Tufin News
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Leading Tufin Partners Across Americas, APAC and EMEA Recognized for Delivering Excellence in Security Solutions
Tufin expands security solutions portfolio with AKIPS acquisition - SiliconANGLE
Tufin Software Technologies Ltd. has announced the acquisition of network monitoring solutions company AKIPS Pty. Ltd. The acquisition is expected to strengthen Tufins security solutions portfolio and provide customers with comprehensive insights into their operations. AKIPS, which has over 250 customers and product coverage of more than 90 vendors, will help Tufin create a differentiated offering in the market. Tufin was acquired for $570 million by Turn/River Management LP in 2022 and currently has over 2,900 customers across various industries.
Acquisition
Tufin cyber company fired 10% of its employees, about 50 employees and did not fill vacant positions: "Part of the efficiency process, we will grant increased compensation"
Cybersecurity company Tufin has recently laid off about 10% of its workforce, approximately 50 employees, and has not filled positions that have become vacant in recent months, reducing its overall workforce by 12%. This comes as part of the companys efficiency process. Tufin, which operates in the field of automation in permissions and risk management for companies on the organizational network, was founded in 2005 and went public in 2019 at a value of $454 million. In 2022, Tufin was acquired by private equity firm Turn/River Capital at a value of $570 million, reflecting a 60% increase over its stock market value.
LayoffsAcquisition
Tufin's CEO Ruvi Kitov to Present Keynote on Securing Connectivity in the Cloud at the Fortinet PGA Championship Security Summit
Tufin Wins 2022 SC Award for Best Risk/Policy Management Solution
Tufin, a leader in security policy automation, has announced that its Tufin Orchestration Suite has been named the winner of the 2022 SC Award in Trust for Best Risk/Policy Management Solution. The Tufin Orchestration Suite is a unified platform that enables IT and cloud security teams to gain centralized visibility into their infrastructure and traffic, design & automate security policy, proactively meet compliance obligations, and collaborate successfully to adopt an aggressive, enterprise-wide security posture. The award recognizes the solutions, organizations, and people driving innovation and success in information security.
Customers
Israeli cybersecurity co Tufin lays off 55
Israeli cybersecurity company Tufin Software Technologies Ltd. is laying off 10% of its workforce, which includes 55 employees, 25 of which are based in Israel. This comes after the company announced its acquisition by US software-focused investment firm Turn/River Capital in an all-cash transaction valued at $570 million. The layoffs are part of the companys streamlining process, designed to speed up the return to profit. Tufin will provide benefits and support services to those laid off during the adjustment process.
LayoffsAcquired-by
Tufin Expands Security Policy Automation Capabilities for Hybrid Cloud Environments
Turn/River Capital buys cybersecurity co Tufin for $570m
US software investment company Turn/River Capital is acquiring Israeli security policy management company Tufin Software Technologies Ltd. in an all-cash transaction valued at $570 million. Tufin shareholders will receive $13 per share in cash, a 44% premium on Tufins closing share price. After the acquisition, Tufin will delist and partner with Turn/River to enhance policy-driven automation for enterprise customers. Tufins CEO expressed confidence in the deals potential to accelerate growth through investments in technology, people, and go-to-market. Turn/River Capital aims to leverage its operations teams expertise in marketing, sales, and customer success to drive accelerated growth and scale for Tufin. Tufin had its IPO in 2019 at a valuation of $480 million.
Acquisition
הקרנות הוותיקות בתופין ויתרו על מהלך אקטיביסטי ויצאו ברווח ניכר
Marker Fund has distributed all its Tufin stocks to investors, joining Catalyst Fund which had done the same a few months earlier. Tufin, a technology company that provides information security enforcement solutions, has seen its stock price decline since its IPO. Marker Fund, led by Ohad Finkelstein and Yuval Shachar, had invested in Tufin in 2011 and participated in subsequent funding rounds. Catalyst Fund, led by Edward Kukerman, had invested in Tufin in its first funding round in 2007 and also participated in subsequent funding rounds. The two funds agreed to collaborate on managing their investments in Tufin, including dialogue with the management and board of directors.
Investment
Tufin Named a Top Company to Work for in High-Tech in Israel
Tufin to Integrate With AWS Network Firewall to Deliver Security Policy Management Across Amazon Virtual Private Clouds
Tufin, a company pioneering a policy-centric approach to security and IT operations, announced its integration with AWS Network Firewall. The integration will provide visibility and extend security policy management to the cloud without compromising developer productivity. AWS Network Firewall is a managed service that makes it easy to deploy essential network protections for Amazon VPCs. The integration with Tufin will allow users to gain visibility into cloud security posture, establish security guardrails and achieve continuous compliance.
