Varonis launches next-gen database activity monitoring solution

MIAMI - Varonis Systems, Inc. (NASDAQ:VRNS), a $6.12 billion cybersecurity company trading near its 52-week high, announced Monday the release of its Next-Gen Database Activity Monitoring (DAM) solution, designed to address security challenges in database protection. According to InvestingPro data, the company maintains impressive gross profit margins of 82% while currently trading above its Fair Value.

The new offering is integrated into the company’s Data Security Platform and supports major database systems including Databricks, Microsoft SQL Server, Amazon RDS, Postgres, Oracle, and Snowflake.

According to the company’s press release, the solution provides activity monitoring capabilities that capture database queries both in cloud and on-premises environments. It also includes user behavior analytics to detect suspicious activity, data discovery and classification features, database access control, and automated remediation tools.

Terry Ray, Varonis VP of Product Strategy, stated that legacy DAM solutions "use outdated, agent-based technology that takes years to deploy and require hardware and multiple FTEs to operate."

The company positions its new offering as a cloud-based alternative to traditional database security approaches, emphasizing faster deployment and expanded security capabilities.

Varonis’ Next-Gen DAM is now available as part of the company’s Data Security Platform, which aims to protect data across various environments including SaaS, IaaS, and hybrid cloud.

The announcement comes as organizations face increasing challenges in securing database systems that contain sensitive information while meeting regulatory compliance requirements. Analysts tracked by InvestingPro expect the company to achieve profitability in 2025, with 8 additional ProTips available for subscribers seeking deeper insights into Varonis’s financial health and growth prospects.

In other recent news, Varonis Systems has achieved the Hébergeur de Données de Santé certification in France, confirming its compliance with security standards for hosting health data. This certification underscores the company’s commitment to data protection and security. Meanwhile, Jefferies upgraded Varonis Systems from Hold to Buy, raising its price target to $65.00, citing the company’s strong position in the data governance market and its potential benefits from generative AI adoption. Cantor Fitzgerald has reiterated an Overweight rating on the stock with a price target of $60.00, highlighting the company’s accelerating Annual Recurring Revenue growth and increasing Software-as-a-Service adoption. Additionally, Wells Fargo raised its price target for Varonis Systems to $51.00, maintaining an Equal Weight rating ahead of the company’s upcoming second-quarter 2025 earnings report. In another development, Varonis Systems announced that its data security solution is now available in the AI Agents and Tools category of the AWS Marketplace. This availability allows customers to easily discover, purchase, and deploy the platform using their AWS accounts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.