Varonis Systems

Varonis Systems
Public
Traded as NASDAQ: VRNS
Industry Computer software
Founded 2005
Founder Yaki Faitelson
Ohad Korkus
Headquarters New York City, U.S.
Area served
 Worldwide
Key people
 Yaki Faitelson
(CEO)
Ohad Korkus
(Chief Technology Officer)
Revenue
  • US$ 101.3 million (2014) [1]
Number of employees
 840 (2014) [1]
Website http://varonis.com

Varonis Systems is an American software company with headquarters in New York City. They developed a software platform to let organizations map, analyze, manage and migrate their unstructured data. Their Intelligent Data Use (IDU) engine extracts metadata from an enterprise’s IT infrastructure and uses this information to map relationships among employees, data objects, content, and usage. Varonis means “hero” in Latvian. Faitelson, the CEO and president, admires the lion for its strength, endurance, power and loyalty.[2]

History

Varonis Systems was founded in 2005 by Yaki Faitelson and Ohad Korkus.[3] Prior to Varonis, Mr. Faitelson and Mr. Korkus held leadership positions in the global professional services and systems integration divisions of NetVision, an Israeli ISP.[2]

Later, they worked for NetApp, implementing a NAS system for a client in Angola. The client had a large number of image files stored on the NAS system, and one day, they were gone. The client wanted to know who deleted the files, and who had access to the folders holding the files. Faitelson and Korkus quickly realized that the existing systems could not answer these questions.[4]

Faitelson and Korkus invented a solution that would retrieve metadata contained in file systems. They brought in Dr. Jacob Goldberger, an expert in statistical modeling and machine learning, to help develop the algorithms that would provide the user-data link.[5] In 2005, Faitelson, Goldberger, and Korkus filed a patent, “Automatic management of storage access control, which was granted in 2006.[6] As of January 2014, Varonis held 10 US patents with an additional 40 patents still pending.[7]

The result of their work was the IDU, a platform for gathering and analyzing file data use. The first product based on this platform, DatAdvantage, was released in 2006. DatAdvantage lets IT departments manage data ownership, data access rights, and responsibilities of file system data.[8][9]

Varonis continued with core platform development. In 2009, Varonis added the IDU Classification Framework, which allowed Varonis products to search for keywords, phrases and patterns from file content.[7] In 2013, Varonis renamed the IDU Platform and the IDU Classification Framework to the Metadata Framework.

Varonis raised capital from Accel Partners, Evergreen Venture Partners, Gitano Venture Capital, and EMC. In March 2014, an initial public offering of Varonis stock raised about $106 million.[10]

Technology and Architecture

The Varonis Metadata Framework is implemented at two levels. Non-intrusive monitoring resides on file servers, feeding both real-time file event information and ACLs to a separate server.[11] The collected data is stored in a database. The second part, the IDU analytics engine, performs statistical analysis to derive data owners, baseline user activity, and user groupings. The Metadata Framework is able to incrementally index file metadata, thereby allowing it to efficiently maintain the current state of file metadata in its database. DatAdvantage presents this information to IT administrators.

Products

Product Category Product
Data Governance and Data Protection DatAdvantage
Identity and Access Management DataPrivilege
Data Protection and Data Classification Metadata Framework
Archiving and Migration Data Transport Engine
Enterprise File Sync and Sharing DatAnywhere
Enterprise Search DatAnswers

Supported Platforms

Customers

Awards

References

  1. 1 2 "Varonis Systems Inc 2014 Annual Report Form (10-K)". United States Securities and Exchange Commission. March 19, 2015.
  2. 1 2 3 Brodkin, John (April 7, 2007). "10 enterprise software companies to watch". ComputerWorld.
  3. ↑ Crunchbase
  4. ↑ About Varonis Systems
  5. ↑ Professor Jacob Goldberger Bloomberg
  6. ↑ Automatic Management of storage access control US Patent 20060277184 A1
  7. 1 2 3 4 5 6 7 Form S-1 Registration Statement SEC
  8. ↑ Press, Gil (October 21, 2013). "Do You Know Where Your Data Is And Who Reads It? Varonis Knows". Forbes.
  9. ↑ Perlroth, Nicole (March 29, 2015). "Secrecy on the Set: Hollywood Embraces Digital Security". The New York Times.
  10. ↑ Konrad, Alex (March 3, 2014). "No IPO Hangover: Varonis' CEO Talks Going Public After A Big First Day". Forbes.
  11. ↑ Varonis: Data Governance in the Hands of the People ESG
  12. ↑ Hitachi NAS Platform with Varonis Hitachi Technical Paper
  13. ↑ "The Fast 50 Reader Favorites of 2008". Fast Company.
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