secwatch.observer — SEC 8-K summary
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Issuer:     Tenable Holdings, Inc. (TENB)
CIK:        0001660280
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001660280-23-000127
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenable acquires CNAPP vendor Ermetic for $265M; close expected early Q4 2023
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- Purchase price: ~$240M cash + $25M in restricted stock/RSUs, subject to customary adjustments.
- Ermetic provides cloud-native application protection (CNAPP) and cloud infrastructure entitlement mgmt (CIEM).
- Acquisition expected to close early Q4 2023, subject to customary closing conditions.
- Q4 2023: non-GAAP op expenses up $4–6M; unlevered FCF down $14–16M (incl. acquisition costs).
- Tenable will integrate Ermetic into its Tenable One Exposure Management Platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660280/000166028023000127/0001660280-23-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660280/000166028023000127/tenb-20230907.htm
  HTML page:      https://secwatch.observer/filing/0001660280-23-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer