Overview

• Varonis announced the acquisition of SlashNext, an AI-native email security provider focused on advanced phishing and social engineering threats.
• The company plans to connect email, identity, and data across its platform to stop breaches that begin in inboxes and to expand its managed detection and response service.
• Founder Atif Mushtaq of SlashNext, noted for work on FireEye’s malware sandbox, will join Varonis following the deal.
• Varonis cites an independent Tolly Group test reporting SlashNext achieved 99% overall detection accuracy and 100% detection for BEC and QR-code attacks versus peers including Abnormal Security and Mimecast.
• Financial guidance now calls for Q3 revenue of $163–$168 million and full-year ARR of $748–$754 million, with free cash flow reaffirmed at $120–$125 million.