Tufin Software Technologies Ltd. (TUFN) Announces April 11th IPO

Tufin Software Technologies Ltd. (TUFN) is planning to raise $102 million in an IPO on Thursday, April 11th, IPO Scoop reports. The company will issue 7,700,000 shares at $12.00-$14.50 per share.

In the last year, Tufin Software Technologies Ltd. generated $85 million in revenue and had a net loss of $4.3 million. Tufin Software Technologies Ltd. has a market-cap of $421.7 million.

J.P. Morgan, Barclays Capital and Jefferies served as the underwriters for the IPO and Oppenheimer, Piper Jaffray, Stifel and William Blair were co-managers.

Tufin Software Technologies Ltd. provided the following description of their company for its IPO: ”  We are pioneering a policy-centric approach to security and IT operations. We transform enterprises’ security operations by helping them visualize, define and enforce a unified security policy across complex, heterogeneous IT and cloud environments. Our products govern how individuals, systems and applications are permitted to communicate and provide policy-based security automation, enabling customers to reduce the time to implement complex network changes from days to minutes. Our solutions increase business agility, eliminate errors from manual processes and ensure continuous compliance through a single console. Since our inception, our solutions have been purchased by over 2,000 customers in over 70 countries, including approximately 15% of the Global 2000. “.

Tufin Software Technologies Ltd. was founded in 2005 and has 424 employees. The company is located at 5 Shoham Street, Ramat-Gan 52521, Israel and can be reached via phone at +972 (3) 612-8118 or on the web at http://www.tufin.com.

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