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.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu
Limited, a UK private company limited by guarantee, and its network
of member firms, each of which is a legally separate and
independent entity. Please see www.deloitte.com/about for a
detailed description of the legal structure of Deloitte Touche
Tohmatsu Limited and its member firms.
Deloitte provides audit, tax, consulting, and financial advisory
services to public and private clients spanning multiple
industries. With a globally connected network of member firms in
more than 140 countries, Deloitte brings world-class capabilities
and deep local expertise to help clients succeed wherever they
operate. Deloitte's approximately 170,000 professionals are
committed to becoming the standard of excellence.
