Varonis Systems, Inc. is a data security company specializing in protecting sensitive information from cyber threats. The company operates in the cybersecurity market, offering a comprehensive data security platform that uses advanced analytics and automation to detect and respond to potential data breaches. Varonis serves a wide range of clients, including large enterprises, government agencies, and educational institutions, helping them secure their data and comply with regulatory requirements. The business model is based on a subscription service, with 95% of its revenues being recurring, ensuring a steady income stream. Varonis makes money by selling subscriptions to its data security platform, which includes features such as data monitoring, threat detection, and automated response. The company has shown strong financial performance, with a 59% year-over-year growth in Annual Recurring Revenue (ARR) and a 90% renewal rate, indicating high customer satisfaction and retention.

Keywords: data security, cyber threats, advanced analytics, automation, subscription service, regulatory compliance, threat detection, data monitoring, automated response, cybersecurity market.