Three-Year Growth Rate of 138% Earns Deloitte Honor
Varonis Systems, Inc. (NASDAQ:VRNS), a leading provider of software solutions that protect data from insider threats and cyberattacks, today announced that it has been named in the 2016 Deloitte Technology Fast 500 list as one of the fastest-growing technology, media, telecommunications, life sciences and energy tech sector companies in North America. Propelled by its success in preventing inside and outside attackers from stealing and corrupting sensitive files and email traffic, Varonis had a three-year revenue growth rate of 138%, having grown from $53 million in 2012 revenues to $127 million in 2015 revenues.
Yaki Faitelson, Varonis Co-Founder and CEO, said, "More than a decade ago, we began to develop the technology that is now Varonis. We have pioneered, grown and developed a set of solutions for managing and protecting the most critical and sensitive data that organizations have, from the inside out. We are pleased to be recognized for the second year in a row by Deloitte. Cybersecurity is not just a trend; it’s a harsh reality every organization of every size faces on a constant basis. Our growth is a testament to the rising criticality of protecting data assets and to the thousands of Varonis customers who are thwarting insider threats and outside attacks before they cause damage.”
“Our personal and professional lives are shifting in response to new technologies and business models that are changing the way we work and live,” said Sandra Shirai, principal, Deloitte Consulting LLP and US Technology, Media, and Telecommunications leader. “The 2016 Technology Fast 500 winners are supporting this shift by creating experiences for their customers, surpassing expected possibilities and helping to envision even more effective and ingenious solutions.”
Awardees are selected for this honor based on percentage fiscal year revenue growth from 2012 to 2015. Overall, 2016 Technology Fast 500 companies achieved revenue growth ranging from 121% to 66,661% in the 2012 to 2015 timeframe, with a median growth of 290%.
To be eligible, a business must be at least four years old, have had at least $50,000 revenues in 2012 and at least $5 million revenues in 2015 with a three-year growth rate of 75% or higher, own proprietary technology that contributes to most of their revenues, and fall into one of eight technology categories defined by Deloitte.
Varonis is a leading provider of software solutions that protect data from insider threats and cyberattacks. Through an innovative software platform, Varonis allows organizations to analyze, secure, manage, and migrate their volumes of unstructured data. Varonis specializes in file and email systems that store valuable spreadsheets, word processing documents, presentations, audio and video files, emails, and text. This rapidly growing data often contains an enterprise's financial information, product plans, strategic initiatives, intellectual property, and confidential employee, customer or patient records. IT and business personnel deploy Varonis software for a variety of use cases, including data security, governance and compliance, user behavior analytics, archiving, search, and file synchronization and sharing. With offices and partners worldwide, Varonis had approximately 5,000 customers as of September 30, 2016, spanning leading firms in financial services, healthcare, public, industrial, insurance, energy and utilities, media and entertainment, consumer and retail, technology and education sectors.