News
Tufin ranks First in the Deloitte Technology Fast 50
September 2011 by Marc Jacob
Tufin Technologies 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.
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.
