Varonis Systems
US-incorporated, Israeli-founded data-security company listed on Nasdaq; its chief executive Yaki Faitelson is a veteran of the IDF Intelligence Corps' Unit 81; agreed in October 2026 to be bought by Proofpoint for $6.3 billion
| Varonis Systems
| |
|---|---|
| Trade name | Varonis Systems, Inc. |
| Logo |  Varonis logo |
| Type | Public company, Nasdaq (VRNS); incorporated in Delaware |
| Founded | 3 November 2004 (incorporated); operations began 1 January 2005 |
| Founder(s) | Yaki Faitelson (Yakov Faitelson), Ohad Korkus |
| Headquarters | 801 Brickell Avenue, Miami, Florida 33131, United States; development centre in Herzliya Pituach |
| Industry | Cyber security |
| Services | Data security and data-access governance software |
| Homepage | varonis.com |
Varonis Systems is a data-security company founded by Yaki Faitelson and Ohad Korkus. It is incorporated in Delaware, has its principal offices in Miami, and is listed on Nasdaq.[1] According to Ctech, its development centre in Herzliya Pituach employs about 1,000 people, and its chief executive Faitelson is "An alumnus of the IDF's Unit 81" (Unit 81; Israel Defense Forces). In October 2026 the American cyber-security company Proofpoint agreed to buy Varonis for $6.3 billion in cash.[2]
History
Varonis's annual report says that it "was incorporated under the laws of the State of Delaware on November 3, 2004 and commenced operations on January 1, 2005".[1] Its 2013 stock-market registration statement said that Yakov Faitelson had been its president, chief executive and chairman since 2004, and Ohad Korkus its chief technology officer and a director since 2004. Before Varonis, both worked at NetVision and NetApp.[3] The same filing warned investors that "Some of our officers and employees in Israel are obligated to perform routine military reserve duty in the Israel Defense Forces" and could be called up "at any time under emergency circumstances for extended periods of time".[3]
Founders and military service
In an interview after the Proofpoint deal was announced, Ctech wrote: "An alumnus of the IDF's Unit 81, Faitelson worked at NetApp before founding Varonis." Innoviz Technologies, another company founded by veterans of the unit, describes Unit 81 in a filing to the US Securities and Exchange Commission as "the elite technology unit of Israel's Intelligence Corps" (Intelligence Corps).[4] Ctech also reported that Faitelson, who had lived in the United States for most of the company's history, returned to Israel in 2024, "a decision he attributes to the outbreak of the war", and quoted him: "Given everything that happened, I felt there was nowhere else to be." It said that Korkus is no longer with the company.[2]
Proofpoint acquisition
Ctech reported on 16 October 2026 that Proofpoint would acquire Varonis "in an all-cash deal" valued at $6.3 billion, after which the company would be delisted from Nasdaq. Faitelson told the paper that the business was "projected to reach a $1 billion annual revenue run rate by next year".[2]
See also
External links
Notes
- ↑ 1.0 1.1 Varonis Systems, Inc., Form 10-K for the fiscal year ended 31 December 2025 US Securities and Exchange Commission, 4 February 2026, accessed 10 November 2026.
- ↑ 2.0 2.1 2.2 Sophie Shulman, "One plus one could equal five": Varonis CEO on $6.3 billion Proofpoint deal Ctech, 16 October 2026, accessed 10 November 2026.
- ↑ 3.0 3.1 Varonis Systems, Inc., Form S-1 registration statement US Securities and Exchange Commission, 22 October 2013, accessed 10 November 2026.
- ↑ Innoviz Technologies Ltd, Form F-1 Registration Statement US Securities and Exchange Commission, July 2021, accessed 10 November 2026.