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Tufin (NYSE: TUFN) reported a 15% year-over-year revenue increase for Q2 2022, totaling $29.5 million. Product revenue surged 38%, reaching $13.4 million, while maintenance and professional services revenue remained flat at $16.1 million. Despite this growth, Tufin posted a GAAP operating loss of $14.3 million, up from $11.4 million in Q2 2021. The company also announced a definitive agreement for acquisition by Turn/River Capital, with the pending transaction expected to lead to the delisting of its shares.
Tufin (NYSE: TUFN) announces its participation in the RSA Conference 2022 from June 6-9 in San Francisco. The company will showcase its products at booth #5973 and will feature a presentation by John Moran, focusing on measuring ROI in network security automation on June 9 at 9:40 am PDT. Tufin aims to help organizations optimize their security management processes and enhance network visibility. With over 2,000 customers, Tufin's solutions promise increased agility while maintaining a strong security posture.
Tufin (NYSE: TUFN) announced the launch of the Tufin Orchestration Suite R22-1 at its annual user conference, Tufinnovate. This release enhances security management, particularly for Azure Firewall, improving visibility and control across hybrid environments. Key features include automated change management for Check Point and Palo Alto Networks, and CI/CD integration for continuous compliance. The suite aims to streamline security policy management, reduce risks, and is set to be generally available on June 8. Tufin serves over 2,000 clients, focusing on network security and compliance.
Tufin announces its annual user conference, Tufinnovate, scheduled for June 1-3, 2022, held virtually. This year’s focus is on establishing consistent security policies across networks, clouds, and connectivity. Notable speakers include
Tufin reported Q1 revenue of $26.1 million, a 22% increase year-over-year, with product revenue rising 61% due to heightened demand for cybersecurity solutions. However, the company posted a GAAP operating loss of $15.4 million, up from $12.8 million last year, and a net loss of $15.5 million, or $0.41 per share. Tufin is set for acquisition by Turn/River Capital at $13.00 per share, valuing it at approximately $570 million. The transaction awaits shareholder and regulatory approvals, and no earnings call or Q2 guidance will be provided.
Tufin (NYSE: TUFN) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the Securities and Exchange Commission on March 7, 2022. Investors can access the report on Tufin’s investor relations website or the SEC’s site. The company offers a free hard copy of the annual report containing audited consolidated financial statements upon request. Tufin provides solutions that simplify complex network management and enhance security for over 2,000 customers, improving operational agility and compliance.
Tufin (NYSE: TUFN) has announced an agreement to be acquired by Turn/River Capital in an all-cash deal valued at approximately
Tufin has been awarded the Bronze Stevie Award in the Customer Service Department of the Year for Computer Software. The award recognizes Tufin's dedication to superior customer support, achieving a 94% customer satisfaction rate and a 99% first response SLA. With over 2,000 customers in 70 countries, Tufin emphasizes operational support for its clients to ensure seamless implementation and optimization of its solutions. The awards will be presented on May 11.
