Varonis Systems, Inc. (VRNS) shares are experiencing an uptick following the company's announcement of an expanded data security coverage to Databricks. This strategic move, unveiled on December 3, 2024, enhances Varonis' capabilities in discovering and classifying critical data, removing exposures, and detecting threats within the Databricks Data Intelligence Platform. The integration is significant as it taps into Databricks' extensive Fortune 500 customer base, addressing the growing need for robust data security in cloud environments. By supporting Databricks on AWS, Azure, and Google Cloud, Varonis positions itself to meet the increasing demand for comprehensive data protection solutions, particularly as organizations scale their AI and analytics operations.
The current price of Varonis Systems, Inc. (VRNS) is $50.92, reflecting a 1.38% increase from its previous close of $50.23 and a 2.16% rise from its opening price of $49.85.