格隆汇9月4日｜数据安全公司Cohesity正计划于2026年启动潜在首次公开募股（IPO），其目标估值有 望比肩已上市同行Rubrik——后者当前市值达170亿美元。Cohesity首席执行官桑贾伊・普奥南 （SanjayPoonen）表示，此举将成为英伟达投资企业Cohesity的重要里程碑。该公司曾在2021年搁置IPO 计划，转而优先推进与竞争对手Veritas旗下数据保护部门的复杂合并交易。这一合并交易于2024年12月 完成，使Cohesity成为全球最大的数据保护软件提供商，合并后实体当时的估值超过70亿美元。普奥南 表示，一旦合并后的实体能够向公开市场投资者提供完整一个财年的业绩数据，公司就将做好上市准 备，这一时间点最早可能在"明年初"。这位首席执行官还提到，Cohesity的财年截止日期为8月，这意味 着公司也可能选择在2026年秋季启动IPO。"我认为，如果业务能像现在这样持续向好，2026年将是合 适的上市时机，"普奥南补充道。 ...

Sanjay Poonen, CEO of Cohesity is the former COO of VMware and President of SAP.Data security firm Cohesity is eyeing a potential initial public offering in 2026 with ambitions to achieve a valuation that rivals its publicly traded $17-billion peer Rubrik.The move would mark an important milestone for Nvidia-backed Cohesity, which shelved IPO plans in 2021 to first execute a complex merger with its rival Veritas' data protection unit, according to Cohesity CEO Sanjay Poonen.That deal, which made the company ...

Varonis Systems (VRNS) 2025 Conference September 03, 2025 09:30 AM ET Company ParticipantsFatima Boolani - MD & Co-Head US Software Equity ResearchGuy Melamed - CFO & COODavid Gibson - SVP - Strategic ProgramsFatima BoolaniResearch team here at Citi, and very excited to host you all on day one of the Citi TMT Conference. I am very excited to have Varonis on stage with me. To my left, CFO, COO Guy Melamed, and to his left, David Gibson. Guy, I want to start the conversation at the highest level. This year ha ...

EATONTOWN, N.J., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) announces North American Distribution Partnership with Forcepoint, a global data security leader. Forcepoint helps organizations know what data matters, adapt security as risk changes and protect sensitive information at scale. The company’s AI-native, unified data security platform extends visibility and con ...

Core Viewpoint - Australian data-centric security company archTIS Limited has entered into an asset purchase agreement with U.S.-based data security company Spirion LLC to enhance its security offerings and expand its presence in key U.S. markets [1]. Company Summary - archTIS Limited, identified by the ticker code AR9, is focused on data-centric security solutions [1]. - The agreement with Spirion LLC aims to integrate two complementary security offerings [1]. Industry Summary - The partnership is expected to strengthen archTIS' market position in the U.S., a key area for growth in the data security sector [1].

Data security company Varonis Systems has agreed to acquire SlashNext, an AI-based email security provider, for as much as $150 million including performance-based retention awards https://t.co/h8XRGXlpmr ...

Core Viewpoint - The data security management platform is gaining significant attention in China due to increasing data security risks and the rising costs associated with data breaches, leading to a growing market for these platforms [2][4]. Group 1: Overview of Data Security Management Platforms - The data security management platform is defined by its capabilities in data classification, sensitive data discovery, data asset security management, risk assessment, and situational awareness, excluding tools for data protection [4]. - The platform aims to provide centralized management of data assets and security capabilities, enabling comprehensive identification, presentation, and monitoring of data assets [2][4]. Group 2: Market Size and Growth - The market size for data security management platforms in China is projected to reach 825 million yuan in 2024, reflecting a year-on-year growth of 14.8% [2]. - The increasing popularity of these platforms is attracting more enterprises, with the top five companies holding a combined market share of 52.2% during 2024 [2]. Group 3: Competitive Landscape - Major players in the data security management platform market include Anheng Information, Qi Anxin, and Qiming Star, with Anheng Information leading the market with a 13.7% share, followed closely by Qi Anxin at 13.1% [2][3]. - The competitive environment is characterized by strong capabilities among these firms, contributing to their dominant positions in the market [2]. Group 4: Development Background - The Chinese government is increasingly prioritizing data security, recognizing data as a critical production factor and implementing various laws and standards to enhance data security management [8][9]. - The rapid growth of data production, projected to exceed 41.06 zettabytes in 2024, underscores the importance of robust data security measures [10].

🚨 CMC News: Iris Data Collection Projects Face China Security Warning🔗 https://t.co/zowvd95krM https://t.co/ZgwcVlVIzH ...

