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Data security company Varonis files for a $100 million IPO

By: Renaissance Capital
Posted: 10/22/2013 8:40:00 AM
Referenced Stocks: VRNS

Varonis, which provides a software platform that allows enterprises to map, analyze, manage and migrate their unstructured data, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. The New York, NY-based company, which was founded in 2004 and booked $67 million in sales for the 12 months ended September 30, 2013, plans to list on the NASDAQ under the symbol VRNS. Varonis initially filed confidentially on August 21, 2013. Morgan Stanley, Barclays, Jefferies and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.