Vulcan Cyber Set for Acquisition by Tenable
Deal News | Feb 10, 2025 | Zawya
Tenable Holdings, Inc., a key player in the exposure management space, has announced a definitive agreement to acquire Vulcan Cyber Ltd. for $147 million in cash and $3 million in restricted stock units. This strategic acquisition aims to enhance Tenable's Exposure Management Platform by integrating Vulcan Cyber's robust cybersecurity capabilities including improved visibility, extended third-party data flows, AI-powered risk prioritization, and automated remediation workflows. The deal, expected to close in Q1 2025, positions Tenable to provide a consolidated approach to managing cyber risk, addressing the fragmented nature of current security tools which often leave vulnerabilities across the attack surface. Key executives from both Tenable and Vulcan underscore the transformative implications this unified platform will have in mitigating business risks and optimizing security operations.
Sectors
- Cybersecurity
- Information Technology Services
Geography
- United States – Tenable Holdings, Inc. is a U.S.-based company, making the U.S. a significant geography related to the article.
- Israel – Vulcan Cyber Ltd. is based in Israel, indicating the country's relevance as the location of the target company in the acquisition.
Industry
- Cybersecurity – The article discusses the acquisition of Vulcan Cyber by Tenable, both of which are companies specializing in exposure management and cybersecurity solutions.
- Information Technology Services – Tenable and Vulcan Cyber provide technological solutions and platforms for cybersecurity, highlighting the relevance of this sector in the article.
Financials
- $147 million – The cash component of the acquisition price for Vulcan Cyber by Tenable.
- $3 million – The value of restricted stock units to be issued as part of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tenable Holdings, Inc. | Bidding Company | Company | A U.S.-based exposure management company seeking to acquire Vulcan Cyber to enhance its security platform. |
| Vulcan Cyber Ltd. | Target Company | Company | An Israeli innovator in exposure management, specializing in mitigating cyber risks through its ExposureOS platform. |
| Steve Vintz | Spokesperson | Person | Co-CEO and CFO of Tenable, commenting on the strategic rationale behind the acquisition. |
| Mark Thurmond | Spokesperson | Person | Co-CEO and COO of Tenable, highlighting the holistic benefits to security teams. |
| Yaniv Bar-Dayan | Spokesperson | Person | Co-Founder and CEO of Vulcan Cyber, expressing enthusiasm about the acquisition. |