Varonis Closes Q2 2007 With 65 customers and New U.S. Headquarters
Demand for data governance solutions drives continued customer growth, new product development and expansion
NEW YORK - July 16, 2007 - Varonis Systems Inc. (http://www.varonis.com), the foremost innovator and provider of comprehensive, actionable data governance software, today announced that the company closed Q2 2007 with more than 65 customers and 200 installations, delivered two new product versions, and established expanded headquarters in the U.S. Varonis’ success evidences the current business need for technology that automates the process for determining data access controls and rightful use.
"Varonis’ success affirms our prediction that businesses will adopt risk-based governance for information management and analysis," said Rose Ryan, research analyst for IDC’s Security Products and Services. "Varonis has developed a comprehensive software tool that gives data-access management back to the data owner."
Varonis’ data governance software gives organizations total visibility and control over their unstructured data, which includes documents, spreadsheets, images, media files and presentations. Varonis solutions are being embraced across all industries, ranging from fine arts and to financial services. With more than 65 customers and 200 installations, new customers added this quarter include Massachusetts Financial Services, Sharp Healthcare and Children’s Hospital and Health System.
"Defining user permissions and auditing their use in accessing sensitive data were challenging tasks for us because the process had been manual, and the volume of unstructured data on our file servers is continually growing," said Chuck Klawans, information security officer for Children’s Hospital and Health System of Wisconsin. "Varonis’ data governance technology has helped our IT department reduce the likelihood of data misuse and ensure that access to key company information is very closely monitored. Since the permissions are verified automatically, we not only save time but we stay in step with data growth."
With a keen emphasis on performance and scale, Varonis introduced DatAdvantage version 2.7, software that monitors data use and access patterns and gives IT operations personnel the recommendations and means to eliminate overly permissive or unwarranted access. DatAdvantage can analyze vast amounts of file access events from hundreds of file servers without impact to server performance or network access.
Also this quarter, the company introduced DataPrivilege 2.0, a companion application that enables an organization’s business owners to manage data permissions and entitlements without involving the IT department, infrastructure changes or business disruption. DataPrivilege and DatAdvantage are built on the Varonis Intelligent Data Use (IDU) platform, and comprise the Varonis suite for comprehensive data governance.
"Companies understand that the first and fundamental step to protecting business assets is a comprehensive system for access control," said Yaki Faitelson, president, CEO and co-founder of Varonis. "The inherent and broad understanding of the data governance need has helped us sprint toward key milestones and company growth. We are therefore very pleased to announce our expanded worldwide headquarters."
Varonis established expanded corporate headquarters in downtown Manhattan at 499 7th Ave., New York, N.Y. 10018. The company maintains research and development operations in Hertzliya, Israel, and has regional offices in Silicon Valley and London, England.
About Varonis
Varonis is the foremost 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 200 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. More information can be found at http://www.varonis.com.