Tufin Technologies Triples Revenue, Doubles Customer Base In 2008

To support the growing demand for firewall auditing and security change automation solutions Tufin is continuing its corporate expansion

January 21, 2009

Ramat Gan, Israel and Burlington, Massachusetts, January 20, 2009 - Tufin Technologies, the leading provider of Security Lifecycle Management solutions, today announced its sales for fiscal year 2008 tripled over the previous year, with a record sales growth of 3,200% since 2005. In 2008, Tufin had its fourth consecutive cash flow positive year and has experienced rapid customer-base growth, securing new contracts with many Fortune 1000 companies. To support the growing demand for firewall auditing and security change automation solutions Tufin is continuing its corporate expansion. Tufin has doubled its headcount this year, launching US east coast and west coast operations and opening new offices in The Netherlands and Italy. In 2008, Tufin also doubled its number of channel alliance partners from 52 to 110, signing key agreements with Dimension Data and Computerlinks in Europe, and AccessIT Group, Accuvant, Akibia, Cadre, CipherTechs and Nexum in the US.