Cloud security company Eureka Security set to be acquired by Tenable, enhancing Tenable's insight into cloud data environments.
In a strategic move to bolster its cloud data security capabilities, Tenable Holdings has announced the acquisition of Eureka Security, a startup specializing in data security posture management (DSPM) for cloud environments.
Founded in 2021 by CEO Liat Hayun and CTO Asaf Weiss, both veterans of Palo Alto Networks, Eureka Security helps companies prevent misconfigurations by providing a more detailed view of their cloud data security footprint. This acquisition is expected to enable Tenable to better identify, monitor, and protect sensitive data and configurations across complex cloud environments, thereby strengthening overall cloud security and reducing exposure to data breaches and compliance risks.
The acquisition is significant as organizations increasingly move data and workloads to the cloud. Corporate stakeholders are becoming increasingly concerned about understanding the risk calculus of their technology stacks, with a focus on whether they are a potential target. The market has seen a surge in demand for unified security tools that help companies quickly hunt for threats and mitigate vulnerabilities.
The evolving role of Chief Information Security Officers (CISOs) is profound. CISOs are tasked with managing not only traditional network vulnerabilities but also ensuring data security in dynamic cloud infrastructures. By integrating Eureka Security’s DSPM technology, Tenable provides CISOs with more comprehensive visibility and control over their cloud data risks. This empowers CISOs to adopt a proactive, risk-based approach to security that aligns with growing demands for securing AI initiatives and scalable cloud environments.
The acquisition reflects the strategic prioritization of cloud data security in the cybersecurity industry and recognizes the need for CISOs to evolve from managing traditional perimeter defenses to overseeing exposure management that includes robust cloud data protection. This supports organizations in addressing the accelerating complexity and scale of data security challenges brought on by cloud adoption and AI advancements.
Meanwhile, in other industry news, Palo Alto Networks recently signed a deal to acquire IBM's QRadar SaaS assets, and Wiz entered a deal in April to buy Gem Security. These acquisitions underscore the ongoing consolidation in the cybersecurity market as vendors strive to integrate or provide the principles of visibility, prioritization, and remediation that are essential for effective cybersecurity solutions.
[References] [1] Tenable Holdings reports $798.7 million in revenue in fiscal 2023 and has approximately 44,000 customers globally. [2] Erik Nost, senior analyst at Forrester, emphasized the need for solutions that provide visibility, prioritization, and remediation for cybersecurity teams. [3] Vendors can integrate or provide these principles themselves, according to Nost. [4] Nost stated that solutions lacking prioritization or remediation require additional workflows, creating bottlenecks. [5] Acquisitions can provide more functionality natively, but they should still tie back to one of the three principles: visibility, prioritization, or remediation, as per Nost. [6] Shai Morag, SVP and general manager, cloud security at Tenable, stated that the addition of Eureka's DSPM technology will provide more context on the cloud risk for holistic customer data protection. [7] The evolving role of CISOs (Chief Information Security Officers) is emphasized, although the specifics of this evolution are not detailed in this paragraph. [8] The market has seen a surge in demand for unified security tools that help companies quickly hunt for threats and mitigate vulnerabilities. [9] Eureka Security is a startup backed by YL Ventures. [10] YL Ventures led a round of $8 million in seed funding for Eureka Security in 2022. [11] Wiz entered a deal in April to buy Gem Security. (This is a new fact not previously mentioned) [12] Tenable Holdings has made another acquisition, this time not disclosed in terms of its financial impact on revenue for the current year.
In this strategic move, Tenable Holdings acquires Eureka Security, a startup specializing in cloud data security posture management, to bolster its own cloud security capabilities, aligning with the market's increasing focus on data security in dynamic cloud infrastructures and unified security tools essential for business operations in the era of technology-driven finance. The acquisition is expected to offer Tenable's Chief Information Security Officers (CISOs) more comprehensive visibility and control over their cloud data risks, therefore empowering them to adopt a proactive, risk-based approach to security that aligns with growing demands for securing AI initiatives and scalable cloud environments.
