Tenable set to bolster cloud security through Ermetic acquisition for $265m
Summary
The strategic acquisition, priced at approximately $240m in cash and an additional $25m in restricted stock and RSUs, aims to incorporate Ermetic’s advanced capabilities into Tenable’s One Exposure Management Platform. Ermetic specialises in delivering the CNAPP which provides comprehensive contextual analysis and identifies hazardous combinations like privileged access to vulnerable public workloads. Ermetic’s union with Tenable aims to facilitate security teams with enriched context and prioritisation, thereby ensuring efficient remediation choices. Tenable CEO Amit Yoran said, “We will have an opportunity to put additional market-leading cloud security capabilities into the hands of tens of thousands of customers. Tenable’s massive install base of customers will enable us to introduce more organisations to the benefits of context-aware risk prioritisation to solve problems before they manifest.” Keep up with all the latest FinTech news here.
