Tenable Inc., the cybersecurity company headquartered in Maryland, has officially revealed its plans to acquire the Israel-based Cloud Security Startup, Ermetic. Although the exact financial terms of the deal have not been disclosed, reliable sources have indicated that the acquisition will be valued at $265 million, a figure lower than the previously estimated $340 million proposed by some industry analysts.
Ermetic’s management has expressed enthusiasm regarding the acquisition. They are content with the agreement, as all of their assets are set to be purchased for $240 million in cash and an additional $25 million in stocks and RSUs, with the deal expected to be completed by the end of this year.
Reports suggest that Ermetic’s technology will play a pivotal role in enhancing Tenable’s ‘Exposure Management Platform,’ which encompasses various features such as vulnerability management, web application security, cloud security, identity security, and attack surface management, including OT security.
Notably, Tenable’s Exposure Management Platform recently integrated advanced AI capabilities into its services, introducing the ExposureAI engine. This highly scalable engine is designed to generate actionable insights for risk remediation and reduction.
Tenable’s acquisition history includes:
In 2016, Tenable acquired FlawCheck for $32 million.
The company successfully acquired the Israel-based technology startup Indegy LTD for $78 million.
In April 2022, Tenable announced its intention to acquire the attack surface management software startup Bit Discovery for $45 million.