SOURCE: Tufin Technologies

March 09, 2010 08:00 ET

Tufin Starts 2010 With Strong Momentum; Logs Banner Year in 2009 Despite Tough Economic Climate

Ongoing Profitability, 50% Increase in Headcount, Doubling of Customer Base and Constant Industry Recognition Highlight Tufin's Growing Success

RAMAT GAN, ISRAEL--(Marketwire - March 9, 2010) -  Tufin Technologies, the leading provider of Security Lifecycle Management solutions, today announced a record year in 2009. Having beaten expectations across the board, Tufin entered 2010 proving that the operational efficiencies gained by automating policy and change management for firewalls are widely recognized. Tufin's strong push into 2010, which already has delivered several strategic wins, indicates that security practitioners understand that extending those benefits to additional network infrastructure such as routers, switches, and load balancers is a clear and attainable priority for 2010.

"Having tracked hundreds of private security companies Tufin shares many attributes of the successful ones," said Ariel Avitan, manager, Information Security Research, EMIA at Frost & Sullivan. "Tufin is executing well and its strong value proposition has enabled it to navigate through market upsets outside its control. The time and cost savings Tufin provides are highly practical, and the ability to do more with less makes security practitioners look good -- a strategic advantage in uncertain economic times."

Key Tufin milestones for 2009 include:

  • Achieving 45% growth in revenues over 2008 in a difficult economic climate, with aggregate revenue growth of 4000% since 2005
  • Maintaining a cash flow positive, profitable state while aggressively building out the company's sales, marketing, and R&D organizations
  • Expanding its customer base from 280 to more than 500 customers, which includes the world's leading finance, telcos and MSSP's, pharmaceutical, energy, transportation and technology companies
  • Launching the Tufin Open Platform (TOP) Alliance and delivering interoperability with for F5 and Blue Coat, Cisco, HP ProCurve, Juniper JUNOS and other network devices
  • Increasing its security and network focused partner list by 30% from 110 to over 150 partners
  • Training more than 300 partners and customers as Tufin Certified Security Experts (TCSE's) by the end of December 2009
  • Inking strategic partnerships with F5, BMC, and McAfee
  • Increasing headcount by almost 50%
  • Winning numerous awards including Information Week's Start-up 50, CRN's Emerging Vendors, multiple SC Magazine and InfoSecurity and Network Product Guide awards 

"Companies are emerging from the economic slowdown smarter and leaner, and our customers tell us that solutions like ours -- built to ensure robust network security whilst also providing considerable costs and time savings -- help them to emerge with their sanity, teams, and budgets intact," said Ruvi Kitov, CEO, Tufin. "Customers and partners recognize Tufin for its vision, focus and customer service. In 2010, we are committed to continued delivery of great products and services and extending our market leadership."

Tufin's 2010 accomplishments

  • In January, Tufin was named a finalist in the Hot Companies category by Network Products Guide
  • In early February, Tufin was named a finalist for two additional SC Magazine Europe awards in the Best Security Management and Best Network Security categories
  • Expanding the sales team in the Americas and EMEA, opening its first sales office in APAC and extending the marketing, products, support and R&D teams. See careers page on http://www.tufin.com/about_careers.php 

About Tufin Technologies, Inc.
Tufin™ is the leading provider of Security Lifecycle Management solutions that enable companies to cost-effectively manage their network security policy, comply with regulatory standards, and minimize IT risk. Tufin's products SecureTrack™ and SecureChange™ Workflow help security operations teams to manage change, minimize risks and dramatically reduce manual, repetitive tasks through automation. With a combination of accuracy and simplicity, Tufin empowers security officers to perform reliable audits and demonstrate compliance with corporate and government standards. Founded in 2005 by leading firewall and business systems experts, Tufin serves more than 500 customers in industries from telecom and financial services to energy, transportation and pharmaceuticals. A respected member of the network security community, Tufin partners with leading vendors including Check Point, Cisco, Juniper, Fortinet and F5, and is committed to setting the gold standard for technological innovation and dedicated customer service. For more information visit www.tufin.com, or follow Tufin on:
Twitter at http://twitter.com/TufinTech,
LinkedIn at http://www.linkedin.com/groupRegistration?gid=1968264,
Facebook at http://www.facebook.com/group.php?gid=84473097725,
The Tufin Blog at http://tufintech.wordpress.com/,
The Tufin Channel on YouTube at http://www.youtube.com/user/Tufintech

Contact Information

  • Media Contact:
    Elizabeth Safran
    Tufin Public Relations
    Office: 212-740-1037
    Cell: 408-348-1214
    Elizabeth@tufin.com