In a bold move set to reshape the cybersecurity landscape, Tenable Holdings, Inc.—a powerhouse in exposure management with a staggering $5.35 billion market capitalization and commanding 77.55% gross profit margins—has announced a definitive agreement to acquire Vulcan Cyber Ltd., an Israeli startup that offers a vulnerability remediation orchestration platform for application and cloud security, a rising force in the industry.
This high-stakes acquisition, valued at approximately $147 million in cash and an additional $3 million in restricted stock units, signals Tenable’s aggressive expansion strategy and commitment to fortifying its dominance in the cybersecurity arena. Pending customary closing conditions, the deal is expected to be finalized in the first quarter of 2025, marking a pivotal moment in the battle against evolving cyber threats.
Founded in 2018 by Yaniv Bar-Dayan, Tal Morgenstern, and Roy Horev, Vulcan Cyber states that its platform orchestrates and tracks the remediation lifecycle from scan to fix by prioritizing vulnerabilities, curating and delivering the best remedies, and automating processes and fixes through the last mile of remediation. Vulcan Cyber helps IT security teams collaborate and “get fix done” at scale. The Vulcan Cyber remediation orchestration platform uses step-by-step, orchestrated workflows and automation to fix vulnerabilities quickly and at scale with the tools already in use by DevOps, IT and security teams.
Vulcan cyber states that its platform orchestrates and tracks the remediation lifecycle from scan to fix by prioritizing vulnerabilities, curating and delivering the best remedies, and automating processes and fixes through the last mile of remediation. Vulcan Cyber helps IT security teams collaborate and “get fix done” at scale. The Vulcan Cyber remediation orchestration platform uses step-by-step, orchestrated workflows and automation to fix vulnerabilities quickly and at scale with the tools already in use by DevOps, IT and security teams.
“CISOs are overwhelmed with scattered security products, siloed tools and disjointed teams which makes protecting their organizations from exposure a massive undertaking. As the pioneer behind Exposure Management, we are driven to solve this central challenge of modern security — a fragmented approach to identifying and combating cyber risk,” said Steve Vintz, Co-CEO and CFO, Tenable. “That is what this acquisition is all about. With Vulcan, we’re accelerating our Tenable One vision to radically unify security visibility, insight and action across the attack surface – from the data center to the cloud – to rapidly expose and close the gaps that put businesses at risk.”
“We’re thrilled to join forces with Tenable. Integrating Vulcan Cyber’s capabilities into the Tenable One platform will uniquely address all exposure management use cases across the entire attack surface,” said Yaniv Bar-Dayan, Co-Founder and CEO, Vulcan Cyber. “For the first time at scale, security teams will be able to consolidate exposure findings from multiple sources into a single, actionable interface. We are excited to start working with Tenable and their customers to remediate exposure risk.”
