Tenable Shelling Out $44.5 Million for Bit Discovery

Also in this week’s cybersecurity M&A, Tenable is scooping up Bit Discovery for $44.5 million. The deal should close this quarter.

Bit Discovery provides external attack surface management (EASM). Combining Tenable’s cyber exposure solutions with Bit Discovery’s EASM capabilities will provide customers with a differentiated 360-degree view of the modern attack surface – both inside out and outside in – to identify and eliminate areas of known and unknown security risk.

Glen Pendley is Tenable‘s CTO.

“From a partner perspective, this acquisition will open up a lot of doors by improving our entire product portfolio,” he said. “It’s not just a standalone product that we’re bringing to market. After closing, Tenable will leverage Bit Discovery’s EASM solutions across its entire portfolio – from enterprise VM to Nessus, from cloud to OT to identity – boosting security effectiveness dramatically. Customers will have the ability to assess the security posture of their entire attack surface with one integrated solution and understand each of these in the context of an attack path, which might exist from external systems to critical assets or any other part of the enterprise. By covering both external and internal assets, Tenable will provide a comprehensive view of vulnerabilities and cyber risk, allowing customers to prioritize remediation efforts and minimize cyber exposure.”

Bit Discovery is Tenable’s fifth acquisition.

“Looking at Tenable’s past acquisitions, we’ve been working to cover as much of the attack surface as possible, but there was one obvious gap, and that was interconnected assets,” Pendley said. “Gaining insight into every part of a business’ digital footprint is an essential part of any effective cybersecurity program. And with the number of critical internet-facing services, it’s never more critical. But the problem is that most organizations don’t have full visibility into what assets they have on the internet, and it’s difficult to make those assessments at scale. Looking at Bit Discovery’s powerful EASM solution, Bit Discovery eliminates this problem by continuously monitoring the internet, allowing customers to rapidly discover and identify all externally facing assets that could become exploitable targets by cybercriminals. And it’s not just about discovering assets at scale and quickly, but organizations also need high-efficacy data, which Bit Discovery provides.”