Tufin Technologies Ranks #2 In The 2010 Deloitte Israel Technology Fast 50

Security Lifecycle Management Leader Attributes Impressive Growth to Innovation and Unwavering Commitment to Customer, Partner and Employee Satisfaction

 

October 18, 2010 -Tufin Technologies, the market-leading provider of Security Lifecycle Management Solutions, today announced that it has ranked #2 on the 2010 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel. In a nation known for producing some of the World's most successful and innovative technology companies, Tufin's phenomenal year-over-year growth topped the list, making its achievement even more noteworthy.

"Achieving sustained revenue growth of 5359% over five years is a tremendous accomplishment for a technology company, especially one operating in a competitive, tumultuous business environment such as the IT Security industry," said Tal Chen, director in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. "Having ranked so high on this year's list, Tufin deserves special recognition for its remarkable growth, and we commend them for it."

Tufin has provided its 600 customers with the ability to automate critical but highly error prone, manual network security processes, which in turn has enabled them to cost-effectively manage their network security policy, comply with regulatory standards, and minimize risks. 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.

Tufin's ability to deliver such a strong ROI has been validated not just by its customers but also by its 170-strong network of Channel partners. A core component of its go-to-market strategy, Tufin recognized the importance of the channel early on and cultivated a strong, high performing network of resellers and distributors - most of which, after seeing Tufin solution in action have made Tufin their exclusive Security Lifecycle Management partner.

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.

"Being recognized by Deloitte as the second fastest growing technology company is in Israel is particularly fulfilling for two main reasons," said Ruvi Kitov, CEO, Tufin Technologies. "First, it validates that Tufin's commitment to Making Security Manageable is more then just "good security" - it's also good business. Second, that our commitment to service and dedication - to our customers, partners, and employees - has resulted in our ability to manage our rapid growth while continuing to deliver great products and maintain a healthy balance sheet. By keeping our focus on innovation, quality and never losing sight of the needs of the people using, developing and evangelizing our products, we have been able to propel the company forward and not just to survive, but thrive in what has been rough economic climate."

This prestigious honor is the latest in a series of accolades and honors Tufin has received throughout 2010. It was recently named a finalist in Network Computing's "Secure Computing" awards in three categories - Best Bench Tested Solution of the Year, Best Enterprise Security Solutions of the Year and Network Security Solution of the Year. 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 and  a standout review in Network Computing magazine of its automated change management solution, SecureChange Workflow. 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.

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, 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 600 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 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:

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