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Tenable Holdings ( (TENB) ) has issued an update.
On January 29, 2025, Tenable Holdings announced a definitive agreement to acquire Vulcan Cyber Ltd. for approximately $147 million in cash and $3 million in restricted stock units. The acquisition, expected to close in the first quarter of 2025, aims to integrate Vulcan’s cyber risk management capabilities into Tenable’s Exposure Management platform, enhancing risk prioritization and remediation efforts. This strategic move is set to provide Tenable with a comprehensive approach to cyber risk management, potentially impacting the cybersecurity industry by offering a unified solution to manage exposure risks.
More about Tenable Holdings
Tenable Holdings, Inc. is a company specializing in exposure management, utilizing an AI-powered platform to enhance security visibility and action across various environments, such as IT infrastructure and cloud services. The company serves around 44,000 customers globally, aiming to mitigate cybersecurity risks that could affect business value, reputation, and trust.
YTD Price Performance: 14.19%
Average Trading Volume: 995,811
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.35B
See more data about TENB stock on TipRanks’ Stock Analysis page.
