Tenable Holdings, Inc. (TENB): M&A transaction — Tenable Holdings completes acquisition of Ermetic for approximately $265 million

Tenable Holdings, Inc.

Acquired all outstanding shares of Ermetic for $240 million in cash and $25 million in Tenable restricted stock and RSUs.
Acquisition closed on October 2, 2023, as announced in an 8-K filing.
Ermetic is a cloud-native application protection platform (CNAPP) and cloud infrastructure entitlement management (CIEM) provider.
Tenable will integrate Ermetic into its Tenable One Exposure Management Platform and Tenable Cloud Security.
Amit Yoran, Tenable CEO, said the combination delivers tightly integrated CNAPP capabilities with identity insights.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Tenable Holdings, Inc. completed an acquisition involving Ermetic Ltd. for approximately $240 million in cash and $25 million in Tenable restricted stock and restricted stock units (closed 2023-10-02).

Action: acquisition
Counterparty: Ermetic Ltd.
Consideration: approximately $240 million in cash and $25 million in Tenable restricted stock and restricted stock units
Closing: 2023-10-02

Exact text from the filing

of the indemnitors under the SPA. Under the terms of the SPA, the Purchaser acquired all of the outstanding share capital of Ermetic from the Sellers for approximately $240 million in cash and $25 million in Tenable restricted stock and restricted stock units, subject to certain customary purchase price adjustments as set forth in the SPA. The foregoing

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Tenable Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001660280-23-000134

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