Tenable Holdings, Inc. develops cybersecurity exposure management software centered on the Tenable One Exposure Management Platform and the company’s Nessus vulnerability-management heritage. News about TENB commonly covers quarterly financial results, enterprise platform adoption, product and packaging updates, and AI-driven exposure-management capabilities such as Tenable Hexa AI.
Company updates also address cloud, identity, operational technology and cyber-physical systems security, including OT asset discovery and Tenable One OT Security. Additional recurring themes include investor communications, executive appointments, research on emerging exposure risks, and market recognition for the company’s exposure assessment and CPS protection offerings.
Tenable has been awarded the Technology Alliances Partner of the Year by BeyondTrust, a leader in Privileged Access Management. This recognition follows BeyondTrust's decision to name Tenable as its exclusive vulnerability management partner after exiting the market in 2020. Tenable aims to help organizations manage vulnerabilities and secure their most valuable assets efficiently. The partnership includes strategic integrations and a sales referral agreement, enhancing visibility and control over privileged accounts, benefiting joint customers.
Tenable has partnered with CyberNB's Critical Infrastructure Security Operations Center (CI-SOC) to bolster Canada's critical infrastructure security. This first-of-its-kind collaboration allows Tenable to provide risk-based vulnerability management solutions, enhancing stakeholders' ability to predict and mitigate cybersecurity risks. Through this partnership, stakeholders will gain access to Tenable’s advanced analytics and technology, enabling them to identify vulnerabilities efficiently and share best practices for safeguarding critical infrastructure.
Tenable announced a strategic collaboration with Deloitte to enhance security in smart manufacturing environments worldwide. As part of the initiative, Tenable.ot, a solution for securing IT/OT environments, will be showcased in Deloitte's Smart Factory @ Wichita. A study indicates that 86% of manufacturers view smart factories as vital for competitiveness in the next five years. This partnership addresses the growing importance of operational technology security, providing organizations with advanced threat detection and vulnerability management.
Tenable has appointed Niloofar Razi Howe as an independent director, effective May 25, 2021. With extensive experience in cybersecurity and corporate strategy, Howe will contribute to Tenable's mission of enhancing digital transformation and cloud initiatives. Currently a senior partner at Energy Impact Partners, Howe's previous positions include chief strategy officer at RSA and Endgame. Tenable, trusted by over 30,000 organizations globally, aims to provide comprehensive cyber risk visibility across diverse environments, aligning with Howe's vision for holistic security solutions.
Tenable has appointed Nico Popp as Chief Product Officer to lead global engineering and product management. Popp joins from Forcepoint, bringing substantial cybersecurity expertise, particularly in cloud solutions. His role aims to advance Tenable's Cyber Exposure vision, helping organizations better manage cyber risks across diverse environments. With a proven record of innovation and leadership in cloud services, Popp's appointment is expected to enhance Tenable's capabilities in digital transformation and risk prioritization.
Tenable has announced that its Chairman and CEO, Amit Yoran, along with CFO Steve Vintz, will participate in several upcoming investor conferences. The events include the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, exclusively featuring Steve Vintz, followed by the J.P. Morgan Global TMC Week on May 26, 2021, with both Yoran and Vintz attending. Lastly, Vintz will represent the company at the William Blair 41st Growth Stock Conference on June 2, 2021. Further details can be found on Tenable's investor website.
Tenable (Nasdaq: TENB) reported Q1 2021 revenue of $123.2 million, a 20% year-over-year increase. The company added 331 new enterprise customers and 29 six-figure customers. Despite a GAAP loss from operations of $5.8 million, non-GAAP income reached $13.9 million, with non-GAAP diluted EPS at $0.13. Cash flow was strong, with $38.6 million from operations and $37.6 million in free cash flow. Looking ahead, TENB expects Q2 revenue between $124 million and $126 million and 2021 revenue of $520 million to $524 million.
Tenable Holdings (NASDAQ: TENB) announced the acquisition of Alsid SAS, a leader in securing Active Directory, for approximately $98 million in cash, marking a significant milestone in Tenable’s strategy to enhance cyber risk management. This acquisition enables the launch of Tenable.ad, leveraging Alsid's technology to address vulnerabilities in Active Directory environments, which affects 90% of Fortune 1000 companies. CEO Amit Yoran emphasized the importance of understanding Active Directory security to manage cyber risks effectively.
Tenable (NASDAQ: TENB) will release its financial results for the first quarter ended March 31, 2021, after market close on April 27, 2021. A conference call will follow at 4:30 p.m. ET to discuss these results.
The event will be accessible via a live webcast on the Tenable Investor Relations website. A replay of the webcast will be available until May 11, 2021. Tenable serves over 30,000 organizations worldwide and has established itself as a leader in Cyber Exposure.
Tenable announced a strategic partnership with HCL BigFix to enhance vulnerability assessment and remediation.
This integration links Tenable.sc with HCL BigFix’s Insights for Vulnerability Remediation, allowing joint customers to prioritize vulnerabilities based on risk, thus reducing time-to-remediation.
Key features include predictive technologies and extensive remediation capabilities, addressing the issues of inefficient manual processes and lengthy remediation times.