Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Endpoint

7/26/2018
01:15 PM
Connect Directly
Twitter
LinkedIn
Google+
RSS
E-Mail
50%
50%

Tenable Prices IPO, Raises $250 Million

The past year has been one of significant growth for the cybersecurity firm, which is trading under the NASDAQ symbol TENB.

Tenable Holdings today announced the initial public offering (IPO) terms for Tenable Network Security, which has raised about $250 million and is pricing 10.9 million shares at $23 per share.

The company jumped 40% in its first day on the market, with shares opening at $33 and boosting Tenable's market value past $3 billion. The stock price was $31.29 per share at the time of publishing.

Tenable, based in Columbia, Md., was founded in 2002 to help companies detect security threats. Since building vulnerability assessment tool Nessus 10 years ago, the company has built and released Tenable.io, a "Cyber Exposure" platform designed to give security teams visibility into activity across their attack surface of endpoints, cloud, and IoT devices. The company is led by chairman and CEO Amit Yoran, former president of RSA and founding director of US-CERT.

In the 16 years since its founding, Tenable has grown to amass more than 24,000 customers in 160 countries. Clients include 53% of the Fortune 500 and 29% of the Global 2000, in addition to nine of the 10 largest US financial institutions, the company reports.

The past year marked a significant year of growth for Tenable, which ended 2017 with record billings exceeding $250 million, marking over 45% growth for the fiscal year. This also signified the seventh consecutive quarter of more than 40% year-over-year billings growth for the firm.

Toward the end of last year, the security firm teamed with Siemens on managed security services for critical infrastructure networks. The ICS/SCADA vendor announced plans to incorporate Tenable's vulnerability detection and management system into a new managed security service for critical infrastructure providers.

Hints of an IPO first appeared late last month, when Tenable filed a registration statement on Form S-1 with the US Securities and Exchange Commission. At the time, it announced shares would be traded under the NASDAQ symbol TENB, the symbol it continues to use today.

Tenable is one of several cybersecurity firms that have announced, or are rumored to announce, IPOs this year. Endpoint security company Carbon Black went public in early April, with plans to raise $100 million. Cloud security software provider Zscaler, the first major tech IPO of 2018, priced its stock in March at $16 per share.

Related Content:

 

 

 

Black Hat USA returns to Las Vegas with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Drecandlere
50%
50%
Drecandlere,
User Rank: Apprentice
8/7/2018 | 9:55:04 AM
Good article! Thanks!
Good article! Thanks!
Mobile Banking Malware Up 50% in First Half of 2019
Kelly Sheridan, Staff Editor, Dark Reading,  1/17/2020
Exploits Released for As-Yet Unpatched Critical Citrix Flaw
Jai Vijayan, Contributing Writer,  1/13/2020
Microsoft to Officially End Support for Windows 7, Server 2008
Kelly Sheridan, Staff Editor, Dark Reading,  1/13/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
The Year in Security: 2019
This Tech Digest provides a wrap up and overview of the year's top cybersecurity news stories. It was a year of new twists on old threats, with fears of another WannaCry-type worm and of a possible botnet army of Wi-Fi routers. But 2019 also underscored the risk of firmware and trusted security tools harboring dangerous holes that cybercriminals and nation-state hackers could readily abuse. Read more.
Flash Poll
[Just Released] How Enterprises are Attacking the Cybersecurity Problem
[Just Released] How Enterprises are Attacking the Cybersecurity Problem
Organizations have invested in a sweeping array of security technologies to address challenges associated with the growing number of cybersecurity attacks. However, the complexity involved in managing these technologies is emerging as a major problem. Read this report to find out what your peers biggest security challenges are and the technologies they are using to address them.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-7227
PUBLISHED: 2020-01-18
Westermo MRD-315 1.7.3 and 1.7.4 devices have an information disclosure vulnerability that allows an authenticated remote attacker to retrieve the source code of different functions of the web application via requests that lack certain mandatory parameters. This affects ifaces-diag.asp, system.asp, ...
CVE-2019-15625
PUBLISHED: 2020-01-18
A memory usage vulnerability exists in Trend Micro Password Manager 3.8 that could allow an attacker with access and permissions to the victim's memory processes to extract sensitive information.
CVE-2019-19696
PUBLISHED: 2020-01-18
A RootCA vulnerability found in Trend Micro Password Manager for Windows and macOS exists where the localhost.key of RootCA.crt might be improperly accessed by an unauthorized party and could be used to create malicious self-signed SSL certificates, allowing an attacker to misdirect a user to phishi...
CVE-2019-19697
PUBLISHED: 2020-01-18
An arbitrary code execution vulnerability exists in the Trend Micro Security 2019 (v15) consumer family of products which could allow an attacker to gain elevated privileges and tamper with protected services by disabling or otherwise preventing them to start. An attacker must already have administr...
CVE-2019-20357
PUBLISHED: 2020-01-18
A Persistent Arbitrary Code Execution vulnerability exists in the Trend Micro Security 2020 (v160 and 2019 (v15) consumer familiy of products which could potentially allow an attacker the ability to create a malicious program to escalate privileges and attain persistence on a vulnerable system.