Recently Honored as the Second Fastest Growing Technology Company in Israel, Tufin's Phenomenal Revenue Growth Leads to Top Spot on Deloitte's EMEA Ranking
November 30, 2010 - Tufin Technologies, the market-leading provider of Security Lifecycle Management Solutions, today announced that it has ranked #10 on the 2010 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, the Middle East and Africa. Having already ranked second on Deloitte Israel's Technology Fast 50 ranking, Tufin's phenomenal year-over-year growth - 5359% over five years - also landed it a top spot for the EMEA list, making its achievement even more noteworthy.
"Making the Deloitte Technology Fast 500 EMEA ranking is a testament to a company's commitment to technology," said David Halstead, Deloitte United Kingdom and partner in charge of the Deloitte Technology Fast 500 EMEA programme. "Tufin's top ranking in Israel - a country known for being a hotbed of technology innovation, combined with its #10 rank in EMEA is an even stronger testament to its vision and ability to execute. Its incredible success in a difficult economic climate is a tremendous accomplishment for any technology company, and Tufin deserves full recognition for its accomplishments."
The Deloitte program is based on percentage revenue growth over five years and recognizes all areas of technology and includes both public and private companies. Founded in 2005, Tufin has provided its 600+ customers with the ability to automate critical but highly error prone, manual network security processes, enabling them to cost-effectively manage their network security policy, comply with regulatory standards, and minimize IT risk. Tufin's products slash the time and cost of managing these processes by more than half - delivering a compelling value proposition in a fast-growing industry.
To determine Tufin's position on the list, Deloitte reviewed fiscal year revenues over five years (2005-2009), calculated the revenue growth percentage over five years, and compared it to the growth of participating technology companies, all of which held enough confidence in their financial prowess to invite close scrutiny of their economic performance.
"Tufin has been extremely fortunate to have developed the right set of solutions at the right time, and even more fortunate to have executed on the opportunity in a way that has sustained our growth," said Ruvi Kitov, CEO, Tufin Technologies. "Having this validated by Deloitte is an incredible honor and motivates us to work even harder to deliver our customers the most innovative, effective and useful solutions for managing network security operations."
This prestigious honor is the latest in a series of accolades and honors Tufin has received throughout 2010. In addition to landing the #2 spot on the Deloitte Technology Fast 50 Israel list, at the end of October 2010 Tufin SecureChange Workflow won Network Computing's prestigious "Computing Security" award for Best Bench Tested Solution of the Year 2010, based on a standout review that appeared in the May 2010 issue. In July it won a prestigious Stevie Award - "Innovator of the Year," from the International Business Association, and in June it received a 5-star review (top rating) in SC Magazine of Tufin SecureTrack, its flagship firewall operations solution. Earlier in the year, it received an honorable mention on StartupBusiness.com's list of Hot 100 Startups and being named a Red Herring EMEA "Hot 100" finalist.
This award dovetails with the general availability release of Tufin Security Suite (TSS) 5.2 - the latest combined offering of SecureTrack, its firewall operations, auditing and compliance product and SecureChange Workflow, its security change automation product. Featuring new network topology intelligence, multi-tenancy management, total support for Juniper Networks JunOS firewalls, enhanced Fortinet support, and automatic change verification, version 5.2 enables organizations to automate network security policy and change management at a much greater depth and breadth. Also generally available as part of the 5.2 offering is a custom solution for Managed Security Service Providers (MSSPs), that enables MSSPs to increase their service offerings and value-add to enterprise customers.
About Tufin Technologies
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 award-winning products SecureTrack™ and SecureChange™ Workflow help security operations teams to manage change and perform reliable audits while dramatically reducing manual, repetitive tasks through automation. Founded in 2005 by leading firewall and business systems experts, Tufin serves more than 600 customers in industries from telecom and financial services to energy, transportation and pharmaceuticals. Tufin partners with leading vendors including Check Point, Cisco, Juniper Networks, Fortinet, F5, Blue Coat, McAfee and BMC Software, 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:
About Deloitte Technology Fast 500 EMEA
The Deloitte Technology Fast 500 EMEA is the region's most objective industry-ranking standard to focus on the technology field and recognizes technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East and Africa during the past five years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies - large, small, public and private - span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, internet, media, life sciences and emerging areas, such as clean technology.
The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited's Technology, Media & Telecommunications (TMT) global industry group. Co-sponsors include Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow, and Fidelity Growth Partners Europe, a venture and growth capital investor which backs entrepreneur with aspiration for greatness in the IT and clean technology sectors across Europe.
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