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MIAMI - Varonis Systems, Inc. (NASDAQ:VRNS), a $5.8 billion data security solutions provider with impressive gross profit margins of 82%, announced Wednesday it has received Hébergeur de Données de Santé (Health Data Hosting) certification, a mandatory requirement for organizations hosting health data in France.
The certification confirms that Varonis’ cloud-native Data Security Platform meets the requirements defined in the HDS Referential version 2.0, which establishes standards for the security and protection of personal health information.
"Varonis is dedicated to upholding the highest international standards for data security," said Gilad Raz, CIO and VP of Technical Services at Varonis, according to the press release.
The HDS accreditation enables Varonis to serve French healthcare customers who are legally required to use certified providers. It also allows the company to meet regulatory requirements and potentially expand its presence in European Union healthcare markets.
Varonis Systems specializes in data security solutions that discover and classify critical data, remove exposures, and detect threats using AI-powered automation. The company’s platform addresses various security functions including data security posture management, data classification, and data access governance. While currently operating at a loss, InvestingPro analysts project profitability for 2025, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other top stocks.
The certification announcement comes as healthcare organizations face increasing pressure to ensure patient data remains protected while complying with regional regulations.
Based in Miami, Varonis Systems trades on the Nasdaq exchange and describes itself as a provider of solutions that protect data across SaaS, IaaS, and hybrid cloud environments.
In other recent news, Varonis Systems has been the focus of several analyst reports and product developments. Cantor Fitzgerald reiterated its Overweight rating on Varonis Systems, maintaining a price target of $60.00. The firm cited the company’s accelerating Annual Recurring Revenue (ARR) growth and increasing adoption of Software-as-a-Service (SaaS) as key factors. Wells Fargo also adjusted its price target for Varonis Systems, raising it to $51.00 from $46.00, while keeping an Equal Weight rating. This adjustment comes ahead of Varonis Systems’ upcoming second-quarter 2025 earnings report.
Additionally, Varonis Systems announced that its data security solution is now available in the AWS Marketplace, specifically in the new AI Agents and Tools category. This development allows customers to easily access and deploy the platform using their AWS accounts. Furthermore, Varonis has extended its Data Security Platform to integrate with OpenAI’s ChatGPT Enterprise Compliance API. This integration aims to help organizations monitor AI interactions and identify sensitive data uploads, enhancing data security measures. These recent developments reflect Varonis Systems’ strategic efforts to expand its platform capabilities and market reach.
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