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New network security solution provider: Tenable Holdings (TENB)

Tenable Holdings, Inc. (NASDAQ:TENB) was founded in 2002 under the name Tenable Network Security, Inc., and in October 2015, Tenable Holdings, Inc. was established. In November of the same year, Tenable Network Security, Inc. merged into the latter A wholly-owned subsidiary indirectly held, and renamed Tenable, Inc. in 2017. Tenable Holdings, Inc. is headquartered in Columbia, Maryland, USA, with 1,054 full-time employees (3/31/2018). It is a cyber security company and a leader in instant vulnerability management. The company also claims to be the first and only Cyber ​​Exposure ( Network exposure or network exposure or network exposure) new network security solution provider.

Tenable Holdings

Tenable Holdings, Inc. (TENB):

Cyber ​​exposure is a discipline that manages and measures cybersecurity risks in the digital age. Tenable is leveraging its deep technical expertise in the traditional vulnerability assessment and management market to expand that market to include modern attack surfaces and provide analysis that turns vulnerability data into business insights.

Digital transformation is driving radical change. As companies/organizations modernize their IT infrastructure and adopt cloud or hybrid cloud architectures that are no longer within the company’s network, their visibility and control over the security of these assets will decrease. Companies/organizations are also increasingly implementing modern solutions, such as the Internet of Things, to achieve rapid development and deployment of new products, services and business models, and to improve operational efficiency.

In addition, safety-critical operating technologies (OT), such as industrial control systems, are now connected to the network and need to be protected from network security threats. As the attack surface expands, this digital transformation will increase IT complexity and network security risks. That is, a single company/organization cannot see the breadth of the modern attack surface and analyze the level of network exposure (network exposure).

Tenable Holdings, Inc.’s enterprise platform products include Tenable.io and SecurityCenter.

  • Tenable.io is Tenable’s software-as-a-service (SaaS) product used to manage and test various traditional IT assets (such as network infrastructure, desktops and local servers) and modern IT assets (such as cloud workloads, web applications, Internet of Things and operational technology assets) cyber risk exposure.
  • SecurityCenter is designed to manage and measure network exposure across traditional IT assets, and can be run in local, cloud, or hybrid environments.
  • In addition, the company plans to release Tenable.io Lumin, an application that will provide risk-based priority ranking of issues and benchmark tests based on industry-leading performance levels.

Tenable’s enterprise platform products provide broad visibility into network exposure issues, such as vulnerabilities, misconfigurations, internal and regulatory compliance violations, and other indicators of the organization’s security status. It also provides in-depth analysis to help organizations measure their network exposure trends. Tenable’s platform integrates and analyzes data from local collectors and IT assets, vulnerabilities, and threat data from third-party systems and applications to determine the priority of security issues for remediation, and focus on the organization’s performance based on risk and business criticality Resources.

Tenable Holdings, Inc. operations:

Tenable can be regarded as one of the most well-funded cybersecurity companies, and it has received more than $300 million in financing from private investors. Earlier this year, there are reports that it is to carry out IPO, because the company hired Morgan Stanley Lee to help deal with the relevant documents.

In the document, Tenable claimed that its 2017 revenue was US$187.7 million (a loss of US$41 million, and the company had a cumulative loss of US$408.5 million), which was more than the US$124.4 million in the previous year and a compound annual growth rate of 53%.

Tenable serves 24,000 customers worldwide, of which 53% are Fortune 500 companies. Since 2016, the CEO of this company has been held by Amit Yoran, the former president of RSA.

Historical overview of Tenable Holdings, Inc.:

Tenable has been unknown in the cybersecurity industry until it raised a huge $250 million in Series B funding from investors in Insight Venture Partners and Accel in 2015 before becoming famous. According to data from PitchBook, the 2015 round of valuation of the company was US$550 million, which was considered the largest cybersecurity financing to date.

Former Symantec and RSA Group (RSA) executive team member, Enron President and CEO Amit Yoran (Amit Yoran) assumed the position of head of the company. He has led the rapid growth of this company, and the company has also done security work for the US government.

Tenable Holdings, Inc. (TENB) investment:

Tenable Holdings, Inc. (NASDAQ:TENB) submitted its IPO prospectus on 6/29/2018, and listed on NASDAQ on 7/26/2018. The planned issue price is US$17.00-19.00, the actual issue price is US$23, and the issue is 920. Ten thousand shares, raised 211.6 million US dollars, Morgan Stanley / JP Morgan / Allen & Company / Deutsche Bank Securities / Stifel joint underwriting.

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