Varonis Faces Investor Class Action Over Misleading SaaS Claims

Reuters

Feb 16

Varonis Faces Investor Class Action Over Misleading SaaS Claims

A class action lawsuit has been filed against Varonis Systems Inc. on behalf of investors who purchased securities between February 4, 2025 and October 28, 2025. The complaint alleges that Varonis made false and misleading statements about its ability to convert customers to its SaaS offering, while knowing it was having difficulty convincing customers to switch. When the true situation became known, investors reportedly suffered financial losses. Investors have until March 9, 2026 to seek lead plaintiff status in the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Varonis Systems Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602160848PRIMZONEFULLFEED9655206) on February 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The complaint alleges that Varonis made false and misleading statements about its ability to convert customers to its SaaS offering, while knowing it was having difficulty convincing customers to switch. When the true situation became known, investors reportedly suffered financial losses. Investors have until March 9, 2026 to seek lead plaintiff status in the case.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Varonis Systems Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. 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