Varonis Completes Q3 Crossing 100th Customer Milestone

Growing Adoption of Award-winning Solutions Demonstrates Broad Market Need for Data Governance

NEW YORK - Oct. 9, 2007 - Varonis Systems Inc. (http://www.varonis.com), the foremost innovator and provider of comprehensive, actionable data governance software, today announced that in Q3 2007 the company vastly expanded its customer base, forged valuable new business relationships, delivered two product updates and earned recognition from industry experts. Varonis attributes its success to the growing recognition by enterprises that automating access control to unstructured data is a vital business imperative.

"Organizations are challenged to get a handle on their burgeoning network shares,&quo; said Brian Babineau, senior analyst for intelligent information management solutions at the Enterprise Strategy Group. &quo;Varonis has developed innovative software that actually does the heavy lifting for IT operations people, so that they don’t have to keep track of which users have legitimate business needs to which data. In the very near future, given the pace of unstructured data growth, automation of this sort will be the only efficient way to keep access permissions current."

Varonis software for actualizing data governance gives organizations total visibility and control over their unstructured data, which includes documents, spreadsheets, images, media files and presentations. Varonis solutions are being installed across all industries, and the company has continued to see significant growth and momentum. Now with more than 100 customers worldwide, Varonis has further asserted its leadership in the data governance market.

"As a Pulitzer Prize winning media outlet, naturally data is our business. Protecting important information is a primary responsibility to our subscribers, advertisers, content contributors and employees," said Brian Brown, Sr. Network Systems Engineer of the San Diego Union-Tribune. "Despite the highly dynamic nature of our business, Varonis helps us keep access to data synchronized with changing business needs and organizational changes. DatAdvantage helps the IT department understand data security risks and enables business users in our organization to better mitigate those risks day to day."

In addition to growing its customer base in Q3, Varonis:

  • Joined the IBM Data Governance Council. The council focuses on developing a "blueprint" of common solutions for challenges that apply to security, privacy, trust and corporate compliance.
  • Received a 2007 Innovation Award from Morgan Stanley, recognizing Varonis for adding measurable value and efficiency to the overall marketplace.
  • Was awarded the DM Review 2007 Innovative Solution Award in the enterprise content management category for customer Condé Nast’s implementation of its DatAdvantage software.
  • Was named a "Top 10 Storage Startup to Watch" by Byte & Switch.
  • Released the 3.0 version of its DatAdvantage software. DatAdvantage monitors data use and access patterns, giving IT administrators the recommendations and means to eliminate overly permissive or unwarranted access without impacting server performance.
  • Introduced DataPrivilege 2.5 for managing data entitlements. The solution enables data owners within an organization to respond to and address all aspects of user access requests to business information without involving the IT department, infrastructure changes or business disruption.

"Companies are beginning to understand that data governance is the cornerstone of any data management and security program," said Yaki Faitelson, president, CEO and co-founder of Varonis. "Any effort to define and control access to important data must start with an understanding of who owns and who has legitimate business need to access this information. Providing that insight is at the core of our technology and continued success."