Tenable Inc., a cybersecurity company based in Maryland, has announced its plans to acquire Cloud Security Startup Ermetic in a deal valued at $265 million. The acquisition is expected to be completed by the end of this year, with Ermetic’s assets being purchased for $240 million in cash and an additional $25 million in stocks and RSUs. This figure is lower than the previously estimated $340 million proposed by industry analysts. The management of Ermetic has expressed satisfaction with the agreement.
Ermetic’s technology is expected to enhance Tenable’s ‘Exposure Management Platform,’ which includes features such as vulnerability management, web application security, cloud security, identity security, and attack surface management. Tenable recently integrated advanced AI capabilities into its services with the introduction of the ExposureAI engine. This engine is designed to provide actionable insights for risk remediation and reduction.
Tenable has a history of acquisitions, including the purchase of FlawCheck for $32 million in 2016 and the Israeli technology startup Indegy LTD for $78 million. In April 2022, Tenable announced its intention to acquire attack surface management software startup Bit Discovery for $45 million.
In summary, Tenable’s acquisition of Ermetic is a strategic move aimed at strengthening its Exposure Management Platform and expanding its capabilities in the cybersecurity industry. The integration of Ermetic’s technology, along with Tenable’s advanced AI capabilities, will provide enhanced risk management and remediation solutions for clients.
Key points:
1. Tenable Inc. plans to acquire Cloud Security Startup Ermetic for $265 million.
2. The deal is expected to be completed by the end of this year.
3. Ermetic’s assets will be purchased for $240 million in cash and $25 million in stocks and RSUs.
4. Tenable’s Exposure Management Platform will benefit from Ermetic’s technology.
5. Tenable has a history of successful acquisitions in the cybersecurity industry.
