NasdaqGS:VRNSSoftware
Varonis Systems (VRNS) Is Down 10.6% After Exiting On-Premise Business To Focus On AI SaaS
Earlier this month, Varonis Systems unexpectedly announced it will discontinue its on-premises solution, which contributed about 15% of revenue, after missing quarterly projections and shifting its focus more fully to its SaaS platform.
At the same time, the company launched its new Varonis Atlas AI security platform and prepared high-profile presentations at RSA Conference 2026, underscoring a quicker pivot toward AI-driven, cloud-based data security.
We’ll now examine how the accelerated...