Increasing focus on Cloud Security Tenable expands capabilities to unify visibility, assessment and remediation across infrastructure and identities both in the cloud and on-premises.
Tenable Holdings has signed a definitive agreement to acquire Ermetic Ltd. (“Ermetic”), cloud infrastructure entitlement management (CIEM) company. Tenable intends to integrate these capabilities into its Tenable One Exposure Management Platform to deliver market-leading contextual risk visibility, prioritization and remediation across infrastructure and identities, both on-premise and in the cloud.
Ermetic’s CNAPP delivers in-depth contextual analysis in simple terms and reveals toxic combinations, such as privileged access to publicly-exposed vulnerable workloads. Seamlessly combining Ermetic’s insights into Tenable One will extend Tenable’s offerings for hybrid environments. Expanding Tenable’s cloud security offering with Ermetic’s unified, multi-cloud CNAPP and CIEM will give security teams context and prioritization guidance to make efficient and accurate remediation decisions. With clear remediation instructions provided, security teams will no longer need to be cloud security experts to understand where the most urgent risks exist and what to do about them.
“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 and risk, using identity as an essential foundation,” said Amit Yoran, Chairman and CEO, Tenable.
“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,” said Shai Morag, CEO and co-founder, Ermetic. “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.”
Under the terms of the agreement, Tenable will acquire Ermetic for approximately $240 million in cash and $25 million 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. Tenable expects to fund the cash portion of the purchase price with existing cash.
