Acquisition of Eureka Security by Tenable for increased insight into cloud data landscape
Tenable Holdings, a leading cybersecurity company, has announced its acquisition of Eureka Security, a startup specializing in data security posture management for cloud environments. The deal, which was finalized in April, offers several key benefits for cloud data security.
Enhanced Cloud Data Security Posture Management (DSPM)
Eureka Security excels in DSPM for cloud environments, providing security teams with a comprehensive and holistic view of their organization’s cloud data security posture. This enables better identification, monitoring, and risk management of sensitive data across cloud platforms[1].
Improved Visibility into Cloud Data Risks
By integrating Eureka Security's capabilities, Tenable can help customers gain deeper insight into where their sensitive data resides, how it is being accessed, and whether appropriate protections are in place. This helps reduce the risk of cloud data breaches[1].
Expansion of Tenable’s Exposure Management Offering
Tenable, known for its vulnerability management and continuous network monitoring, extends its platform to cover data security in the cloud. Combining vulnerability management with DSPM creates a more comprehensive approach to identifying and managing cyber risks related to cloud data[1][3].
Stronger Competitive Position in Cloud Security Market
The acquisition solidifies Tenable’s position as a leader in cloud security by addressing increasing customer demand for cloud-specific data protection solutions in multi-cloud and hybrid cloud environments[1].
Context for Holistic Protection of Customer Data
The addition of Eureka's DSPM technology will provide more context on the cloud risk for holistic protection of customer data, according to Tenable[1]. Eureka Security helps companies prevent misconfigurations by providing a more detailed view of their cloud data security footprint.
Market Demand for Unified Security Tools
The market has seen a surge in demand for unified security tools that help companies quickly hunt for threats and mitigate vulnerabilities. The acquisition of Eureka Security by Tenable will enable Tenable's customers to better identify risky cloud data and who has access to it[1].
Financial Details and Customer Base
The terms of the acquisition were not disclosed. Tenable, with about 44,000 customers globally, reported $798.7 million in revenue in fiscal 2023.
Eureka Security, a startup backed by YL Ventures, was founded in 2021 by CEO Liat Hayun and CTO Asaf Weiss, both veterans of Palo Alto Networks.
Expert Opinion
Erik Nost, senior analyst at Forrester, emphasized the need for solutions that provide visibility, prioritization, and remediation. Acquisitions can provide more functionality natively, but they should tie back to one of the three principles, according to Nost. Solutions lacking prioritization or remediation require additional workflows[1].
Palo Alto Networks signed a deal last month to acquire IBM's QRadar SaaS assets, further demonstrating the growing demand for unified security solutions in the market.
In conclusion, the acquisition of Eureka Security by Tenable Holdings is a strategic move to enhance cloud data security posture management, improve visibility into cloud data risks, and expand Tenable’s exposure management offering. It solidifies Tenable’s position as a leader in cloud security and provides customers with improved data security visibility and posture management for their cloud assets, helping them more effectively manage and reduce risks related to cloud data exposure[1].
[1] Source: Tenable Holdings Press Release, April 2023.
- Tenable Holdings, enhanced by the acquisition of Eureka Security, aims to offer customers a more comprehensive approach to identifying and managing cyber risks related to cloud data, combining vulnerability management with Data Security Posture Management (DSPM).
- As part of the acquisition, Tenable aims to provide companies with a detailed view of their cloud data security footprint, helping to prevent misconfigurations and reduce the risk of cloud data breaches.
- The addition of Eureka's DSPM technology to Tenable's platform will help companies gain deeper insight into where their sensitive data resides, how it is being accessed, and whether appropriate protections are in place, all contributing to a more holistic protection of customer data.
