US data security company Tenable Holdings (NASDAQ: Tenb) has announced that it has acquired Israeli cyber security companies. Vulcan Saber。 The contract will end in the first quarter of 2025 and will be the third acquisition of Tenable in Israel over the past five years. Vulcan Cyber claims have acquired them for $ 180 million, but Tenable claims that the transaction is $ 150 million to $ 147 million and $ 3 million.
Vulcan Cyber was established in 2018 by Yaniv Bar-Dayan, Tal MorgenStern, and Roy Horev. The company has developed a platform to reduce organizational cyber security risks. The company allows organizations to automatically identify, prioritize, and deal with security vulnerabilities using advanced AI technology. According to the company, the solutions developed are integrated with existing security systems, enabling concentration of data security in the organization.
According to Tenable Co-CEO and CFO Steve Vintz, “CISO is overwhelmed by scattered security products, siloized tools, and breaks, protecting exposure from large-scale initiatives. Pioneer in exposure management. As a result, we are driving this central challenge to resolve the modern security -the approach to identifying and fighting, all of which are integrated. This is accelerated by accelerating the visibility, insight, and action to the cloud.
Vulcan Cofounder and CEO YANIV Bar-Dayan said, “By integrating the functions of Vulcan Cyber into one platform, all the exposure management use cases are uniquely dealt with on the entire attack surface. From multiple sources. , A single interface that can be executed.
VULCVAN Cyber has been raising $ 69 million so far. Companies investors include YL ventures, Wipro Ventures, Maor Investments, Teneleven, Dawn Capital, Mickly Boodaei, GIORA Yaron, and iDAN PLOTNIK.
The third acquisition in Israel
This is the third acquisition in Israel for Tenable, which provides services to 44,000 customers around the world. In September 2023, the company acquired the popularity of Israel for $ 350 billion, and before that in 2019, the shortage of Israel was acquired for $ 78 million.
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These acquisitions reflect the current trends in the cyber security market in which large companies buy young companies to expand their products. The market capitalization is currently about $ 5.2 billion, with 2,500 employees around the world.
According to Tenable, Vulcan Saber ?? is continuously operated from Israel’s office, maintaining local development activities. The company plans to expand its development and sales team in the coming months as part of the Tenable global expansion plan.
Published from Globes, Israel Business News -en.globes.co.il- January 29, 2025.
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