Tenable Achieves FedRAMP “Ready” Designation for Tenable Cloud Security
- Tenable achieved the 'Ready' designation at the moderate impact level from FedRAMP for Tenable Cloud Security for U.S. Government - Ermetic, showcasing the company's commitment to cloud security and the public sector.
- The FedRAMP authorization allows the U.S. federal government to deploy Tenable Cloud Security across various departments and agencies, supporting the government's modernization efforts.
- Tenable Cloud Security is a comprehensive CNAPP solution that simplifies identification and remediation of risk across multi-cloud and hybrid environments, providing complete visibility and an accurate understanding of cyber risk.
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Insights
The recent announcement by Tenable regarding its FedRAMP 'Ready' status for the Tenable Cloud Security for U.S. Government - Ermetic represents a significant milestone for the company and its stakeholders. Achieving this designation indicates that Tenable's cloud security solution has undergone a rigorous security assessment and is deemed reliable for use within federal agencies. This development is likely to open up new opportunities for Tenable within the public sector, a key market for cybersecurity products.
FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization and continuous monitoring for cloud products and services. The 'Ready' status signifies to agencies that a Cloud Service Provider (CSP) has met certain thresholds and is ready to undergo the full FedRAMP Authorization process. This is critical for CSPs looking to service federal agencies, as it is a prerequisite for bidding on government contracts that involve handling federal data.
For investors, the potential increase in sales and long-term contracts resulting from this authorization could positively affect Tenable's financial performance. The public sector's growing emphasis on cloud security, combined with Tenable's enhanced credibility, may lead to increased market share and revenue growth.
The FedRAMP 'Ready' status for Tenable's cloud security solution is a key differentiator in the competitive cybersecurity market. It is important to note that the federal government is a substantial customer with significant spending power. Tenable's entry into this market segment could potentially lead to a stable revenue stream, which is often favored by investors seeking less volatility in earnings.
It is also worth mentioning that the acquisition of Ermetic and its subsequent integration into Tenable's suite of products enhances the company's value proposition. By offering a more comprehensive solution that addresses the complex challenges of multi-cloud and hybrid environments, Tenable is positioning itself as a one-stop-shop for cloud security needs. Such strategic acquisitions and product developments can be a catalyst for stock performance, subject to successful market penetration and customer adoption.
The cloud security sector is rapidly evolving, with government agencies increasingly migrating to cloud-based solutions. Tenable's achievement of the FedRAMP 'Ready' designation indicates that the company is aligning with industry trends and responding to the heightened demand for robust cybersecurity measures. Given that cloud adoption is integral to the U.S. government's IT modernization initiatives, Tenable's FedRAMP authorization places it advantageously in a growing niche market.
Furthermore, the integration of Tenable's existing vulnerability management and web app scanning solutions with Tenable Cloud Security suggests a strategic move towards creating a unified security platform. This integration can lead to operational efficiencies and improved user experience, which are important factors in customer retention and competitive advantage. The ability to identify and remediate risks across cloud assets, identities and toxic combinations is increasingly critical and Tenable's comprehensive approach to cloud security could set a new industry standard.
COLUMBIA, Md., Dec. 22, 2023 (GLOBE NEWSWIRE) -- Tenable®, the Exposure Management company, today announced that it has achieved the “Ready” designation at the moderate impact level from the Federal Risk and Authorization Management Program (FedRAMP®) for Tenable Cloud Security for U.S. Government - Ermetic. Ermetic was acquired by Tenable in October 2023.
Tenable Cloud Security is a comprehensive CNAPP solution that simplifies identification and remediation of risk across multi-cloud and hybrid environments. Unlike siloed tools that leave visibility gaps, it maps every cloud asset, identity and risk, identifying toxic combinations that pose the greatest threat to the business.
The FedRAMP “Ready” designation highlights the company’s continued commitment to cloud security and the public sector. By achieving FedRAMP authorization, the U.S. federal government will be able to deploy Tenable Cloud Security across various departments and agencies.
“Cloud adoption is a critical component of the U.S. federal government’s modernization efforts, but managing security of cloud environments is complex without complete visibility and an accurate understanding of cyber risk,” said Joe Welsh, vice president of Public Sector sales, Tenable. “We’re eager to get Tenable Cloud Security into the hands of government IT and security teams to eliminate cloud blindspots and take the guesswork out of remediation.”
Tenable Cloud Security is the latest Tenable solution to achieve this FedRAMP status. Tenable Vulnerability Management and Tenable Web App Scanning achieved FedRAMP authorization in 2021. Tenable Cloud Security is integrated with both of these solutions.
For more information, visit the FedRAMP marketplace listing for Tenable Cloud Security. More information on Tenable Cloud Security is available at www.tenable.com/products/tenable-cloud-security.
About Tenable
Tenable® is the Exposure Management company. Approximately 43,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. As the creator of Nessus®, Tenable extended its expertise in vulnerabilities to deliver the world’s first platform to see and secure any digital asset on any computing platform. Tenable customers include approximately 60 percent of the Fortune 500, approximately 40 percent of the Global 2000, and large government agencies. Learn more at tenable.com.
Media Contact:
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