Varonis Earns Eighth Security 100 Spot; Faces Suit Over 63.9% License Revenue Slump
Varonis Systems landed on the 2026 Security 100 list for the eighth year in Identity, Access and Data Security, highlighting its AI-driven breach prevention. A Hagens Berman suit cites a 63.9% drop in federal term license revenue and alleges SaaS transition weaknesses ahead of a March 9 plaintiff deadline.
1. Eighth Consecutive Security 100 Recognition
Varonis Systems has been named to the 2026 Security 100 list in the Identity, Access and Data Security category for the eighth consecutive year, underscoring its cloud-native platform’s AI-driven breach prevention, data exposure removal, and automated threat response capabilities.
2. Securities Class Action Over Federal Revenue Decline
A Hagens Berman securities class action alleges Varonis concealed a 63.9% collapse in federal term license revenue and overstated its SaaS migration success, pointing to undisclosed renewal softness in its Federal vertical and setting a March 9 deadline for plaintiff filings.