OverviewSuggest Edit

Tufin is a network security company specializing in the management of network layer firewalls, routers, switches, load balancers, and other network security devices. Its product portfolio includes Tufin SecureTrack, a platform offering firewall operation management, and auditing and compliance; Tufin SecureChange, a security change automation service; and Tufin SecureApp, a connectivity management application. The company's products also help companies to manage and automate the daily configuration changes to network security devices.
TypePublic
Founded2005
HQBoston, US
Websitetufin.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Jan 2020)500(+18%)
Job Openings54
Revenue (FY, 2018)$85 M(+32%)
Share Price (Jan 2020)$14.3 (-1%)

Key People/Management at Tufin

Ruvi Kitov

Ruvi Kitov

Chairman, Co-Founder, CEO
Reuven Harrison

Reuven Harrison

Co-Founder, CTO
Kevin Maloney

Kevin Maloney

SVP of Sales
Jack Wakileh

Jack Wakileh

CFO
Pat Walsh

Pat Walsh

Chief Marketing Officer
Yoram Gronich

Yoram Gronich

VP of Research and Development
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Tufin Office Locations

Tufin has offices in Boston and Reading
Boston, US (HQ)
2 Oliver St
Reading, GB
200 Brook Dr
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Tufin Financials and Metrics

Tufin Revenue

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Tufin's revenue was reported to be $84.98 m in FY, 2018 which is a 31.7% increase from the previous period.
USD

Revenue (Q2, 2019)

25.1m

Gross profit (Q2, 2019)

20.2m

Gross profit margin (Q2, 2019), %

80.5%

Net income (Q2, 2019)

(8.2m)

EBIT (Q2, 2019)

(7.7m)

Market capitalization (22-Jan-2020)

497.3m

Closing stock price (22-Jan-2020)

14.3

Cash (30-Jun-2019)

127.5m

EV

391.6m
Tufin's current market capitalization is $497.3 m.
Annual
USDFY, 2017FY, 2018

Revenue

64.5m85.0m

Revenue growth, %

32%

Cost of goods sold

9.5m13.4m

Gross profit

55.1m71.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

12.3m12.8m15.1m17.9m18.5m19.3m22.5m25.1m

Cost of goods sold

2.0m2.2m2.3m3.2m2.9m3.3m4.0m4.9m

Gross profit

10.3m10.6m12.8m14.7m15.7m16.0m18.4m20.2m

Gross profit Margin, %

84%83%85%82%85%83%82%80%
Annual
USDFY, 2017FY, 2018

Cash

14.7m15.2m

Accounts Receivable

11.5m14.7m

Prepaid Expenses

1.3m5.2m

Current Assets

27.8m36.0m
Quarterly
USDQ1, 2019Q2, 2019

Cash

26.2m127.5m

Accounts Receivable

12.0m13.1m

Prepaid Expenses

6.0m5.3m

Current Assets

44.8m146.5m
Annual
USDFY, 2017FY, 2018

Net Income

(2.8m)(4.3m)

Depreciation and Amortization

368.0k956.0k

Accounts Payable

(253.0k)2.5m

Cash From Operating Activities

(428.0k)4.6m
Quarterly
USDQ1, 2018Q2, 2018Q1, 2019Q2, 2019

Net Income

(726.0k)(3.8m)(4.4m)(12.7m)

Depreciation and Amortization

132.0k272.0k367.0k587.0k

Accounts Payable

1.1m413.0k2.7m1.6m

Cash From Operating Activities

15.8m5.7m11.9m1.5m
USDY, 2019

EV/EBIT

-50.8 x

EV/CFO

255.1 x

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.8 x
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Tufin Operating Metrics

Tufin's Customers was reported to be 2 k in FY, 2018.
Sep, 2016Sep, 2017Sep, 2018FY, 2018

Countries

50 70

Customers

1.70 k1.70 k2 k2 k

Patents (Foreign)

4

Patents (US)

14
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Tufin Acquisitions / Subsidiaries

Company NameDateDeal Size
Tufin Software Europe Limited
Tufin Software France SARL
Tufin Software Germany GmbH
Tufin Software North America

Tufin Revenue Breakdown

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Tufin revenue breakdown by business segment: 50.1% from Product and 49.9% from Maintenance and professional services

