Tenable Holdings, Inc.

Recent Mergers and Acquisitions

• Acquisition of Vulcan Cyber
  • Tenable announced the acquisition of Vulcan Cyber to enhance their data capabilities and accelerate exposure management.
  • The acquisition will allow Tenable to:
    • Aggregate and consolidate data across more than 100 third-party security products.
    • Enhance remediation capabilities through intelligent workflow operations.
    • Contribute an estimated 0.5 points of Current Billings (CCB) growth once integrated.
  • The financial impact of this acquisition is expected to be minimal in the first quarter, with notable contributions in the second half of the year as products are integrated into the Tenable One platform.
  • It is projected to add $11 million to $13 million in operating expenses and reduce unlevered free cash flow by $20 million, including transaction costs. The acquisition is expected to be accretive in the first half of the following year.

Summary of Strategic Implications

• The acquisition emphasizes Tenable's commitment to building the most comprehensive Exposure Management platform.
• Enhancements in data aggregation and remediation workflows position Tenable to meet customer needs efficiently and solidify its market standing in the face of ongoing security challenges created by scattered security products and resource-constrained teams.

This information outlines the current expansion strategy through acquisition and highlights Tenable's focus on enhancing product capabilities to drive future growth.