US knowledge safety firm Tenable Holdings (Nasdaq: TENB) has introduced that it’s buying Israeli cybersecurity firm Vulcan Cyber. The deal is because of shut within the first quarter of 2025, and can be Tenable’s third acquisition in Israel over the previous 5 years. Whereas Vulcan Cyber claims Tenable is buying them for $180 million, Tenable insists the deal is for $150 million – $147 million in money and $3 million in shares.
Vulcan Cyber was based in 2018 by Yaniv Bar-Dayan, Tal Morgenstern and Roy Horev. The corporate has developed a platform for lowering cybersecurity dangers for organizations. The corporate permits organizations to mechanically establish, prioritize, and handle safety vulnerabilities utilizing superior AI applied sciences. In accordance with the corporate, the answer it developed integrates with present safety methods and permits centralized administration of all elements of knowledge safety within the group.
Tenable co-CEO and CFO Steve Vintz stated, “CISOs are overwhelmed with scattered safety merchandise, siloed instruments and disjointed groups which makes defending their organizations from publicity an enormous endeavor. Because the pioneer behind Publicity Administration, we’re pushed to resolve this central problem of contemporary safety – a fragmented strategy to figuring out and combating cyber threat. That’s what this acquisition is all about. With Vulcan, we’re accelerating our Tenable One imaginative and prescient to radically unify safety visibility, perception and motion throughout the assault floor – from the info heart to the cloud – to quickly expose and shut the gaps that put companies in danger.”
Vulcan cofounder and CEO Yaniv Bar-Dayan added, “Integrating Vulcan Cyber’s capabilities into the Tenable One platform will uniquely handle all publicity administration use instances throughout all the assault floor. For the primary time at scale, safety groups will have the ability to consolidate publicity findings from a number of sources right into a single, actionable interface. We’re excited to begin working with Tenable and their prospects to remediate publicity threat.”
Vulcvan Cyber has raised $69 million up to now. Among the many traders within the firm are YL Ventures, Wipro Ventures, Maor Investments, TenEleven, Daybreak Capital and angel traders together with Mickey Boodaei, Giora Yaron and Idan Plotnik.
Third acquisition in Israel
For Tenable, which offers providers to 44,000 prospects worldwide, that is the third acquisition in Israel. In September 2023, the corporate acquired Israel’s Ermetic for $350 million, and earlier than that, in 2019, it acquired Israel’s Indegy for $78 million.
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These acquisitions replicate a present development within the cybersecurity market, by which massive corporations purchase youthful corporations with a purpose to develop their product providing. Tenable’s market cap is at present about $5.2 billion, and it has 2,500 workers worldwide.
In accordance with Tenable, Vulcan Cyber ??will proceed to function from its workplaces in Israel, whereas sustaining native improvement actions. The corporate is predicted to develop its improvement and gross sales staff within the coming months, as a part of Tenable’s world growth plan.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 29, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
