BOSTON--(BUSINESS WIRE)--Tufin Software Technologies Ltd., a company pioneering a policy-centric approach to security and IT operations, today announced the pricing of its initial public offering of 7,700,000 ordinary shares at an initial public offering price of $14.00 per share. All of the shares are being offered by Tufin. In addition, Tufin has granted the underwriters a 30-day option to purchase up to an additional 1,155,000 ordinary shares at the initial public offering price less the underwriting discount. The shares are expected to begin trading on the New York Stock Exchange on April 11, 2019 under the ticker symbol “TUFN” and the offering is expected to close on April 15, 2019, subject to customary closing conditions.

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.

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.