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Varonis Achieves Its Fourth Consecutive Year of Record Growth in 2009

Company Doubles Installed Base and Product Offerings While Adding Customers Globally From Every Business Vertical and Size

NEW YORK - January 27, 2010 - Varonis Systems Inc. (www.varonis.com), the leading innovator and provider of comprehensive data governance software, announced today it has doubled its customer base in 2009 to 600-plus customers while growing product installations globally to over 1600.

"We're pleased to see our significant investments in R&D continue to yield strong results in 2009. With our new SharePoint and Data Classification Framework product offerings, as well as our expanded features for Windows and UNIX platforms, we continue to offer unique, first-to-market unstructured and semi-structured data protection and management software solutions," said Yaki Faitelson, Chief Executive Officer, President and Co-founder for Varonis. "In addition to our rapid global growth through new customer acquisitions, our belief that our installed base would respond positively to our expanded product offerings has been validated as we continue to see extraordinary adoption of these new products by our customers."

"We started with DatAdvantage for Windows over a year ago and now also use DatAdvantage for UNIX and the Data Classification Framework," said James Raub, Senior Director, IT Security and Compliance for PAETEC. "We like the fact that Varonis products support our heterogeneous environment and give us the ability to quickly find critical content and link it with who has access to it - enabling us to focus on the biggest risk areas."

By providing our customers with the ability to completely standardize unstructured and semi-structured data protection and management on their File Systems, NAS and SharePoint Sites with the Varonis framework, businesses now have unprecedented visibility and control over this data. From mid-tier businesses to government agencies and global enterprises, Varonis customers immediately see where their critical data resides, who owns it, who has access to it, who is accessing it, and then take action through quick revocation of excessive access controls and simplified data management processes.

"Varonis has revolutionized how we deal with securing permissions," said David Louie, Director of Information Technology Services for Charles River Associates. "Before Varonis, it wasn't feasible to have an administrator manually check each folder's permission one by one. We have gone from not being able to practically address critical access issues to being able to proactively address issues before they arise."

Varonis will continue its momentum into 2010 with upcoming new products releases and product feature updates, a new professional services group, growth of our operations in North America, Europe, the Middle East, as well as an expansion into Latin America, Asia and the Pacific.

2009 Results

  • 600-plus customers - Varonis added 300 new customers in 2009
  • 1600-plus active installations worldwide
  • 70%+ year-over-year annual revenue growth
  • Release of Varonis® DatAdvantage® and DataPrivilege v5.0 enabling simplified Data Governance with enhanced interoperability, data protection and entitlement management
  • Release of Varonis® DatAdvantage® for SharePoint enabling total visibility into SharePoint permissions and data access, recommendations for whose access should be revoked and scalable auditing across multiple sites without impacting performance
  • Release of the Varonis Data Classification Framework which provides rapid time-to-value by quickly producing actionable data classification results. Using a unique set of meta-data to accelerate the classification process and deliver ongoing operational savings, this highly scalable solution meets the needs of organizations of all sizes. The Varonis Data Classification Framework enables critical data to be identified 90% faster than with traditional data classification products. The Varonis Data Classification Framework includes its own data classification engine that can search for keywords, phrases and regular expressions, offering organizations a complete solution. It can also integrate with data classification engines that are already in place, providing end users the flexibility to easily incorporate Varonis into their existing environment.

About Varonis Systems

Varonis is the leader in unstructured data governance. Voted one of the "Fast 50 Reader Favorites of 2008" on FastCompany.com and named a 2009 "Cool Vendor" in Risk Management and Compliance by Gartner, the company has more than 1600 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.

Varonis, the Varonis logo, DatAdvantage and DataPrivilege are 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.