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Tenable Holdings, Inc. (symbol: TENB) is a leading cybersecurity company that specializes in exposure management. Founded in 2002, Tenable has grown to serve over 43,000 organizations worldwide, including government agencies and more than 60% of the Fortune 500. Tenable's mission is to help businesses understand and mitigate cyber risk across their digital ecosystems.
Tenable is widely recognized for its innovative Nessus® vulnerability scanner, which has evolved into the cornerstone of its broad product portfolio. This portfolio includes Tenable.io, the first platform to offer live visibility into any asset on any computing platform, and Tenable Cloud Security, which simplifies risk management in multi-cloud and hybrid environments. The company recently achieved FedRAMP authorization for Tenable Cloud Security, enabling U.S. federal agencies to leverage its capabilities.
Tenable's solutions extend beyond traditional IT environments to include operational technology (OT) and Internet of Things (IoT) assets. The Tenable One platform integrates various security modules to provide comprehensive risk management, allowing organizations to prioritize vulnerabilities effectively.
Financially, Tenable has shown robust performance. In the fiscal year ended December 31, 2023, the company reported strong revenue growth and an increase in operating margins. Tenable's strategic acquisitions, such as the addition of Ermetic, have further enhanced its capabilities. The company recently announced a share repurchase program, demonstrating its commitment to enhancing stockholder value.
Tenable is continuously evolving to meet the complex security needs of its customers. Its recent achievements include the integration of advanced analytics and machine learning into its platforms, helping organizations gain deeper insights into their security postures. Tenable also actively participates in industry events and thought leadership, sharing expertise to help shape the future of cybersecurity.
To learn more about Tenable, visit their official website at tenable.com.
Tenable, a leader in Cyber Exposure, announced recognition by CRN in the Security Management category at the 2021 CRN Annual Report Card Awards. The company excelled in all subcategories, including product innovation and support, reflecting the trust and leadership established through its Tenable Assure Partner Program. Over 3,000 solution providers rated their satisfaction with vendor performance across 25 product categories. Tenable serves over 30,000 organizations globally, helping them understand and mitigate cyber risk.
Tenable has launched 10 foundational configuration checks for its solutions, including Tenable.io and Nessus, designed to enhance Microsoft Active Directory security. These checks are aimed at detecting vulnerabilities and preventing attacks that exploit Active Directory, crucial for many enterprises given that 90% of the Fortune 1000 utilize it for authentication. The new features are immediately available to existing customers at no additional cost. This initiative responds to the increasing threat landscape characterized by ransomware and sophisticated cyberattacks targeting Active Directory.
Tenable (Nasdaq: TENB) reported Q2 2021 revenue of $130.3 million, up 22% year-over-year, driven by the addition of 399 new enterprise customers and 67 six-figure clients. The company achieved calculated current billings of $136.8 million, a 23% increase year-over-year. While experiencing a GAAP loss from operations of $11.9 million, Tenable reported a non-GAAP income of $11.5 million. The company expects $133.0 million to $135.0 million in revenue for Q3 2021 and is confident in its growth trajectory following the acquisition of Alsid and new credit facility.
Tenable (NASDAQ: TENB) will release its second quarter financial results after market close on July 27, 2021. A conference call is scheduled for 4:30 p.m. ET the same day to discuss these results. Investors can access a live webcast on the Tenable Investor Relations website, with a replay available until August 10, 2021. Tenable serves over 30,000 organizations globally, including more than 50% of the Fortune 500, providing crucial cyber exposure solutions.
Tenable has announced a new credit agreement consisting of a $375 million senior secured term loan and a $50 million senior secured revolving credit facility. The term loan carries an interest rate of 2.75% plus LIBOR, maturing in 2028, while the revolving facility's interest rate ranges from 2.00% to 2.50% over LIBOR, maturing in 2026. The proceeds from this credit facility will be used for general corporate purposes, including capital expenditures and acquisitions. The agreement was arranged by several banks, including JPMorgan and Bank of America.
Tenable has been awarded the Technology Alliances Partner of the Year by BeyondTrust, a leader in Privileged Access Management. This recognition follows BeyondTrust's decision to name Tenable as its exclusive vulnerability management partner after exiting the market in 2020. Tenable aims to help organizations manage vulnerabilities and secure their most valuable assets efficiently. The partnership includes strategic integrations and a sales referral agreement, enhancing visibility and control over privileged accounts, benefiting joint customers.
Tenable has partnered with CyberNB's Critical Infrastructure Security Operations Center (CI-SOC) to bolster Canada's critical infrastructure security. This first-of-its-kind collaboration allows Tenable to provide risk-based vulnerability management solutions, enhancing stakeholders' ability to predict and mitigate cybersecurity risks. Through this partnership, stakeholders will gain access to Tenable’s advanced analytics and technology, enabling them to identify vulnerabilities efficiently and share best practices for safeguarding critical infrastructure.
Tenable announced a strategic collaboration with Deloitte to enhance security in smart manufacturing environments worldwide. As part of the initiative, Tenable.ot, a solution for securing IT/OT environments, will be showcased in Deloitte's Smart Factory @ Wichita. A study indicates that 86% of manufacturers view smart factories as vital for competitiveness in the next five years. This partnership addresses the growing importance of operational technology security, providing organizations with advanced threat detection and vulnerability management.
Tenable has appointed Niloofar Razi Howe as an independent director, effective May 25, 2021. With extensive experience in cybersecurity and corporate strategy, Howe will contribute to Tenable's mission of enhancing digital transformation and cloud initiatives. Currently a senior partner at Energy Impact Partners, Howe's previous positions include chief strategy officer at RSA and Endgame. Tenable, trusted by over 30,000 organizations globally, aims to provide comprehensive cyber risk visibility across diverse environments, aligning with Howe's vision for holistic security solutions.
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