Varonis logo, DatAdvantage and DataPrivilege are trademarks or registered trademarks of Varonis Systems in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.