US cybersecurity company Tenable (Nasdaq: TENB) today announced that it has signed a definitive agreement to acquire Israeli cloud security company Ermetic for $265 million – $240 million in cash and $25 million in shares. “Globes” reported on Tuesday that the two companies were in the advanced stages of negotiations. The acquisition is expected to close early in the fourth quarter 2023,
RELATED ARTICLES
#2 Ermetic: Securing cloud activity
Ermetic has developed a fully integrated cloud-native application protection platform, and provides cloud infrastructure entitlement management. Tenable says it will integrate these capabilities into its One Exposure Management Platform to deliver contextual risk visibility, prioritization and remediation across infrastructure and identities, both on-premises and in the cloud.
Ermetic, which was founded in 2019 by CEO Shai Morag, Sivan Krigsman, Arick Goomanovsky and Michael Dolinsky, was placed second in “Globes” top ten most promising startups for 2022. The company has raised $97 million to date and has 140 employees, including 80 in Israel, according to IVC Research. Investors in Ermetic include Glilot Capital Partners, Qumra Capital, Target Global, and Accel.
Tenable chairman and CEO Amit Yoran said, “We will have an opportunity to put additional market-leading cloud security capabilities into the hands of tens of thousands of customers. Together, we will be able to deliver a holistic view of the modern attack surface and help organizations reduce exposure
Morag said, “The combination of Tenable’s rich exposure management data and Ermetic’s cloud solutions will provide unprecedented levels of actionable visibility and value. It will remove the complexity that makes managing cloud environments so challenging. Tenable’s massive install base of customers will enable us to introduce more organizations to the benefits of context-aware risk prioritization to solve problems before they manifest.”
Published by Globes, Israel business news – en.globes.co.il – on September 7, 2023.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
