Firewall Management Leader Attributes Landing Top Spot to an Unwavering Commitment to Innovation, "Fanatical Customer Support" and Top-Notch Employees and Partners

Tufin Technologies today announced that it has ranked number one on the 2011 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel. In 2010, Tufin placed second, making this the second year in a row that Tufin has topped Deloitte Israel's prestigious list. In a nation known for producing some of the World's most successful and innovative technology companies, ranking anywhere on Deloitte Israel's list is a major accomplishment. Tufin's placement in the top two for two years running combined with almost a 1000% percent increase in growth from Tufin's 2010 ranking makes this year's achievement even more noteworthy.

"Ranking so high up on the Deloitte Technology Fast 50 for the second year in a row is a testament to Tufin's ability to deliver technology solutions that clearly improve the ability of organizations to manage network security operations", said Tal Chen, partner at Deloitte Brightman Almagor Zohar in charge of the Israel Technology Fast 50 Program. "With its 6343% growth rate over five years - up from 5359% in 2010 - Tufin has proven that its leadership has the vision, determination and momentum to succeed in the extremely competitive IT Security industry."

Tufin has provided more than 800 customers across the globe 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. On average, 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. Since the beginning of 2010, Tufin has expanded its network of channel partners from 160 to over 200 and grown its customer list from 550 to more than 800 customers.

To determine Tufin's position on the list, Deloitte reviewed fiscal year revenues over five years, 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. With 6343% growth over the past five cash-flow positive years, Tufin is solidly positioned to maintain its strong growth.

"We are extremely proud of our first place ranking on this year's Deloitte Israel Technology Fast 50 list," said Ruvi Kitov, CEO, Tufin Technologies. "Our commitment to delivering world class technology solutions that provide tangible business value and strong ROI for our customers is one that every single Tufin employee believes in. That combined with high performing channel partners and passionate customers are what fuel our ongoing growth. Our premier ranking for two years running is a testament to the efforts of all those individuals, and we look forward to an equally prosperous and successful 2012."

This prestigious honor is the latest in a series of accolades and honors Tufin has received throughout 2011. In March 2011, Tufin became the first Firewall Management vendor to announce meaningful support for Next Generation firewalls by delivering automated policy management for user and application level policies. This past June, it landed its second five out of five stars review and "Best Buy" designation from SC Magazine. Most recently, Tufin was announced as a finalist for multiple Computing Security awards and was named an "Emerging Vendor" in the Security Space by CRN.

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. With the award-winning Tufin Security Suite, security teams are successfully managing firewall operations and performing audits and risk assessments - often in half the time. Founded in 2005 by leading firewall and business systems experts, Tufin serves more than 800 customers in industries from telecom and financial services to energy, transportation and pharmaceuticals. Tufin partners with leading vendors including Check Point, Cisco, Juniper Networks, Palo Alto Networks, Fortinet, F5, Blue Coat, McAfee and BMC Software, and is known for technological innovation and dedicated customer service.

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About Tufin 

Tufin (NYSE: TUFN) simplifies management of some of the largest, most complex networks in the world, consisting of thousands of firewall and network devices and emerging hybrid cloud infrastructures. Enterprises select the company’s Tufin Orchestration Suite™ to increase agility in the face of ever-changing business demands while maintaining a robust security posture. The Suite reduces the attack surface and meets the need for greater visibility into secure and reliable application connectivity. With over 2000 customers since its inception, Tufin’s network security automation enables enterprises to implement changes in minutes instead of days, while improving their security posture and business agility. 

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Follow Tufin on Twitter: @TufinTech

Read more on Tufin’s blog: Suite Talk

Investor Relations Contact:
Ryan Burkart

Susan Rivera
Corporate Communications Manager

Source: Tufin