Tenable Completes Acquisition of Vulcan Cyber
Deal News | Feb 07, 2025 | Globenewswire
Tenable Holdings, Inc., an exposure management company, has completed the acquisition of Vulcan Cyber Ltd., a pioneer in exposure management solutions. This strategic move is expected to enhance Tenable's existing platform by incorporating Vulcan Cyber's advanced capabilities in risk prioritization and automated remediation. As Tenable integrates Vulcan Cyber, the company aims to improve its comprehensive visibility across attack surfaces, empowering customers with better risk management tools. With this acquisition, Tenable projects revenue growth and a fortification of its market position in cybersecurity. Financially, Tenable expects their Q1 2025 revenue to range between $233 million and $235 million, and revenue for the full year of 2025 between $975 million and $985 million. The acquisition also brings a strategic vision to provide a unified exposure management platform, which integrates data flows and sets new standards in cybersecurity risk mitigation. Forward-looking statements in their release highlight the expected benefits, challenges of integration, and the anticipated financial impacts of the acquisition, including a detailed breakdown of forecasted financial metrics.
Sectors
- Cybersecurity
- Technology
Geography
- United States – Tenable Holdings is based in Columbia, Maryland, USA.
- Israel – Vulcan Cyber is based in Israel, and the acquisition involves a cross-border transaction.
Industry
- Cybersecurity – The article discusses Tenable's acquisition of Vulcan Cyber, both operating in the cybersecurity domain, enhancing exposure management solutions.
- Technology – The acquisition involves technology companies focusing on software solutions for risk management and cybersecurity.
Financials
- $233.0 million to $235.0 million – Revenue expected for Q1 2025.
- $975.0 million to $985.0 million – Revenue projected for the year ending December 31, 2025.
- $1.41 to $1.49 – Non-GAAP diluted earnings per share expected for the year ending December 31, 2025.
Participants
Name | Role | Type | Description |
---|---|---|---|
Tenable Holdings, Inc. | Acquirer | Company | An exposure management company that identifies cybersecurity risks for approximately 44,000 global customers. |
Vulcan Cyber Ltd. | Target Company | Company | An innovator in exposure management that provides risk prioritization and automated remediation solutions. |
Steve Vintz | Co-CEO and CFO of Tenable | Person | An executive at Tenable responsible for overseeing the financial aspects of the company. |