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
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