Varonis and Concentrix Forge Partnership to Deliver Data Security for the AI Revolution | VRNS Stock News

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Apr 16, 2025
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  • Varonis Systems (VRNS, Financial) partners with Concentrix (CNXC) to deliver AI-ready data security solutions.
  • The partnership targets AI-driven cyber threats, providing comprehensive data protection services.
  • Concentrix serves over 155 Fortune Global 500 clients, expanding Varonis' market reach.

Varonis Systems (NASDAQ: VRNS) has announced a strategic partnership with Concentrix Corporation (NASDAQ: CNXC) to provide comprehensive data security solutions tailored for AI implementations. The collaboration is set to help large enterprises safeguard sensitive data from exposure via AI agents, chatbots, and large language models (LLMs), while addressing the growing concern of AI-driven cyber threats.

By combining Varonis' Data Security Platform with Concentrix's service delivery capabilities, the partnership offers automated data classification, remediation, alerting, and AI readiness monitoring. In addition, clients will benefit from a 24/7 Managed Data Detection and Response service that ensures continuous protection against potential data breaches.

Concentrix, a Fortune 500 company, is known for serving over 155 Fortune Global 500 clients, thereby providing Varonis with a significant distribution channel to expand its market presence. Through this alliance, Varonis' cutting-edge technology is bundled into a service framework, allowing easier adoption by enterprises with complex security needs.

"AI is transforming business performance, but it’s also introducing new vulnerabilities and placing critical data at risk," noted Ryan Peterson, Chief Product Officer at Concentrix. "Our partnership with Varonis enables us to deliver a robust solution leveraging best-in-class automated data security to stop threats before they start."

The strategic alliance is seen as a response to the evolving security landscape, where traditional measures like endpoint security and multi-factor authentication are deemed insufficient for AI-driven environments. By addressing AI-related data vulnerabilities head-on, Varonis and Concentrix aim to fortify enterprise security infrastructures against emerging threats.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.