[July 24, 2017] |
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Tenable Delivers Record Results in Q2 and the First Half of 2017
Tenable
Network Security®, Inc., the Cyber Exposure company, today announced
record second quarter results with over $50 million in billings, which
represents over 50 percent growth year-over-year. Tenable's record
results make it one of the world's largest and fastest-growing private
cybersecurity companies and reflect the company's proven leadership and
innovation in helping organizations of all sizes rethink how they
manage, measure and reduce Cyber Exposure across the modern attack
surface.
Company highlights for the second quarter and first half of 2017 include:
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Achieved over 50 percent year-over-year billings growth for both the
second quarter and for the first half of 2017, with strong performance
across North America, Europe and Asia-Pacific
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Delivered fifth consecutive quarter of 45 percent billings growth or
higher
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Added more than 1,000 new customers during the second quarter across a
variety of industries, surpassing more than 23,000 customers globally
in over 150 countries
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Added more than 100 new enterprise customers such as FedEx, VMware and
Westlake Chemical. Tenable™ customers include over 50 percent of the
Fortune 500, 10 of the top 10 largest U.S. technology companies and
eight of the top 10 largest U.S. financial institutions
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Successfully migrated from a perpetual license model to a subscription
license model, increasing the percentage of recurring revenue over a
two year period to 90 percent in the first half of 2017
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Opened the company's international headquarters office in Dublin,
Ireland, broadening its total global footprint with offices in 20
countries
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Released Tenable.io™, the first Cyber Exposure platform to provide
visibility into any asset on any computing platform, including
purpose-built applications for Vulnerability Management, Container
Security and Web Application Scanning
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Expanded the already vibrant Nessus® community, reaching over 1.6
million downloads globally
"Tenable isn't just changing the game, we're rewriting the rules for how
companies manage and measure the Cyber Exposure of their modern attack
surface," said Amit Yoran, CEO, Tenable. "We defined the vulnerability
management market and bilt a global juggernaut as the creator of
Nessus. Now we're expanding on our heritage and moving the market beyond
the old world of client/server and on-premise, where scanning a network
and generating spreadsheets of raw vulnerability data was the only
option. We are using our deep expertise into assets, networks and
vulnerabilities to provide CISOs and the business with the right level
of visibility, focus and insight to prevent issues and factor Cyber
Exposure into every strategic business decision."
Organizations of all sizes are embracing digital transformation,
resulting in an explosion of new platforms, devices and approaches
including cloud, SaaS (News - Alert), mobile, IoT and DevOps. According to BI
Intelligence, there will be over nine billion Internet of Things
(IoT) devices residing on enterprise wireless networks by 2019, more
than the entire smartphone and tablet markets combined. The modern cyber
attack surface is no longer just a laptop or server, but is now a
complex mix of connected devices, services and computing platforms which
is constantly expanding and contracting like a living organism. The
failure of old tools and one-size-fits-all approaches to scanning the
network for vulnerabilities which were designed for the old world of
traditional IT means that most organizations can't keep pace with modern
assets, creating a massive gap in an organization's ability to
understand and accurately represent its Cyber Exposure at any given time.
Tenable is reimagining how organizations address this problem as the
pioneer of Cyber Exposure, an emerging discipline for managing and
measuring the modern attack surface to accurately understand and reduce
cyber risk. Built on the roots of Vulnerability Management designed for
traditional IT, Cyber Exposure transforms cybersecurity from identifying
bugs and misconfigurations and expanding it to live discovery into every
asset in any environment. Cyber Exposure also delivers continuous
visibility into where assets are secure versus exposed, and to what
extent, and prioritizes remediation based on the asset's business
criticality and the severity of the exposure. The adoption of Cyber
Exposure will ultimately empower organizations to translate raw security
data into a metrics-driven program where every business decision factors
in Cyber Exposure in the same way as other business risks.
In the first half of the year, Tenable released a number of innovative
solutions in rapid succession. These include Tenable.io, the world's
first Cyber Exposure platform to provide visibility into any asset on
any computing platform; Tenable.io Container Security to seamlessly
enable DevOps processes by providing visibility into the security of
container images as they are created; and Tenable.io Web Application
Scanning to safely and automatically scan web applications to identify
vulnerabilities. The company will continue to innovate with new
solutions every quarter to realize its vision for Cyber Exposure.
To learn more, visit Tenable at Black Hat USA 2017 in Las Vegas (booth
608), at RSA (News - Alert) Conference 2017 Asia Pacific & Japan in Singapore (booth
G9) or visit www.tenable.com/cyber-exposure.
About Tenable
Tenable™ is the Cyber Exposure company. Over 23,000 organizations of all
sizes around the globe rely on Tenable to manage and measure their
modern attack surface to accurately understand and reduce cyber risk. As
the creator of Nessus®, Tenable built its platform from the ground up to
deeply understand assets, networks and vulnerabilities, extending this
knowledge and expertise into Tenable.io™ to deliver the world's first
platform to provide live visibility into any asset on any computing
platform. Tenable customers include more than 50 percent of the Fortune
500, large government agencies, and mid-sized organizations across the
private and public sectors. Learn more at tenable.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170724005298/en/
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