Financial Data and Key Metrics Changes - In Q2 2025, the company reported an ARR growth of 19% to $693.2 million, with SaaS ARR now representing about 69% of total ARR [9][26] - Free cash flow for the year to date reached $82.7 million, up from $67.3 million in the same period last year [9][28] - Revenue for Q2 was $152.2 million, reflecting a 17% year-over-year increase, despite a 7% headwind due to increased SaaS sales recognized ratably [28] Business Line Data and Key Metrics Changes - SaaS revenues were $105.9 million, term license subscription revenues were $32.4 million, and maintenance and services revenues were $13.9 million, with renewal rates over 90% [28] - The second quarter ARR contribution margin improved to 16.5%, up from 14.9% year-over-year, indicating strong incremental margins while transitioning to SaaS [30] Market Data and Key Metrics Changes - The demand for the SaaS platform from both new and existing customers is strong, particularly for cloud environment protection [10][21] - The data security market is rapidly expanding due to factors such as AI usage and increasing compliance needs, creating more budgeted line items and opportunities [10] Company Strategy and Development Direction - The company is focused on completing its SaaS transition and capturing a growing market opportunity, with a strategic emphasis on automated data security solutions [9][25] - The partnership with Microsoft is being deepened to enhance security for AI tools and drive secure AI adoption [21][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook despite a challenging macro environment, citing strong underlying business drivers [26][58] - The company anticipates continued strong demand for its solutions, particularly as customers recognize the need for comprehensive data security [34][60] Other Important Information - The company achieved federal authorization to offer its entire SaaS platform to the federal sector, marking a significant milestone [9][76] - The company repurchased 1 million shares at an average price of $38.59 during the quarter, totaling $38.7 million [32] Q&A Session Summary Question: How does the company compete against Cyera? - Management noted that competitors like Cyera expand the total available market and raise awareness about the need for data protection, but they do not provide comprehensive outcomes like Varonis does [37][39] Question: Can you size the opportunity from the Microsoft partnership? - Management highlighted that AI security is fundamentally a data security issue, and the partnership is focused on addressing security challenges associated with AI tools [44][46] Question: What metrics instill confidence in achieving over 20% ARR growth? - Management indicated that strong new customer acquisition and healthy NRR trends support the confidence in achieving this growth target [50][52] Question: How is the macro environment trending compared to last quarter? - Management stated that the macro environment remains similar to the previous quarter, with ongoing deal scrutiny but strong demand for data security solutions [58][59] Question: How does the company view competition from backup vendors entering the DSPM market? - Management emphasized that traditional backup vendors rarely compete in POCs and that Varonis remains focused on deploying solutions at scale [62][64] Question: Can you elaborate on the trend of customers consolidating their data security budgets? - Management noted that customers are increasingly consolidating their budgets around Varonis due to the comprehensive nature of its solutions [67][70] Question: What is the significance of the FedRAMP authorization? - Management expressed excitement about the FedRAMP authorization, which allows the company to offer its SaaS platform to federal customers, representing a significant growth opportunity [76][78] Question: How many subscription services would a large healthcare customer utilize? - Management indicated that large customers often utilize multiple services, including databases and compliance tools, reflecting a comprehensive approach to data security [82][84] Question: What is the outlook for new logo acquisition? - Management reported an acceleration in new logo acquisition, with larger initial land sizes and a strong value proposition driving customer interest [85][87]

Financial Data and Key Metrics Changes - In Q2 2025, the company reported an ARR growth of 19% to $693.2 million, with SaaS ARR now representing about 69% of total ARR [7][26] - Free cash flow for the year to date reached $82.7 million, up from $67.3 million in the same period last year [7][28] - Revenues for Q2 were $152.2 million, reflecting a 17% year-over-year increase, despite a 7% headwind due to increased SaaS sales recognized ratably [28] - Gross profit was $122.6 million, with a gross margin of 80.6%, down from 84.1% in the previous year [29] - The operating loss for Q2 was $1.9 million, compared to an operating income of $2.1 million in the same period last year [29][30] Business Line Data and Key Metrics Changes - SaaS revenues were $105.9 million, while term license subscription revenues were $32.4 million, and maintenance and services revenues were $13.9 million, with renewal rates over 90% [28] - The contribution margin for ARR in Q2 was 16.5%, up from 14.9% year-over-year, indicating improved leverage [30] Market Data and Key Metrics Changes - The company noted strong demand for its SaaS platform, particularly in protecting cloud environments, which is becoming a material contributor to business growth [8][9] - The data security market is rapidly expanding due to factors such as AI usage and increasing compliance needs, creating more budgeted line items for data security solutions [9] Company Strategy and Development Direction - The company is focused on completing its SaaS transition and capturing a growing market opportunity, particularly in the data security sector [5][24] - Investments are being made to expand use cases and enter new markets, including DSPM (Data Security Posture Management) [9][20] - The strategic partnership with Microsoft is being deepened to enhance security for AI tools and improve integration [20][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook despite a challenging macro environment, citing strong underlying drivers for the business [25][58] - The company anticipates continued strong demand for its solutions, driven by the simplicity and automated outcomes of its SaaS platform [33][34] Other Important Information - The company achieved federal authorization to offer its entire SaaS platform to the federal sector, which is expected to open new opportunities [7][78] - The company repurchased 1 million shares at an average price of $38.59 during the quarter, totaling $38.7 million [31] Q&A Session Summary Question: How does the company compete against Cyera? - Management noted that competitors like Cyera expand the total available market and raise awareness about the need for data protection, but they do not provide comprehensive outcomes like Varonis does [38][39] Question: What is the revenue contribution from the Microsoft partnership? - The partnership is expected to drive significant synergies, particularly in securing AI tools like Copilot, and efforts are underway to develop a pipeline with Microsoft [44][47] Question: What metrics support the confidence in over 20% ARR growth? - Management highlighted strong new customer acquisition and healthy NRR for SaaS, indicating that the difference between current ARR growth and 20% is not substantial [50][52] Question: How is the macro environment trending? - The macro environment remains similar to the previous quarter, with increased deal scrutiny, but the company is well-positioned to capitalize on the growing awareness of data security [56][58] Question: How is the company positioned for federal spending? - The recent FedRAMP authorization is a significant milestone, providing access to the federal sector, although it currently represents about 5% of total ARR [78][79] Question: Can you elaborate on the healthcare-related win? - The healthcare organization utilized multiple services, including AWS and Azure, indicating a trend of customers seeking comprehensive data security solutions [83] Question: What is the outlook for the new database activity monitoring offering? - The new offering is positioned to replace legacy vendors and is expected to drive significant revenue opportunities as customers seek integrated data security solutions [105][109]