Tenable Holdings, Inc. is strengthening its focus on cloud security through the acquisition of Ermetic Ltd., a cloud-native application protection platform (CNAPP) company specializing in cloud infrastructure entitlement management (CIEM). This strategic move aims to enhance Tenable's Exposure Management Platform by providing improved risk visibility, prioritization, and remediation solutions for both cloud and on-premises environments.
Ermetic's CNAPP offers comprehensive contextual analysis, simplifying the identification of critical issues like privileged access to exposed, vulnerable workloads. The integration of Ermetic's capabilities into Tenable One will broaden Tenable's offerings for hybrid environments, addressing the complex challenge of managing identity-based threats in the cloud.
According to the Cloud Security Alliance's 2022 Top Cloud Threats report, identity-based threats are a top concern in cloud security. Tenable's acquisition of Ermetic seeks to simplify the process of understanding access risks and permissions in the cloud, making it more accessible for security professionals with varying levels of expertise.
“We will have an opportunity to put additional market-leading cloud security capabilities into the hands of tens of thousands of customers,” said Amit Yoran, Chairman and Chief Executive Officer, Tenable. “Together, we will be able to deliver a holistic view of the modern attack surface and help organizations reduce exposure and risk, using identity as an essential foundation,” he further added.
[Source: Globe News Wire]
The combined offerings of Tenable and Ermetic will include a unified CNAPP solution for asset discovery, risk analysis, remediation, and compliance, as well as a robust CIEM solution for managing human and service identities in cloud infrastructure. The integration will provide context-aware risk prioritization across all cloud and on-premises resources and simplify the remediation process.
The acquisition, valued at approximately $240 million in cash and $25 million in restricted stock and RSUs, is expected to close in early Q4 2023. Tenable will finance the cash portion of the acquisition using existing funds. However, Ermetic's financial results in Q4 2023 are not anticipated to significantly impact revenue or billings but are expected to increase non-GAAP operating expenses by $4–6 million.
The combination of Tenable and Ermetic is poised to offer unparalleled visibility and value in managing cloud environments, simplifying the complexity of cloud security management.
About Tenable
Tenable is a prominent player in the computer and network security industry, headquartered in Columbia, MD. With a global footprint, the company serves approximately 40,000 organizations worldwide, including Fortune 500 giants, Global 2000 firms, and government agencies. Leveraging its renowned Nessus vulnerability expertise, Tenable offers a pioneering platform for comprehensively securing digital assets across various computing platforms. Its specialties encompass vulnerability management, continuous network monitoring, compliance, and a range of security solutions for web applications, containers, the cloud, industrial technology, IoT, and more.