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Overview of Tenable Holdings
Tenable Holdings (TENB) is a cybersecurity company that has redefined the approach to exposure management and vulnerability intelligence. As a pioneer in cybersecurity and vulnerability management, Tenable has built its reputation on providing organizations with actionable insights to accurately understand and reduce cyber risk. With its roots embedded in the creation of Nessus, its flagship vulnerability scanner, the company has evolved into a global provider that offers a unified platform to detect, analyze, and remediate vulnerabilities across diverse computing environments.
Core Business and Product Suite
Tenable is widely known for its innovative exposure management platform, which is designed to deliver live visibility into digital assets, networks, cloud environments, and on-premises infrastructure. The company’s primary offerings include comprehensive modules for vulnerability management, cloud security, compliance, operational technology security, active directory management, and advanced vulnerability analytics. By continuously scanning and correlating data across an organization’s entire digital footprint, Tenable empowers security teams to identify potential attack vectors and prioritize remediation actions based on risk severity.
The company has expanded its portfolio from the original Nessus vulnerability scanner to include integrated solutions such as:
- Tenable One Exposure Management Platform: A consolidated dashboard that aggregates exposure data across disparate systems, enabling organizations to get a full-spectrum view of their security posture.
- Tenable Cloud Security: Designed to provide simple, clear, and actionable insights into the security of cloud infrastructure and containerized environments, this module helps reduce risk by offering automated contextual risk analysis.
- Tenable Patch Management: An autonomous solution that streamlines the remediation process by integrating vulnerability data with patch availability, ensuring that critical exposures are addressed with precision and efficiency.
- Tenable Enclave Security: Tailored for public sector and regulated organizations, this solution meets stringent security and compliance needs by providing continuous discovery and analysis of IT assets and container environments.
- Tenable Identity Exposure: Addresses the challenges of identity sprawl and misconfigurations across multiple platforms, delivering a unified view of identity risk and simplifying remediation strategies.
Market Position and Industry Integration
Tenable has established itself as a trusted partner for organizations ranging from small businesses to large enterprises and government agencies. Its solution is designed to integrate with a wide array of IT and security tools, reducing the complexity and fragmentation often seen in modern security environments. By unifying data from different sources, Tenable enables organizations to move from reactive patching and monitoring to proactive and prioritized risk management. This holistic approach positions Tenable well within its competitive landscape, where differentiated capabilities such as continuous exposure assessment and risk prioritization provide a clear advantage over traditional point tools.
Business Model and Revenue Generation
Tenable’s revenue model predominantly revolves around subscription-based software solutions and licensing agreements for its exposure management platform. The company leverages recurring revenue streams by offering ongoing support, updates, and access to its continuously evolving set of security tools. In doing so, it ensures that customers consistently receive the latest threat intelligence and security insights necessary to combat emerging vulnerabilities in an ever-changing digital environment.
Technological Innovations and Advanced Analytics
At the core of Tenable's strategy is its commitment to technological innovation. The platform utilizes advanced analytics and artificial intelligence to correlate data and provide contextual insights that drive prioritized and actionable remediation measures. With capabilities including automated vulnerability correlation, dynamic risk scoring, and real-time threat intelligence, Tenable stands out by translating complex technical data into clear, business-relevant language.
Customer Base and Global Reach
Tenable’s solutions are trusted by a broad spectrum of organizations including more than half of the Fortune 500 companies, major global enterprises, and various government agencies worldwide. This credibility is underpinned by its extensive track record and a deep understanding of the cybersecurity landscape, which allows the company to tailor its offerings to meet diverse regulatory and operational requirements.
Differentiation and Competitive Landscape
Unlike many security vendors that focus solely on tool-based solutions or siloed data sets, Tenable differentiates itself by providing a radically unified view of an organization’s exposure. Its solutions consolidate data across disparate sources, thereby reducing tool sprawl and enabling a streamlined approach to threat mitigation. This comprehensive methodology ensures that security teams have a clear, prioritized understanding of vulnerabilities and can allocate resources effectively to address the most pressing risk areas.
Operational Excellence and Industry Expertise
Tenable’s operational framework is built on decades of cumulative experience in cybersecurity. The company has continuously evolved by adapting to new technological challenges, integrating with emerging platforms such as Kubernetes, and addressing the complexities of cloud infrastructures. Its products are designed to meet the high standards demanded by enterprises and regulated public sector organizations that require robust, scalable security solutions.
Conclusion
In summary, Tenable Holdings exemplifies the effective convergence of technological innovation and cybersecurity expertise. The company has successfully transformed its foundational capabilities in vulnerability management into a comprehensive exposure management platform that provides actionable, real-time insights across a variety of digital environments. For organizations seeking to reduce cyber risk and gain a holistic view of their security posture, Tenable offers a deeply integrated, constantly evolving suite of solutions that addresses the multifaceted challenges of modern cybersecurity.
Tenable has announced new risk prioritization and compliance features for its Nessus vulnerability assessment solution. The enhancements include support for Exploit Prediction Scoring System (EPSS) and Common Vulnerability Scoring System (CVSS) v4, helping customers improve prioritization for risk reduction and maintain compliance. Tenable's Vulnerability Priority Rating (VPR) combines proprietary and third-party data to measure risk effectively.
Key features in this release include:
- EPSS and CVSS v4 support for informed prioritization
- Nessus Offline Mode for air-gapped environments
- Declarative Agent Versioning On-Prem for managing agent profiles
Tenable, the exposure management company, has announced its participation in upcoming investor events. Amit Yoran, chairman and CEO, and Steve Vintz, CFO, are set to attend the Piper Sandler Growth Frontiers Conference on September 10, 2024 in Nashville, Tennessee.