Tufin revenue breakdown by geographic segment: 56.8% from Americas, 38.4% from EMEA and 4.8% from Other

Tufin Online and Social Media Presence

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Tufin News and Updates

(TUFN) Alert: Johnson Fistel Launches Investigation into Tufin Software Technologies Ltd.; Investors Suffering Losses Encouraged to Contact Firm

SAN DIEGO, Jan. 9, 2020 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Tufin Software Technologies Ltd. (NYSE: TUFN) ("Tufin") for violations of federal securities laws. On or about April 11, 2019, Tufin sold 7.7 million shares...

Stocks making the biggest moves after hours: Bed Bath & Beyond, Chico's and Tufin Software

Take a look at the companies making headlines after the bell.

Tufin Software Technologies stock soars more than 30% in trading debut

Tufin Software Technologies Ltd. shares soared more than 30% in its first day of trading, after the company priced its initial public offering at the top of its price range.

Israeli cybersecurity company Tufin prices IPO at $14 a share

Tufin Software Technologies Ltd. priced shares at $14 in its initial public offering Wednesday evening, setting up the Israeli cybersecurity company for a Thursday trading debut. Tufin announced that it will sell 7.7 million shares at the top of its proposed IPO range, to bring in at least $107.8 m…

Tufin Files Registration Statement for Proposed Initial Public Offering

BOSTON, March 6, 2019 /PRNewswire/ -- Tufin Software Technologies Ltd. ("Tufin"), a company pioneering a policy-centric approach to security and IT operations, today announced that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission...

Tufin Announces New Cloud Security Solution

BOSTON, Nov. 26, 2018 /PRNewswire/ -- Tufin®, the market-leading provider of Network Security Policy Orchestration solutions, announced its latest cloud-native solution, Tufin Iris. It enables cloud operations and IT security teams to gain visibility and control of security policies for...

Tufin Blogs

What’s New in Tufin Policy Orchestration Suite R19-3

We are excited to welcome 2020 with the release of Tufin Orchestration Suite 19-3 with new features and enhancements, including greater support of our customers’ Software-Defined Networking (SDN) initiatives, whether they implemented Cisco Application Centric Infrastructure (ACI) or VMware NSX-T (NS…

Are We More Secure In 2020 Than In 2010? Summarizing a Decade of Cybersecurity

We’ve left a decade marked by technology churn, change, and surprises—nowhere more so than in cybersecurity. What happened and what have we learned?

How to migrate apps and workloads to the cloud securely and efficiently

What’s common to all cloud migration projects, whether they are lift-and-shift, migration between cloud platforms, or app refactoring projects, is that the end results are portable workloads (e.g. application, database, storage, VM, etc.) cloud-native or not, that can potentially run in the cloud, o…

How to Secure Apps and Workloads in VMware NSX-T with Tufin

Tufin is the first network security policy management vendor to support VMware NSX-T, providing unified visibility and control for NSX-T and across your hybrid environment, and ensuring a smooth and secure migration path from NSX-v to NSX-T. 

A Deeper Dive: Tufin Policy Orchestration Suite R19-2

We recently released Tufin R19-2 with new features and improvements, a result of customer feedback and requests. R19-2 highlights include management of dynamic objects, integration with Cisco ACI to deliver full visibility and monitoring, and advanced next-generation firewall support.
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Tufin Frequently Asked Questions

  • When was Tufin founded?

    Tufin was founded in 2005.

  • Who are Tufin key executives?

    Tufin's key executives are Ruvi Kitov, Reuven Harrison and Kevin Maloney.

  • How many employees does Tufin have?

    Tufin has 500 employees.

  • What is Tufin revenue?

    Latest Tufin annual revenue is $85 m.

  • What is Tufin revenue per employee?

    Latest Tufin revenue per employee is $170 k.

  • Who are Tufin competitors?

    Competitors of Tufin include Splunk, CyberArk Software and Algosec.

  • Where is Tufin headquarters?

    Tufin headquarters is located at 2 Oliver St, Boston.

  • Where are Tufin offices?

    Tufin has offices in Boston and Reading.

  • How many offices does Tufin have?

    Tufin has 2 offices.