biscuit
-2.59%
closure:0
opening:9.13
High:9.28
low:8.95
cycle:—
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
Acquired by the American Turn / River Fund for $ 570 million, about 50% more than the value of Tufin today on the New York Stock Exchange. Upon completion of the transaction, Tufin will become a private company and cooperate with Turn / River in order to generate value, and shareholders will receive a price of $ 13 per share in cash.
Tuffin was established almost 20 years ago, and was issued in 2019. The American Turn / River Foundation specializes in software companies, improving the company and its value. She was selected as a travel partner thanks to her experience and capabilities in the American market which is Tufin’s main market.
“The acquisition is a testament to Tufin’s leadership in security policy management for hybrid networks in a cloud environment,” said Ruby Kituv, chairman, CEO and co-founder of Tufin. “Since the company’s inception almost 20 years ago, we have taken significant steps in developing our policy-based automation solution and become market leaders. This deal is an important milestone for Tuffin, and as a private company, we will have the opportunity to accelerate our growth by investing in our technology, people and market.”
If you want to specialize in the capital market and have a big head and motivation, you can suit us.
The job can be part-time; Flexibility in working hours; Work from home too
Priority (optional) for writing experience and basic familiarity with the capital market.
Leave details and we will get back to you
Thank you for leaving details, we will try to get back to you soon
“We believe Turn / River Capital is the ideal partner for Tuffin as the company moves more toward a subscription-based revenue model,” said Tom Schudorf, chief executive of Tuffin’s board. “We are confident that this deal with Turn / River will enable Tuffin to accelerate this transition, expand into new markets and reach new customer segments.”
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment