Tenable Completes Acquisition of Vulcan Cyber

Tenable® Holdings, Inc., (“Tenable”) (Nasdaq: TENB) the exposure management company, today announced it has closed its acquisition of Vulcan Cyber Ltd., (“Vulcan Cyber”), a leading innovator in exposure management.

Vulcan Cyber’s capabilities will enhance Tenable’s industry-leading Exposure Management platform, delivering comprehensive visibility, prioritization and remediation across the entire attack surface.

“As we welcome our new team members to Tenable, we will immediately begin working on the integration process to drive expanded data insights that will better prioritize risks and simplify remediation efforts for our customers,” said Steve Vintz, Co-CEO and CFO, Tenable. “This move accelerates our exposure management vision, which we believe will set a new standard for accuracy in risk mitigation in the industry.”

With enhanced visibility, extended third-party data flows, superior risk prioritization, and automated remediation, Tenable One will consolidate and aggregate vast amounts of data into one of the most comprehensive Exposure Management platforms available on the market. This will empower organizations to confidently reduce risk across their entire environment.

Financial Outlook

Our financial outlook below reflects the impact of Vulcan Cyber.

For the first quarter of 2025, we currently expect:

• Revenue in the range of $233.0 million to $235.0 million.
• Non-GAAP income from operations in the range of $40.0 million to $42.0 million.
• Non-GAAP net income in the range of $32.0 million to $34.0 million, assuming interest income of $3.8 million, interest expense of $7.0 million and a provision for income taxes of $3.6 million.
• Non-GAAP diluted earnings per share in the range of $0.26 to $0.27.
• 124.0 million diluted weighted average shares outstanding.

For the year ending December 31, 2025, we currently expect:

• Calculated current billings in the range of $1.045 billion to $1.060 billion.
• Revenue in the range of $975.0 million to $985.0 million.
• Non-GAAP income from operations in the range of $205.0 million to $215.0 million.
• Non-GAAP net income in the range of $175.0 million to $185.0 million, assuming interest income of $15.3 million, interest expense of $28.3 million and a provision for income taxes of $13.4 million.
• Non-GAAP diluted earnings per share in the range of $1.41 to $1.49.
• 124.5 million diluted weighted average shares outstanding.
• Unlevered free cash flow in the range of $265.0 million to $275.0 million.

其他资源

• Read today’s blog post on the acquisition here.
• Request a demo of Tenable One.

关于 Tenable

Tenable® 是一家风险暴露管理公司，其职责是揭示和弥合侵蚀商业价值、信誉和信任的网络安全缺口。Tenable 由 AI 驱动的暴露风险管理平台，能全面整合跨 IT 基础架构、云端环境、关键基础设施等所有攻击破绽的安全态势、洞察信息及提供相关行动方案，协助现代企业有效抵御来自四面八方的威胁。透過保護企業免於安全曝險，Tenable 為全球約 44,000 家客戶降低了業務風險。详情请访问 tenable.com。

前瞻性陈述

This press release contains forward-looking information related to Tenable, and its acquisition of Vulcan Cyber Ltd. that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. 您通常可以通过新闻稿中所使用的前瞻性术语来识别前瞻性陈述，如：“预期”、“相信”、“继续”、“可能”、“估计”、“预计”、“探索”、“评估”、“意图”、“可以”、“也许”、“计划”、“潜力”、“预测”、“规划”、“寻求”、“应该”或“将”，或这些术语的否定词或其他变体或类似术语。 本新闻稿中的前瞻性陈述基于 Tenable 当前的计划、目标、估计、预期和意图，本质上涉及重大风险和不确定性，其中许多超出了 Tenable 的控制范围。 Forward-looking statements in this communication include, among other things, statements regarding the impact of the Vulcan Cyber acquisition on our future results of operations and financial position, statements about the potential benefits of the acquisition and product developments and other possible or assumed business strategies, potential growth opportunities, new products, potential market opportunities, and the anticipated timing of the closing of the acquisition. Risks and uncertainties include, among other things, our ability to successfully integrate Vulcan Cyber’s operations; our ability to implement our plans, expectations with respect to Vulcan Cyber’s business; our ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period; disruption from the acquisition making it more difficult to maintain business and operational relationships; the inability to retain key employees; the negative effects of the consummation of the acquisition on the market price of our common stock or on our operating results; unknown liabilities; attracting new customers and maintaining and expanding our existing customer base; our ability to scale and update our platform to respond to customers’ needs and rapid technological change, increased competition on our market and our ability to compete effectively, and expansion of our operations and increased adoption of our platform internationally.

Additional risks and uncertainties that could affect our financial results are included in the section titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023, our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 and other filings that we make from time to time with the Securities and Exchange Commission (“SEC”) which are available on the SEC’s website at www.sec.gov. 此外，本通讯稿中包含的任何前瞻性陈述均基于我们认为截至当日合理的假设。 除法律要求外，我们没有义务更新本通讯稿中的前瞻性陈述，也没有义务在实际结果与前瞻性陈述中预期的结果存在重大差异时更新原因。

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Contact Information

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RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

The following adjustments to reconcile forecasted non-GAAP income from operations, non-GAAP net income, non-GAAP earnings per share, free cash flow and unlevered free cash flow are subject to a number of uncertainties and assumptions, each of which are inherently difficult to forecast. As a result, actual adjustments and GAAP results may differ materially.

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(1) The forecasted GAAP net loss assumes income tax expense of $4.6 million and $18.4 million in the three months ending March 31, 2025 and year ending December 31, 2025, respectively.

(2) Adjustment to reconcile GAAP net loss per share, which excludes potentially dilutive shares, to non-GAAP earnings per share, which includes potentially dilutive shares.