February 27, 2024

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Varonis Techniques, Inc. Announces Proposed Observe-on Giving of Typical Inventory Nasdaq:VRNS

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NEW YORK, Feb. 09, 2021 (World NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) (“Varonis”) these days introduced the start of an underwritten general public supplying of $400. million of shares of its typical inventory. Varonis expects to grant the underwriters of the providing a 30-working day choice to purchase up to $60. million of further shares of popular stock. The offering is issue to sector conditions, and there can be no assurance as to irrespective of whether or when the offering may be completed, or as to the genuine dimension or conditions of the providing.

Varonis intends to use the web proceeds from this presenting for typical company purposes, which includes performing cash and cash expenditures, and for potential acquisitions, which include complementary companies, technologies or assets.

J.P. Morgan Securities LLC, Barclays Funds Inc., Jefferies LLC and RBC Capital Markets, LLC are acting as joint guide-operating supervisors for the featuring.

This push launch shall not constitute an offer to offer or the solicitation of an supply to invest in these securities, nor shall there be any sale of these securities in any point out or other jurisdiction in which this sort of offer you, solicitation or sale would be illegal prior to the registration or qualification beneath the securities legislation of any this sort of point out or other jurisdiction. 

The featuring is remaining produced pursuant to an quickly productive shelf registration statement on Sort S-3, together with a foundation prospectus, filed with the U.S. Securities and Exchange Commission on February 9, 2021 (the “Registration Statement”). The presenting may perhaps be produced only by suggests of a base prospectus and a associated prospectus complement, copies of which may possibly be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Economic Options, 1155 Very long Island Avenue, Edgewood, New York 11717, phone: 1-866-803-9204, e mail: [email protected], Barclays Money Inc., c/o Broadridge Money Solutions, 1155 Extensive Island Ave, Edgewood, NY 11717, 888-603-5847, email: [email protected], Jefferies LLC, c/o Equity Syndicate Prospectus Department, 520 Madison Ave, 2nd Ground, New York, NY 10022, 877-547-6340, e mail: [email protected], or RBC Funds Markets, LLC, c/o Fairness Syndicate, 200 Vesey Street, 8th Ground, New York, NY 10281, 877-822-4089, email: [email protected].

About Varonis

Varonis is a pioneer in information protection and analytics, fighting a distinct struggle than conventional cybersecurity businesses. Varonis focuses on guarding company information: delicate data files and e-mails confidential purchaser, affected person and staff info financial documents strategic and product programs and other mental assets. The Varonis Info Security Platform detects cyberthreats from equally internal and external actors by examining info, account exercise and person actions helps prevent and restrictions disaster by locking down delicate and stale information and competently sustains a protected point out with automation. Varonis goods address extra vital use conditions including information defense, data governance, zero rely on, compliance, information privacy, classification and danger detection and reaction. Varonis commenced operations in 2005 and has clients spanning foremost companies in the financial solutions, community, healthcare, industrial, insurance coverage, strength and utilities, technological innovation, purchaser and retail, media and enjoyment and training sectors.

Forward-Hunting Statements

This push release contains “forward-looking” statements, which are issue to the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995. These statements are not ensures of long run effectiveness, but are dependent on management’s expectations as of the day of this push launch and assumptions that are inherently matter to uncertainties, threats and changes in situation that are difficult to forecast. Ahead-hunting statements with respect to, among the other matters, the proposed phrases of this presenting and the use of proceeds therefrom, involve recognised and unidentified risks, uncertainties and other elements that may well trigger actual final results, effectiveness or achievements to be materially unique from any future benefits, general performance or achievements. Important things that could cause real final results to vary materially from all those expressed or implied by these ahead-wanting statements include things like the adhering to: circumstances in the money marketplaces and the chance that the proposed offering does not happen on the envisioned conditions, or at all dangers related to the expected use of the web proceeds from the presenting and the truth that the Company’s management will have broad discretion in the use of the proceeds aggressive factors, such as greater income cycle time, adjustments in the competitive natural environment, pricing variations and amplified competitiveness the influence of COVID-19 outbreak has had, and could carry on to have, harmful consequences on Varonis’s small business and outcomes of operations the impression of prospective facts know-how, cybersecurity or facts stability breaches typical financial and field disorders, this kind of as foreign forex exchange level fluctuations and expenditure developments for knowledge and cybersecurity options dangers affiliated with expected expansion in Varonis’s addressable industry Varonis’s capability to build and expand its immediate revenue initiatives and reseller distribution channels challenges linked with the closing of large transactions, including Varonis’s skill to shut significant transactions regularly on a quarterly foundation threats affiliated with intercontinental functions the risk that Varonis might not be able to attract or keep staff, together with income staff and engineers new solution introductions and Varonis’s capacity to create and produce impressive merchandise Varonis’s capacity to deliver significant-excellent services and assist offerings risks connected with Varonis’s convertible notes and capped-phone transaction and pitfalls affiliated with the acquisition of Polyrize Protection Ltd. which include, without having limits, integration of the acquisition may possibly not manifest as expected and the acquisition could not realize the results anticipated, undisclosed liabilities may perhaps be learned and tries to keep vital personnel may well not realize success. These and other significant risk factors are explained much more totally in Varonis’s studies and other documents submitted with the U.S. Securities and Exchange Fee, which include all those included by reference in the Registration Statement, and could result in genuine effects to fluctuate from anticipations. All forward-on the lookout info supplied in this press release is as of the day hereof, and Varonis undertakes no responsibility to update or revise this facts, whether or not as a outcome of new facts, new developments or in any other case, besides as necessary by law.

Investor Relations Call:
James Arestia
Varonis Methods, Inc.

News Media Get in touch with:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 4247)

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