Varonis Receives 2007 Morgan Stanley Innovation Award for DatAdvantage™ Data Governance Software
Demand for data governance solutions drives continued customer growth, new product development and expansion
NEW YORK - July 2, 2007 - Varonis Systems Inc. (http://www.varonis.com), the foremost innovator and provider of comprehensive, actionable data governance solutions, today announced that it received a 2007 Innovation Award from Morgan Stanley at the firm’s Seventh Annual CTO Summit. Varonis Systems makes software that bridges the user-to-data divide, giving full visibility and control over how unstructured data is used and by whom.
"We are extremely pleased to give our Innovation Award to Varonis," said Mike Ackerman, Morgan Stanley’s head of Security Solutions. "Varonis’ unique products help us to understand our data security risks and enable our business users to better manage those risks. Their innovative technology is a key component in our strategy to manage and control access to unstructured data."
The CTO Summit is designed to identify influential technology companies, as well as to recognize technologies that have added measurable value and efficiency to the overall marketplace, and have enabled Morgan Stanley to continue to leverage innovative technology in its own environment.
"Varonis is honored to accept this accolade for innovation from Morgan Stanley," said Yaki Faitelson, president, CEO and co-founder of Varonis. "Data environments like Morgan Stanley’s are the most rigorous vetting ground for technology effectiveness and scale. Meeting their needs has helped us bring the value of our comprehensive data governance solutions to customers in all verticals worldwide."
The Innovation Awards are presented at Morgan Stanley’s CTO Summit, the event through which the winning companies are identified and selected. The rigorous selection process begins with recommendations from top-tier venture capitalists, and culminates with the evaluation and acceptance of the company’s offerings by Morgan Stanley IT.
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.