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Tufin Announces Launch of Initial Public Offering

April 1, 2019

BOSTON--(BUSINESS WIRE)--Apr 1, 2019--Tufin Software Technologies Ltd. (“Tufin”), a company pioneering a policy-centric approach to security and IT operations, today announced that it has launched its initial public offering of 7,700,000 ordinary shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). In connection with the offering, Tufin has granted the underwriters an option to purchase up to an additional 1,155,000 ordinary shares. The price range for the offering is $12.00 to $14.00 per ordinary share. Tufin’s shares have been approved for listing on the New York Stock Exchange under the ticker symbol “TUFN”.

J.P. Morgan Securities LLC, Barclays Capital Inc. and Jefferies LLC are acting as book-running managers in the offering. Oppenheimer & Co. Inc., Piper Jaffray & Co., Stifel, Nicolaus & Company, Incorporated, and William Blair & Company, L.L.C. are acting as co-managers in the offering.

The offering will be made only by means of a prospectus. A preliminary prospectus for the offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1-866-803-9204; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by emailing Barclaysprospectus@broadridge.com; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at 1-877-547-6340, or by email at Prospectus_Department@Jefferies.com.

A registration statement on Form F-1 related to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Tufin

Tufin simplifies management of some of the largest, most complex networks in the world, consisting of thousands of firewall and network devices and emerging hybrid cloud infrastructures. Enterprises select the company’s Tufin Orchestration Suite™ to increase agility in the face of ever-changing business demands while maintaining a robust security posture. The Suite reduces the attack surface and meets the need for greater visibility into secure and reliable application connectivity. With over 2000 customers since our inception, Tufin’s network security automation enables enterprises to implement changes in minutes instead of days, while improving their security posture and business agility.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190401005426/en/

CONTACT: Dan Gaffney

fama PR for Tufin

(617) 986-5036

Tufin@famapr.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE OTHER TECHNOLOGY

SOURCE: Tufin Software Technologies Ltd.

Copyright Business Wire 2019.

PUB: 04/01/2019 07:35 AM/DISC: 04/01/2019 07:35 AM

http://www.businesswire.com/news/home/20190401005426/en