Brief: Tenable Agres to Acquire CNAPP Vendor Ermetic

Tenable Holdings

07/09/2023 13:03

Sept 7 (Reuters) - Tenable Holdings Inc  TENB.O :
    * TENABLE INCREASES FOCUS ON CLOUD SECURITY WITH AGREEMENT
TO
ACQUIRE CNAPP VENDOR ERMETIC
    * TENABLE HOLDINGS INC: WILL ACQUIRE ERMETIC FOR
APPROXIMATELY
$240 MILLION IN CASH AND $25 MILLION IN RESTRICTED STOCK AND
RSUS
    * TENABLE HOLDINGS INC: EXPECTS TO FUND CASH PORTION OF
PURCHASE
PRICE WITH EXISTING CASH
    * TENABLE: ERMETIC'S FINANCIAL RESULTS IN Q4 NOT EXPECTED TO
MATERIALLY CONTRIBUTE TO REVENUE OR CALCULATED CURRENT BILLINGS

Source text for Eikon:  ID:nGNXcccF5w 
Further company coverage:  TENB.O 

 (Reporting by ArsheeyaSingh Bajwa)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com;))