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Varonis Acquires Cyral to Reinvent Database Activity Monitoring

New York, March 17, 2023 - Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security and analytics, today announced that it has acquired Cyral, a pioneering company in database activity monitoring (DAM). The acquisition will enable Varonis to revolutionize the way organizations monitor, detect, and respond to database threats, providing unparalleled visibility and control over sensitive data.

Cyral's innovative technology allows for real-time monitoring and analysis of database activity, providing critical insights into who, what, and when data is being accessed, modified, or exfiltrated. This information is essential for organizations to detect and respond to potential security breaches, compliance violations, and insider threats.

"We are thrilled to welcome Cyral to the Varonis family," said Yossi Naar, CEO of Varonis. "The acquisition of Cyral's technology and talent will enable us to deliver a comprehensive database security solution that addresses the growing need for organizations to monitor and protect their sensitive data."

The acquisition will enable Varonis to expand its portfolio of data security and analytics solutions, providing customers with a single, unified platform to monitor and manage their data across the enterprise. Cyral's technology will be integrated with Varonis' existing products, including DatAlert, which provides real-time monitoring and alerting for sensitive data.

"Cyral's mission is to revolutionize database security by providing organizations with the visibility and control they need to protect their data," said Mike Dargan, CEO of Cyral. "Joining forces with Varonis will enable us to accelerate our mission and deliver a game-changing solution to the market."

The acquisition is expected to close in the second quarter of 2023, subject to customary closing conditions. Financial terms of the deal were not disclosed.

About Varonis Systems, Inc. Varonis Systems, Inc. is a leader in data security and analytics. Their solutions provide visibility and control over sensitive data, including sensitive data in real-time, on-premises and in the cloud. Over 70% of Fortune 500 companies and thousands of organizations worldwide rely on Varonis to protect their sensitive data. For more information, visit www.varonis.com.

About Cyral Cyral is a pioneering company in database activity monitoring (DAM). Their innovative technology provides real-time monitoring and analysis of database activity, providing critical insights into who, what, and when data is being accessed, modified, or exfiltrated. For more information, visit www.cyral.com.