Ongoing Profitability, 50% Increase in Headcount, Doubling
of Customer Base and Constant Industry Recognition Highlight
Tufin's Growing Success
March 9, 2010- Tufin Technologies, the leading provider of
Security Lifecycle Management solutions, today announced a record
year in 2009. Having beaten expectations across the board, Tufin
entered 2010 proving that the operational efficiencies gained by
automating policy and change management for firewalls are widely
recognized. Tufin's strong push into 2010, which already has
delivered several strategic wins, indicates that security
practitioners understand that extending those benefits to
additional network infrastructure such as routers, switches, and
load balancers is a clear and attainable priority for 2010.
"Having tracked hundreds of private security companies Tufin
shares many attributes of the successful ones," said Ariel Avitan,
manager, Information Security Research, EMIA at Frost &
Sullivan. "Tufin is executing well and its strong value proposition
has enabled it to navigate through market upsets outside its
control. The time and cost savings Tufin provides is highly
practical, and the ability to do more with less makes security
practitioners look good - a strategic advantage in uncertain
economic times."
Key Tufin milestones for 2009 include:
- Achieving 45% growth in revenues over 2008 in a difficult
economic climate, with aggregate revenue growth of 4000% since
2005
- Maintaining a cash flow positive, profitable state while
aggressively building out the company's sales, marketing, and
R&D organizations
- Expanding its customer base from 280 to more than 500
customers, which includes the world's leading finance, telco's and
MSSP's, pharmaceutical, energy, transportation and technology
companies
- Launching the Tufin Open Platform Alliance and delivering
interoperability with for F5 and Blue Coat, Cisco, HP ProCurve,
Juniper JUNOS and other network devices
- Increasing its security and network focused partner list by 30%
from 110 to over 150 partners
- Training more than 300 partners and customers as Tufin
Certified Security Experts (TCSE's) by the end of December
2009
- Inking strategic partnerships with F5, BMC, and McAfee
- Increasing headcount by almost 50%
- Winning numerous awards including Information Week's Start-up
50, CRN's Emerging Vendors, multiple SC Magazine and InfoSecurity
and Network Product Guide awards
"Companies are emerging from the economic slow down smarter and
leaner, and our customers tell us that solutions like ours - built
to ensure robust network security whilst also providing
considerable costs and time savings - help them to emerge with
their sanity, teams, and budgets intact," said Ruvi Kitov, CEO,
Tufin. "Customers and partners recognize Tufin for its vision,
focus and customer service. In 2010, we are committed to continued
delivery of great products and services and extending our market
leadership."
Tufin's 2010 accomplishments
- In January, Tufin was named a finalist in the Hot Companies
category by Network Products Guide
- In early February, Tufin named a finalist for two additional SC
Magazine Europe awards in the Best Security Management and Best
Network Security categories
- Expanding the sales team in the Americas and EMEA, opening the
first sales office in APAC, extending the marketing, products,
support and R&D teams. See careers page on http://www.tufin.com/about_careers.php
