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Nuix

Nuix – An Australian Company Founded With The Goal To Extract knowledge From Unstructured Data.

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Nuix is a publicly-traded company that was founded in 2000. The company’s main goal is to collect vast quantities of unstructured data to extract useful information from it. Every organization, big or small, needs to study data to understand every aspect of the business from the consumer market to market regulations. So, the solutions of this company are very useful especially to big corporations that have millions of customers across the world meaning more unstructured data. Some of the biggest clients of Nuix are Airbus, Amazon, American Express, Barclays, AIG, etc. Nuix currently serves more than 2,000 customers in 79 countries.

About Nuix

Nuix is a software development company with its headquarters based in Sydney, Australia. The company develops innovative software to harness the power of unstructured data to its full potential. Nuix’s technology is used for various purposes in the digital world including data privacy, data governance, financial crimes, digital forensics, regulatory compliance, etc. Nuix has been the recipient of several prestigious awards because of its innovative technology. The company currently has around 400 employees and the numbers didn’t change much since 2006. Apart from Australia, the company has headquarters in Asia, the Middle East, North America, and Europe.

Truth be told, though organizations keep records of every employee, every customer in an organized way, the amount of unstructured data exceeds the structured data. The data received from social media, online communications, etc are messy but they are important. And, Nuix’s technology helps in visualizing and analyzing this chaotic data into something more meaningful that businesses could use to increase their growth. The six primary products of the company are Nuix Adaptive Security, Nuix Automation, Nuix Discover, Nuix Investigate, Nuix Enterprise Collection Center, and Nuix Workstation.

Nuix
Image source: marcustoday.com

David Sitsky – Brain Behind the Technology

David Sitsky is the main brain behind founding Nuix. He had immense knowledge in complex operating systems and large-scale parallel computing. He dedicated his career to developing algorithms that could search through search and analyze through the unstructured and messy data from emails and any social platforms. He understood that his idea has good potential when one of the largest employers in Canberra used his algorithm to find some inappropriate image that was attached to an email. After the attempt was successful, it became the first evidence that Sistky’s algorithm is very powerful and it could find things with forensic accuracy. Even today people of the company believe that Sitsky was able to build software like this because he was able to imagine the amount of unstructured data that will generate in the future.

History of Nuix

Nuix has grown beautifully over the last twenty years. From a one-man operation, today fifty software developers and ninety software engineers work in America in sync with employers in Sydney. America is a huge market for Nuix’s technology especially for the tech giants that are dominating the digital market across the world. For the unique and impactful work done by the company, Nuix was offered a contract by the Securities and Exchange Commission in 2010.

In 2012, the company bagged the Australian Export Awards for the Information and Communication Technology category and also won the Premier’s NSW Exporter of the Year Award in 2015. Nuix was also made an Industry Partner of the International Multilateral Partnership Against Cyber Threats. It was only in 2020 that Company decided to go public and filed its IPO. It is currently listed on the Australian Securities Exchange and the largest shareholder of the company is Macquarie Group.

Jonathan Rubinsztein – CEO of Nuix

Jonathan Rubinsztein is the new CEO of Nuix who was appointed in December 2021. Before that, he was the CEO and Managing Director of Informedia Ltd. He is also an entrepreneur who founded DXC Red Rock and served as its CEO for more than sixteen years. Rubinsztein is also the founder of RockSolid SQL, a company that developed a database management product. After his post-graduation, his career started with Accenture where he joined as a consultant.

Varonis Systems

Varonis Systems – A Software Company That Started To Mainly Protect Unstructured Data.

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In 2005, Yaki Faitelson and Ohad Korkus founded Varonis Systems to help organizations track, visualize, and protect their unstructured data. Varonis Systems is based in New York City, US and it has R&D offices in Herzliya, Israel. Varonis offers services globally and it has approximately 1,700 employees and more than 7,000 customers.

Though Varonis is a computer software company working to protect the unstructured data of its clients, it works a bit differently than other conventional cybersecurity firms. With the help of various platforms and data-tracking technology of Varonis, organizations can keep a real-time awareness of how every employee is accessing and using data to stop any malicious attacks.

About Varonis Systems

Since data is at the center of every organization, Varonis builds advanced platforms to help clients protect their unstructured data. In every organization, multiple malicious attacks that compromise sensitive data take place both from an external and internal source. To protect data, Varonis performs User Behavior Analytics (UBA) to identify any abnormal behavior before a cyberattack. The principle working pattern of Veronis is to extract the metadata from an organization’s IT infrastructure and then use the necessary information to map relationships among employees, data, etc.

Varonis has multiple types of products as per the need of a customer. Some of them are DatAlert (UBA and Data Security), DatAdvanatge (Data Governance and Data Protection), DatAnywhere (Enterprise File Sync and Sharing), etc. In 2008, the company made it to the list of Fast 50 Reader Favourites. Earlier this year, the company was awarded a Cyber Catalyst designation for its data security platform.

Varonis Systems
Image source: tadviser.com

The Idea Behind Founding Varonis

A big idea doesn’t emerge out of thin air. Whenever we are trying to find a solution to fix our problem, we hardly have any idea that how many people can benefit from an effective solution. The idea to establish Varonis Systems always emerged as a solution when the two founders were trying to find a solution to protect data. In 2003, an oil and gas company almost faced a disaster when they took high-resolution images of the ocean floor. But, one day the photographs suddenly disappeared from their server and no experts were able to discover what took place.

Unable to understand if the data was deleted by an accident or deliberately, the security experts saw an opportunity in the software industry. With every passing data, data is becoming more valuable to an individual, an enterprise, a nation, and to the whole world. So, security and systems experts (who previously worked at NetVision and NetApp), Yaki Faitelson, and Ohad Korkus founded Varonis Systems in 2005. They wanted to give organizations more visibility to their data and protect sensitive information.

History Of The Company

Varonis offers multiple ways for an organization to protect its data from both the employees of the company and external sources. The company mainly addresses issues like file activity tracking, access control, and information rights management. Varonis enables a company to track the behavior of an employee in the data server and if there is any abnormal behavior the system will be alerted. The co-founders created a system such that it would be able to extract metadata in the file systems.

While they were developing the product, they brought Dr. Jacob Goldberger, statistical modeling and machine learning expert onboard. He mainly helped the team to develop the algorithms that would provide the user data link. In 2005, these three people filed a patent and it was approved in 2006. The same year, Veronis released its first product, DatAdvanatge so that enterprises can monitor their file activity, data access rights, user behavior, etc. After a few years, the company added the IDU Classification Framework so that the system was able to search for various keywords and phrases. The main investors of the company are Accel Partners, Evergreen Venture Partners, Gitano Venture Capital, and EMC.

Yaki Faitelson – CEO Of Veronis Systems

Yaki Faitelson is the co-founder and current CEO of Veronis Systems. He is also the Chairman of the Board. Before co-founding Veronis Systems, Yaki served at many leadership positions in the global professional services and systems integration divisions of NetVision and Network Appliance.