Tenable acquires external attack surface management startup Bit Discovery for $45.5 million

Tenable Inc. today announced an agreement to acquire Bit Discovery Inc.an external attack surface management startup, for $45.5 million in an all-cash deal.

Founded in 2018, Bit Discovery offers a platform for website asset inventory and portfolio management. The service provides attack surface management to identify and manage Internet-connected assets.

Bit Discovery’s platform is designed to eliminate the problem of organizations being blind to the full and ever-changing scope of assets and services accessible on the Internet. The company’s EASM continuously monitors the Internet, allowing customers to quickly discover and identify any external assets that could be exposed and targeted by cybercriminals.

Notable Bit Discovery customers include NTT Security AppSec Solutions Inc., Redshield Security Ltd., Bugcrowd Inc., Security Compass Technologies Ltd., SecTheory Ltd., Moonlight Labs and SaltWorks Inc.

Bit Discovery’s EASM capabilities will be merged with Tenable’s cybersecurity exposure solutions to provide customers with a 360-degree view of the modern attack surface – inside and out – to identify and eliminate known and unknown security risk areas.

Tenable plans to leverage Bit Discovery’s EASM solutions across its portfolio, including enterprise vulnerability management, its Nessus vulnerability assessment service, cloud, operational technology and identity. The company says that once the technology is integrated, customers will have the ability to assess the security posture of their entire attack surface and understand each of them in the context of a threat path. attack that could exist from external systems to critical assets.

“Anything visible on the Internet is quite possibly the first target and the hardest thing for organizations to see and continually assess,” said Glen Pendley, chief technology officer at Tenable, in A declaration. “We believe that attack surface management is essential to modern cybersecurity and is an integral part of our vulnerability and cyber exposure solutions. We seamlessly combine previously disjointed information and empower security practitioners to eliminate blind spots and easily understand their cyber exposure in ways previously impossible.

Prior to its acquisition, Bit Discovery had raised $6.6 million in venture capital, including a $4 million round from Might Capital and Aligned Partners. in June. The deal is subject to customary purchase price adjustments and is expected to close in the second quarter.

The deal to buy Bit Discovery is from Tenable sixth acquisition. Previous purchases included Cymptom Labs Ltd. in February and Alsid SAS for $98 million in February 2021.

Image: Bit Defender

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Shirlene J. Manley