logo
Share SHARE
FONT-SIZE Plus   Neg

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
Merck (MRK) reported second-quarter Non-GAAP EPS of $1.01 compared to $0.93, a year ago. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.87 for the quarter. Analysts' estimates typically exclude special items. Second-quarter net income attributable... UBS Group AG reported Friday higher profit in its second quarter, boosted mainly by strong growth in wealth management profit, and higher net interest income. Looking ahead, the company issued a cautious outlook on client activity and margins. Shares of the Swiss banking giant were losing around 4 percent in the morning trading. Ford Motor Co. has issued a safety recall for nearly 117,000 vehicles in North America to replace improperly tempered bolts in seats and seatbelts that could fracture. The affected vehicles include 2014 Ford F-150 pickup trucks, 2014 E-Series vans, 2014-15 Ford Escape SUVs and 2015 Lincoln MKC SUVs to replace improperly tempered bolts in seats and seatbelts.
comments powered by Disqus
Follow RTT