The American data security company Tenable Holdings (Nasdaq: TENB) has announced that it is getting the Israeli Cybersonian Security Company Volcan Cyber. The deal is scheduled to be closed in the first quarter of 2025, and the third acquisition of Tenable in Israel will be over the past five years. While Vul in Cyber’s claims get it for $ 180 million, Tenable insists that the deal is $ 150 million – 147 million dollars in cash and $ 3 million of shares.
Volcan Cyber was founded in 2018 by Yanif Bar Diane, Mall Morganstirne and Roy Horif. The company has developed a platform to reduce the risk of cybersecurity for institutions. The company allows institutions to specify safety gaps and specify their priorities automatically using advanced AI technologies. According to the company, the solution it has developed is integrated with the current safety systems and enables the central administration of all aspects of data safety in the institution.
“Cisos is mired in scattered security products, high tools and disjointed teams that make protecting their organizations from exposure a huge task. As a pioneer behind exposure management, money to solve this central challenge of modern security – a fragmented approach to identifying and combating Electronic risks.
“Merging the capabilities of Volcan Cyber into the eradicable platform will be uniquely addressing all cases of using the exposure management over the entire attack surface. For the first time on a large scale, security teams will be able to unify the results of exposure from multiple sources to the front One implementable.
Vulcvan Cyber collected $ 69 million so far. Among the investors at the company YL Ventures, WiPro Ventures, Maor Investments, Tenegeen, Dawn Capital, Angel Investors, including Mickey Boodaei, Giora Yaron and Idan Plotnik.
The third acquisition in Israel
For Tenable, which provides services to 44,000 customers worldwide, this is the third acquisition in Israel. In September 2023, the company acquired Termique for $ 350 million, and before that, in 2019, Israel acquired Indigi for $ 78 million.
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The acquisitions reflect this current trend in the cybersecurity market, where large companies get younger companies to expand their products. The maximum of the Tenable market is currently about $ 5.2 billion, and has 2500 employees worldwide.
According to Tenable, will Vul in Cyber continue? At work from its offices in Israel, while maintaining local development activities. The company is expected to expand its team in the field of development and sales in the coming months, as part of the TENABLE global expansion plan.
It was published by Globes, Israel Business News – En.globes.co.il – on January 29, 2025.
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