Tenable to Acquire Vulcan Cyber

New York – January 29, 2025 – Cooley advised Tenable Holdings (Nasdaq: TENB), the exposure management company exposing and closing the cybersecurity gaps that erode business value, on its definitive agreement to acquire Vulcan Cyber, an innovator in exposure management. Under the terms of the agreement, Tenable will acquire Israel-based Vulcan Cyber for approximately $147 million in cash and $3 million of restricted stock units that vest over a future period. The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions.

Partner Bill Roegge and special counsel Meredith Klionsky led the Cooley team advising Tenable.

Cooley previously advised Tenable on its acquisition of Eureka Security in June 2024, its acquisition of Ermetic in September 2023, its acquisition of Bit Discovery in June 2022, its $425 million debt financing in July 2021, its acquisition of Indegy in July 2020 and its $288 million initial public offering in August 2018.

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