Tenable’s Purchase of Data Security Provider FlawCheck Shows Cybersecurity Has Become Increasingly Critical
Tenable Network Security Inc. has purchased information technology company FlawCheck Private Registry for an undisclosed amount.
FlawCheck provides security and protection for cloud-based storage against malware and other potential risks. Application and network developers use FlawCheck to monitor Docker containers and images in the early stages of software development and deployment processes. Docker containers and images are filesystem layers used to store content. The target’s founders, Anthony Bettini and Sasan Padidar, are alumni of Facebook, Google, Intel Corp. and McAfee.
Columbia, Maryland-based Tenable is a network security provider focused on eliminating network blind spots and identifying potential threats to reduce exposure and loss. The buyer services multiple industries with more than 20,000 clients including: Crosskey, McKesson Corp. (NYSE: MCK), the U.S. Department of Defense, Navy Mutual Aid Association, Sprint Corp. (NYSE: S) and more. With the addition of FlawCheck, Tenable is expanding its vulnerability management and monitoring capabilities through the buyer’s existing products: Nessus, Security Center, and Security Center CV.
Tenable’s acquisition of FlawCheck underlines the notion that cybersecurity has become a critical part of the M&A process, especially as hackers have continued to invade government agencies, presidential campaigns, and large corporations. In 2016 alone, Internet tech provider Dyn caused outages for a string of popular websites and more than 500 million Yahoo Inc. (Nasdaq: YHOO) accounts were breached. The website outages affected popular websites such as Amazon, Twitter and Netflix. Dealmakers believe M&A activity in the cybersecurity space is expected to continue.