Varonis Systems, Inc. Announces Proposed Follow-on Offering of Common Stock - Seite 2

About Varonis

Varonis is a pioneer in data security and analytics, fighting a different battle than conventional cybersecurity companies. Varonis focuses on protecting enterprise data: sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property. The Varonis Data Security Platform detects cyberthreats from both internal and external actors by analyzing data, account activity and user behavior; prevents and limits disaster by locking down sensitive and stale data; and efficiently sustains a secure state with automation. Varonis products address additional important use cases including data protection, data governance, zero trust, compliance, data privacy, classification and threat detection and response. Varonis started operations in 2005 and has customers spanning leading firms in the financial services, public, healthcare, industrial, insurance, energy and utilities, technology, consumer and retail, media and entertainment and education sectors.

Forward-Looking Statements

This press release contains “forward-looking” statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance, but are based on management’s expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements with respect to, among other things, the proposed terms of this offering and the use of proceeds therefrom, involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: conditions in the financial markets and the risk that the proposed offering does not occur on the expected terms, or at all; risks related to the anticipated use of the net proceeds from the offering and the fact that the Company’s management will have broad discretion in the use of the proceeds; competitive factors, including increased sales cycle time, changes in the competitive environment, pricing changes and increased competition; the impact of COVID-19 outbreak has had, and could continue to have, harmful effects on Varonis’s business and results of operations; the impact of potential information technology, cybersecurity or data security breaches; general economic and industry conditions, such as foreign currency exchange rate fluctuations and expenditure trends for data and cybersecurity solutions; risks associated with anticipated growth in Varonis’s addressable market; Varonis’s ability to build and expand its direct sales efforts and reseller distribution channels; risks associated with the closing of large transactions, including Varonis’s ability to close large transactions consistently on a quarterly basis; risks associated with international operations; the risk that Varonis may not be able to attract or retain employees, including sales personnel and engineers; new product introductions and Varonis’s ability to develop and deliver innovative products; Varonis’s ability to provide high-quality service and support offerings; risks associated with Varonis’s convertible notes and capped-call transaction; and risks associated with the acquisition of Polyrize Security Ltd. including, without limitations, integration of the acquisition may not occur as anticipated and the acquisition may not achieve the outcomes anticipated, undisclosed liabilities may be discovered and attempts to retain key personnel may not succeed. These and other important risk factors are described more fully in Varonis’s reports and other documents filed with the U.S. Securities and Exchange Commission, including those incorporated by reference in the Registration Statement, and could cause actual results to vary from expectations. All forward-looking information provided in this press release is as of the date hereof, and Varonis undertakes no duty to update or revise this information, whether as a result of new information, new developments or otherwise, except as required by law.