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Mergers & Acquisitions

Tenable to Acquire Israeli startup Ermetic for $350 Million

Ermetic currently employs 140 people and has raised $97 million to date.

Ermetic

Ermetic co-founders (from website)

Ermetic, an Israeli cybersecurity startup, is set to be acquired by the American cybersecurity company Tenable. Reports indicate that the negotiations are in their advanced stages and that the deal is worth $350 million. Tenable previously acquired Israeli cybersecurity company Indegy for $78 million in 2019.

Ermetic currently employs 140 people and has raised $97 million to date.

Tenable calls itself the “Exposure Management’ company. Approximately 40,000 organizations around the globe rely on Tenable to “understand and reduce cyber risk.” As the creator of Nessus, Tenable extended its expertise in vulnerabilities to deliver the world’s first platform to see and secure any digital asset on any computing platform. Tenable customers include approximately 60 percent of the Fortune 500, approximately 40 percent of the Global 2000, and large government agencies.

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Tenable explains that cybersecurity risk is one of the existential threats of our time. Every day, attackers are looking for your weaknesses, long before you know they’re there. But throwing disparate cybersecurity solutions at the problem only leaves gaps in your attack surface visibility and weakens your defense, says the firm.

Founded in 2019 by CEO Shai Morag, Sivan Krigsman, Arick Goomanovsky and Michael Dolinsky, Ermetic is an identity-first cloud infrastructure security platform that provides holistic, multicloud protection in an “easy-to-deploy SaaS solution.” Ermetic helps prevent breaches by continuously analyzing permissions, configurations and behavior across the full stack of identities, network, data and compute resources. Using advanced analytics to assess, prioritize and automatically remediate risks, Ermetic says it makes it possible to reduce your attack surface and enforce least privilege at scale even in the most complex cloud environments.

Ermetic’s holistic cloud infrastructure security platform reveals and prioritizes security gaps in AWS, Azure and GCP, and enables you to remediate them immediately.

In August, Ermetic released CNAPPgoat, an open source project that the company boasts allows organizations to safely test their cloud security skills, processes, tools and posture in interactive sandbox environments that are easy to deploy and destroy. CNAPPgoat supports AWS, Azure and GCP platforms for assessing the security capabilities included in Cloud Native Application Protection Platforms (CNAPP).

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