Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Varonis Systems Files For $100 Mln IPO - Quick Facts

Varonis Systems, Monday said it has filed for an Initial Public Offering of $100 million with the Securities Exchange Commission. The company will not receive any proceeds from the sale of shares by the selling stockholders. Varonis plans to list the common stock on The Nasdaq Global Select Market under the symbol "VRNS."

For the nine-month period ended September 30, the company had reported a loss of $8.9 million or $2.32 per share, on revenues of $48.9 million.

Varonis Systems was founded by networking and storage experts Yaki Faitelson and Ohad Korkus. Varonis is a solution provider of comprehensive, actionable data governance solutions for unstructured and semi-structured data with over 4500 installations spanning leading firms in financial services, government, healthcare, energy, media, education, manufacturing and technology worldwide.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.