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Stock impact report

Why Varonis Is Changing Its Business Model [The Motley Fool]

Varonis Systems, Inc. (VRNS) 
Last varonis systems, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.varonis.com
Company Research Source: The Motley Fool
Why Varonis Is Changing Its Business Model Luis Sanchez ( Tomahawk May 8, 09 at :AM Varonis Systems NASDAQ:VRNS small-cap The change is expected to have an impact on which software packages customers buy and how they will be billed. Does this business model transition make sense? Image Source: Getty Images. The rationale for changing the business model When Varonis was founded in 00, it had a more limited use case for its cybersecurity software. Today, the company sells different software licenses, complicating the sales process for both the company and its prospective customers. Under the current software licensing model, Varonis sells the customer a perpetual right to use a version of the software. Under the SaaS model, customers purchase a one-year or multiyear subscription to use the software. The key difference from the customer's point of view is that the licensing model requires a large upfront payment to purchase software for a "lifetime" term. With the SaaS model, the custom Show less Read more
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