Partners
Tufin SecureCloud Enables Companies to Secure Hybrid Cloud Environment
Tufin has announced the availability of Tufin SecureCloud, a security policy automation service for cloud-native and hybrid cloud environments. This addition to the Tufin Orchestration Suite makes Tufin the first vendor to unify security policy management across different cloud environments. SecureCloud provides visibility and control of cloud security, automates security policy discovery and generation, and establishes a zero trust security model. The service aims to address the challenges of complex and fragmented networks in dynamic cloud development environments. Tufin SecureCloud is now generally available.
CustomersPartners
Where data management meets cybersecurity
Israeli cybersecurity company Tufin Software Technologies Ltd. recently held its IPO and began trading on the NYSE. In an interview with the companys founders, they discussed the companys history, products, and organizational structure. Tufins main product, SecureTrack, is a cybersecurity and information security solution that provides command and control over information security policy. The company also offers other solutions such as SecureChange, SecureApp, Orca, and Iris. Tufin has over 2,000 customers worldwide and generated $85 million in revenue in 2018. Following the IPO, the founders each hold 7% of the companys shares, and other prominent shareholders include Catalyst Investments and Marker. Tufin chose to list on the NYSE for its IPO. The founders emphasized the importance of maintaining the companys organizational culture as it continues to grow.
Public TradingCustomersInvestment
Tufin Orchestration Suite release features policy-based automation for server policy cloning - Help Net Security
Tufin has released Tufin Orchestration Suite R19-1, which includes policy-based automation for server policy cloning. This allows enterprises to quickly and accurately duplicate policies for new servers during application migration, saving time and resources. The release also enhances network segmentation capabilities, allowing for the protection of unassociated IP addresses and the enforcement of a unified security policy across large networks. The new version of the suite also includes vendor-specific enhancements for next-generation firewall policies, Cisco Nexus VXLAN support, and automated server decommissioning for Check Point global objects. The release aims to help enterprises improve the speed, accuracy, and security of application migration and network segmentation.
CustomersExpand
Tufin IPO priced at $14 per share
Israeli-US cybersecurity company Tufin has completed pricing of its IPO on the New York Stock Exchange, raising a total of $108 million. The company is valued at $450 million. Tufins shares will be traded under the ticker symbol TUFN. The lead underwriters for the IPO are JP Morgan, Barclays Capital, and Jefferies. Tufins revenue in 2018 was $85 million, with a net loss of $4.3 million. The company was founded in 2015 and provides cybersecurity solutions for enterprise network security.
Public Trading
Cybersecurity co Tufin to raise $92-108m on NYSE
Israeli cybersecurity company Tufin Software Technologies is progressing towards an IPO on the New York Stock Exchange. The company aims to raise $92.4-108 million, with a potential increase to $106-124 million if underwriters exercise their options. Tufin is valued at $450 million. The lead underwriters for the IPO are JP Morgan, Barclays Capital, and Jefferies. Tufins revenue in 2018 was $85 million, with a net loss of $4.3 million. The company was founded in 2015 by Ruvi Kitov and Reuven Harrison, and their ownership stakes will be diluted to 7% each after the offering. Other major shareholders include the Catalyst and Marker funds.
Public Trading
Israeli cybersecurity co Tufin plans Nasdaq IPO
Israeli cybersecurity company Tufin is planning an IPO on Nasdaq at a company valuation of $500 million. Tufin provides network security policy management and firewall management solutions. The company has over 2,000 customers in more than 50 countries.
Public Trading
Security Policy Orchestration Software supports Amazon AWS.
Tufin announces a new version of its Tufin Orchestration Suite R15-1, which delivers security policy orchestration across heterogeneous platforms. The new features include support for Amazon AWS, an advanced security policy browser, and software-defined firewall policies for managing Check Point, Cisco, and Juniper security policies. The announcement comes as enterprises are being held more accountable for cyber-threats. The latest version of the Tufin Orchestration Suite will be generally available in March 2015.
PartnersExpand
Report: Tufin Information Security Co. Raises $8M
Israeli startup Tufin raised $8 million in its third investment round, bringing the total investments in the company to $32.6 million. The investment will be used to simplify the management of data security networks. The round was led by the Vintage Fund and the Marker Investment Fund, both of which have participated in previous rounds. Tufin has over 1,400 customers in over 50 countries and collaborates with leading information security companies such as Cisco and Juniper.
Investment
