Tenable Holdings today announced that it has signed an agreement to acquire Bit Discovery (“Bit Discovery”). Combining Tenable’s market-leading Cyber Exposure solutions with Bit Discovery’s EASM capabilities will provide customers with a differentiated 360-degree view of the modern attack surface – both inside out and outside in – to identify and eliminate areas of known and unknown security risk.
After closing, Tenable will leverage Bit Discovery’s EASM solutions across its entire portfolio – from enterprise vulnerability management (VM) to Nessus, from cloud to operational technology (OT) to identity. Once integrated, customers will have the ability to assess the security posture of their entire attack surface and understand each of these in the context of an attack path which might exist from external systems to critical assets. By covering both external and internal assets, Tenable will provide a comprehensive view of vulnerabilities and cyber risk, allowing customers to prioritize remediation efforts and minimize cyber exposure.
“Whatever is visible on the internet is very likely to be the first target and the hardest thing for organizations to continuously see and assess. We believe attack surface management is vital to modern cybersecurity and an integral part of our vulnerability and Cyber Exposure solutions,” said Glen Pendley, chief technology officer, Tenable. “We are seamlessly combining previously disjointed insights and empowering security practitioners to eliminate blind spots and easily understand their cyber exposure in ways previously not possible.”
Under the terms of the agreement, Tenable will acquire Bit Discovery for a total purchase price of $44.5 million in cash, subject to customary purchase price adjustments. The acquisition is expected to close later in the second quarter of 2022, subject to the satisfaction of customary closing conditions.
Bit Discovery is not expected to have a significant impact on Tenable’s financial results in the second quarter. For the second half of the year, revenue is not expected to be significant, but Bit Discovery is expected to add $2 million to $3 million of Calculated Current Billings, most notably in the latter part of the year, and $2 million to $3 million of non-GAAP Net Loss.
