Data security and analytics company Varonis Systems has announced the opening of its new and expanded office space in Cork City at Penrose Dock.

Varonis is expected to double its employee headcount, creating about 60 jobs, over the next three years.

The new jobs will range from tech support, research and development, human resources and sales.

Founded in 2005, Varonis protects organisations' most sensitive data, including financial information, intellectual property, and confidential employee and patient records.

Companies turn to Varonis to detect insider threats and cyberattacks like ransomware and ensure compliance with regulations like the GDPR.

The company is headquartered in New York City and today employs about 1,800 employees worldwide. The company opened its first Cork location in 2017.

"We are thrilled to expand in Cork at the beautiful new Penrose Dock to support our customers across Europe and throughout the world," says Dana Shahar, Chief Human Resources Officer of Varonis.

"Cork is known for its wealth of talented, dedicated employees, and it is a great fit for us as we continue to grow," she added.

Tánaiste and Minister for Enterprise Trade & Employment Leo Varadkar said thas as the past few weeks have shown, data security is an increasingly important sector and companies like Varonis play a critical role in the global economy.

"Ireland provides the talent pool, Government support and academic commitment that will enable Varonis to continue this important work and I wish the company all the best with this new chapter," he added.

IDA Ireland chief executive Martin Shanahan said that today's announcement by Varonis to double its headcount in Cork demonstrates the availability of a skilled and talented workforce across the South West Region.

"This announcement exemplifies IDA Ireland's continued commitment to winning jobs and investments in regional locations," he added.