Deal Details
Follow-on Offering
Summary
Baird served as co-manager on this offering
About
Tufin Software Technologies Ltd. (“Tufin” or the “Company”) (NYSE: TUFN) recently completed a secondary offering of 4,279,882 ordinary shares at a price of $17.00 per share, generating gross proceeds of approximately $72.8 million. The offering was upsized from the previously announced 3,500,000 shares. All of the shares sold in the offering were offered by certain affiliates of Catalyst Investments L.P. and Marker LLC (the “selling stockholders”). In addition, the underwriters have been granted a 30-day option to purchase up to an additional 641,982 ordinary shares from the selling stockholders.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. With over 2,000 customers since its inception, the Company’s network security automation enables enterprises to implement changes in minutes instead of days, while improving their security posture and business agility. Tufin is headquartered in Tel Aviv, Israel and Boston, Massachusetts.
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- Date
- December 2019
- Company
- Tufin Software Technologies Ltd.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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