The event will be accessible via webcast, providing an opportunity for investors and interested parties to gain insights into Tenable's strategies and performance. This participation underscores Tenable's commitment to investor relations and transparency in its operations.
For those seeking more information about Tenable's investor-related activities, the company encourages visiting their investor relations website at https://investors.tenable.com/.
Tenable has been recognized as the top performer in cloud security by the 2024 CRN Annual Report Card Award. This prestigious accolade in the IT industry honors technology vendors for their excellence in products, partner programs, support, and managed and cloud services.
The award is based on evaluations from solution providers across North America, collected over a six-week period ending in July 2024. Tenable's achievement highlights its commitment to addressing cloud security challenges, including misconfigurations, excessive permissions, and vulnerabilities.
Jeff Brooks, Senior VP of Global Channels and Business Development at Tenable, emphasized the company's collaborative approach with partners to rapidly expose and close cloud security gaps. This recognition underscores Tenable's dedication to fostering strong partnerships and delivering long-term value in the rapidly evolving cloud security landscape.
Tenable, the exposure management company, has appointed Shai Morag as its new Chief Product Officer. Morag, who joined Tenable in 2023 through the acquisition of Ermetic, will focus on driving growth by building security products for a cloud-first world. He has been instrumental in expanding Tenable Cloud Security, developing a powerful CNAPP solution to reduce risk from misconfigurations, risky entitlements, and vulnerabilities.
With over 25 years of experience in product management and technology leadership, Morag previously co-founded and led Secdo, which was acquired by Palo Alto Networks. He also served as CEO of Integrity-Project and spent 10 years as an officer in the Israeli Defense Forces Intelligence Corps Unit 8200. In his new role, Morag aims to extend Tenable's market-defining innovation across its entire portfolio.
Tenable, the exposure management company, has unveiled Vulnerability Intelligence and Exposure Response, two new features for its Vulnerability Management, Tenable One, and Cloud Security products. These capabilities leverage Tenable's vast database of vulnerability data to provide context-driven prioritization and response for IT and cloud environments.
Key features include:
- Threat Landscape Overview with seven curated exposure risk categories
- Natural Language and Advanced Search functionality
- Campaign-Based Initiatives for targeted vulnerability management
- Progress Tracking and Advanced Reporting capabilities
These features aim to help security teams focus on the most critical vulnerabilities, streamline remediation efforts, and communicate value to stakeholders effectively.
Tenable Holdings (TENB) reported strong Q2 2024 financial results, with revenue reaching $221.2 million, up 13% year-over-year. The company's calculated current billings grew 10% to $221.1 million. Despite a GAAP operating loss of $8.8 million, Tenable achieved a non-GAAP income from operations of $42.8 million, significantly higher than the previous year.
Key highlights include:
- Non-GAAP diluted EPS of $0.31, up from $0.22 in Q2 2023
- Cash and short-term investments of $487.0 million as of June 30, 2024
- Addition of 408 new enterprise platform customers and 76 net new six-figure customers
Tenable also acquired Eureka Security to enhance its cloud data security offerings and formed a strategic alliance with Deloitte. The company provided a positive outlook for Q3 2024 and the full year, projecting continued growth in revenue and non-GAAP earnings.
Tenable, the Exposure Management company, has launched a Public Sector Advisory Board (PSAB) for the U.S. market. The inaugural members include Rob Joyce, former Director of Cybersecurity at the NSA, and Mark Weatherford, former Deputy Under Secretary for Cybersecurity at DHS. They will join Tenable's CEO Amit Yoran and SVP James Hayes.
The PSAB aims to address critical cybersecurity challenges and strengthen national cyber defenses by leveraging insights from key public sector influencers and cybersecurity leaders. This initiative focuses on enhancing public sector engagement and bolstering U.S. cyber posture against increasingly sophisticated foreign adversaries.
Both Joyce and Weatherford bring extensive experience in cybersecurity and government roles, emphasizing the importance of public-private collaboration in addressing evolving cyber threats and protecting critical infrastructure.
Tenable (NASDAQ: TENB), the Exposure Management company, has announced the date for its second quarter 2024 earnings conference call. The company will release its financial results for the quarter ended June 30, 2024, after the U.S. market close on Wednesday, July 31, 2024. Tenable will host a conference call at 4:30 p.m. ET on the same day to discuss the results.
Investors and interested parties can access the live webcast of the event on the Tenable Investor Relations website. For those who prefer to dial in, domestic callers can use 1-877-407-9716, while international callers can use 1-201-493-6779. A webcast replay will be available until Wednesday, August 14, 2024.
Tenable announced its agreement to acquire Eureka Security, a DSPM provider for cloud environments. The acquisition, expected to close this month, will integrate Eureka's capabilities into Tenable's CNAPP solution, enhancing data security posture management. This integration aims to provide better visibility and control over cloud data security risks, addressing vulnerabilities, misconfigurations, and over-privileged access. According to Tenable's 2024 Cloud Security Outlook, 95% of surveyed organizations faced cloud-related breaches in the last 18 months, with 92% experiencing sensitive data exposure. Tenable's acquisition of Eureka aims to offer comprehensive cloud security solutions and improve compliance, though it will not significantly impact revenue this year.
Tenable announced a strategic alliance with Deloitte to enhance cybersecurity solutions for clients. Deloitte has integrated the Tenable One Exposure Management Platform, Tenable Cloud Security, and Tenable OT Security into its portfolio. This collaboration focuses on improving vulnerability management, cloud security, and operational technology security. Tenable One offers unified visibility and context-driven risk analytics, helping clients prioritize and mitigate cyber risks. Jeff Brooks from Tenable highlighted the importance of data unification and risk assessment, while Will Burns from Deloitte emphasized the benefits of enriching their cyber ecosystem for clients.
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