Varonis (VRNS) Soars 86% on Nasdaq Debut, Ends Day With $1 Billion Market Cap

Shares of enterprise software maker Varonis Systems (VRNS) doubled in their first trading session Friday, reaching as high as $44 p/sh, after the ticker, which gave the company a market cap of more than $1 billion, was priced at $22 at the Nasdaq’s opening bell.

The data analysis software maker, which claims its software platform allows companies to “map, analyze, manage and migrate their unstructured data,” had revenue of $53.4 million and $74.6 million in FY2012, FY2013, respectively, representing y/y growth of 34% and 40% in FY2012 and FY2013, respectively, according to the co.’s S1 filing with the SEC.

While startups like Varonis may not be a household name when compared to other well-known consumer-Internet services like microblogging site Twitter (TWTR) or social media giant Facebook (FB), the business-tech startup with Israeli roots is without doubt a name worth remembering, given the first day jump for VRNS easily topped the 73% jump of Twitter shares from their initial asking price of $26 a share on that company’s November stock-trading kickoff.

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