Tenable Holdings, Inc. - SaaS Valuation Profile TENB

Tenable Holdings, Inc. is a leading provider of exposure management and cybersecurity solutions, helping organizations understand, prioritize, and reduce their cyber risk across IT infrastructure, cloud environments, operational technology, and web applications. Founded in 2002 and headquartered in Columbia, Maryland, Tenable created the foundational vulnerability scanning technology Nessus, which remains one of the most widely deployed security assessment tools in the world.

The company's Tenable One Exposure Management Platform unifies vulnerability management, cloud security posture management (CSPM), identity exposure, web application scanning, and attack surface management into a single view. This platform approach enables security teams to see their entire attack surface — from traditional on-premises assets to cloud workloads, containers, Active Directory, and OT/IoT devices — and prioritize remediation based on actual exploitability and business context rather than raw CVSS scores.

Key products include Tenable Vulnerability Management (cloud-based vulnerability scanning), Tenable Cloud Security (formerly Ermetic, for cloud-native application protection), Tenable Identity Exposure (Active Directory security), and Tenable OT Security (for industrial and critical infrastructure environments). Tenable's Vulnerability Priority Rating (VPR) and Attack Path Analysis capabilities use machine learning to contextualize threats, significantly reducing alert fatigue for security teams.

Tenable serves approximately 44,000 customers globally, including roughly 65% of the Fortune 500, across industries such as government, financial services, healthcare, and technology. The company generates approximately $800 million in annual revenue, with a subscription-based model driving recurring revenue above 95% of total revenue. Gross margins exceed 78%, and the company employs around 2,200 people worldwide.