Davis Polk advised funds associated with Catalyst Investments L.P. and Marker LLC as selling stockholders in connection with an SEC-registered secondary offering of 4,621,347 ordinary shares of Tufin Software Technologies Ltd. by such selling stockholders, which includes 341,465 ordinary shares sold pursuant to the underwriters’ option to purchase additional shares. Total gross proceeds to the selling stockholders was $78.6 million.
Based in Tel Aviv, Israel, Tufin offers a policy-centric approach to security and IT operations, helping clients visualize, define and enforce a unified security policy across complex, heterogeneous IT and cloud environments. Since its inception, Tufin’s solutions have been purchased by over 2,000 customers in over 70 countries, including approximately 16% of the Global 2000.
The Davis Polk capital markets team included partner Michael Kaplan and associates John H. Runne and Ryan Lewis. All members of the Davis Polk team are based in the New York office.