Tenable Acquires Ermetic to Support Visibility, Assessment and Remediation

Published On: September 24, 2023Categories: Buzz

Tenable has signed an agreement to acquire Ermetic Ltd., a cloud-native application protection platform (CNAPP) company, and a provider of cloud infrastructure entitlement management (CIEM).

“We will have an opportunity to put additional market-leading cloud security capabilities into the hands of tens of thousands of customers,” said Amit Yoran, chairman and chief executive officer, Tenable. “Together, we will be able to deliver a holistic view of the modern attack surface and help organizations reduce exposure and risk, using identity as an essential foundation.”

The combination of Tenable and Ermetic is expected to provide customers and channel partners with a unified and agentless solution that automates asset discovery, risk analysis, accelerated remediation and compliance. The combined system also manages human and service identities for cloud infrastructure, and provides context across all cloud and on-premises resources, including workloads, identities, and data.

“The combination of Tenable’s rich exposure management data and Ermetic’s cloud solutions will provide unprecedented levels of actionable visibility and value,” said Shai Morag, CEO and co-founder of Ermetic. “It will remove the complexity that makes managing cloud environments so challenging.”

Under the terms of the agreement, Tenable will acquire Ermetic for approximately $240 million in cash and $25 million in restricted stock and RSUs, subject to customary purchase price adjustments. The acquisition is expected to close early in the fourth quarter 2023, subject to customary closing conditions. Tenable expects to fund the cash portion of the purchase price with existing cash.

Channel Impact®
Combining Tenable’s cloud security offering with Ermetic’s multi-cloud CNAPP and CIEM is intended to give security teams context and prioritization guidance to make efficient and accurate remediation decisions.

Stay in the Know

Keep tabs on what’s happening in the channel and the impact it will have on the partner community by subscribing to Channel Impact communications.

Recent News

Search Buzz

Buzz Categories