Tenable (Nasdaq: TENB), a Columbia, MD-based exposure management company, acquired Ermetic, a Tel Aviv-Yafo, Israel-based cloud-native application protection platform (CNAPP) company and provider of cloud infrastructure entitlement management (CIEM), for $240M.
Under the terms of the agreement, Tenable will acquire Ermetic for approximately $240M in cash and $25M in restricted stock and RSUs, subject to customary purchase price adjustments. The acquisition is expected to close early in the fourth quarter 2023, subject to customary closing conditions.
Led by Shai Morag, CEO, Ermetic which specializes in CIEM and identity centric unified cloud security platform capabilities. It serves organizations including Fortune 50 companies, to mitigate access risk, secure cloud data, ensure compliance and accelerate organizational security efforts.
With the acquisition, Tenable intends to integrate Ermetic’s capabilities into its Tenable One Exposure Management Platform to deliver contextual risk visibility, prioritization and remediation across infrastructure and identities, both on-premise and in the cloud.
The combination of the two companies will give customers:
- Unified CNAPP – a unified and agentless solution that automates asset discovery, risk analysis, accelerated remediation and compliance. From shift-left Infrastructure as Code security to agent-based and agentless assessment for runtime environments, broad CNAPP capabilities will be delivered via an elegant user experience that minimizes complexity and speeds adoption.
- Powerful CIEM – a comprehensive solution for managing human and service identities for cloud infrastructure. It visualizes all identities and entitlements, using automated analysis to reveal and prioritize risks.
- Context-aware risk prioritization – context across all cloud and on-premises resources, including workloads, identities and data. Enhanced exposure management will extend visibility across the hybrid, multi-cloud attack surface.
- Simplified remediation – guidance on and automation of the remediation process that enables organizations to make rapid improvements in their security posture.
Led by Amit Yoran, chairman and chief executive officer, Tenable is an exposure management company which serves approximately 43,000 organizations around the globe to understand and reduce cyber risk. As the creator of Nessus®, Tenable extended its expertise in vulnerabilities to deliver a platform to see and secure any digital asset on any computing platform. Customers include approximately 60 percent of the Fortune 500, approximately 40 percent of the Global 2000, and government agencies.
FinSMEs
07/09/2023