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    Tenable Holdings Inc (TENB)

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    Tenable Holdings, Inc. (TENB) is a leading provider of cybersecurity solutions, specializing in exposure management to help organizations identify, measure, and reduce cybersecurity risks. The company offers software and cloud-based solutions, perpetual licenses, and professional services to address vulnerabilities in complex IT environments. Tenable's products are designed to secure modern digital infrastructures, including cloud systems, internet-facing applications, and identity management systems.

    1. Subscription Revenue - Provides software and cloud-based solutions through annual or multi-year subscription contracts, delivering ongoing updates and critical functionality for cybersecurity risk management.
    2. Perpetual License and Maintenance Revenue - Offers perpetual software licenses bundled with maintenance services, including software updates and support over the contract period.
    3. Professional Services and Other Revenue - Delivers advisory services and training to assist customers in deploying and optimizing Tenable's cybersecurity solutions.
    NamePositionExternal RolesShort Bio

    Mark Thurmond

    Executive

    COO and Interim Co-CEO

    None

    Mark Thurmond joined as COO in February 2020 and was appointed Interim Co-CEO in December 2024. He has driven strong financial performance and growth in exposure management products.

    Stephen A. Vintz

    Executive

    CFO and Interim Co-CEO

    None

    Stephen A. Vintz has been CFO since October 2014 and was appointed Interim Co-CEO in December 2024. He has extensive experience in financial strategy and operations.

    A. Brooke Seawell

    Board

    Board Member

    Board Member at NVIDIA; Venture Partner at New Enterprise Associates

    A. Brooke Seawell has been a board member since October 2017. He is a seasoned financial expert with extensive experience in technology finance and operations.

    Arthur W. Coviello, Jr.

    Board

    Chairman of the Board

    Managing Partner at Syn Ventures; Board Member at Synchrony Financial

    Arthur W. Coviello, Jr. has been a board member since February 2018 and was appointed Chairman in January 2025. He is a veteran in the cybersecurity industry and a leader in venture capital and corporate governance.

    George Alexander Tosheff

    Board

    Board Member

    SVP and CSO at VMware; Advisory Board Member at Zoom, vArmour, and GoSecure

    George Tosheff joined the board in September 2022. He is a cybersecurity expert and serves as CSO at VMware, with advisory roles at leading tech companies.

    Linda Zecher Higgins

    Board

    Board Member

    CEO of Barkley Group; Board Member at Hasbro

    Linda Zecher Higgins has been a board member since August 2019. She is a leader in digital transformation and has held executive roles in multiple organizations, including IronNet and Hasbro.

    Margaret Keane

    Board

    Board Member

    Board Member at Allstate Corporation; Board Member at Cisive; Trustee at MSKCC

    Margaret Keane joined the board in June 2023. She is the former CEO of Synchrony Financial and led its IPO and separation from GE Capital.

    Niloofar Razi Howe

    Board

    Board Member

    Senior Operating Partner at Energy Impact Partners; Board Member at Composecure

    Niloofar Razi Howe joined the board in May 2021. She is a cybersecurity expert and venture capital leader, serving on multiple private and public company boards.

    1. "Given that you anticipate lower contribution from the U.S. Federal sector due to the transition of a new administration and the overhang of continuing resolutions, and considering that public sector accounts for about 15% of your total sales, how do you plan to mitigate this potential slowdown and what strategies are in place to offset the impact on your overall growth? , "

    2. "With the acquisition of Vulcan Cyber expected to reduce unlevered free cash flow by $20 million and add $11 million to $13 million in operating expenses in 2025, but contribute only 0.5 point to CCB growth, how confident are you that this acquisition will provide sufficient return on investment, and what risks do you foresee in integrating Vulcan's operations and realizing the anticipated benefits? , "

    3. "You plan to increase investments in sales and marketing and R&D early in the year while still expecting operating margins to improve throughout 2025; given the competitive landscape and macroeconomic uncertainties, what gives you confidence that these investments will drive the desired growth without compromising your profitability targets? , "

    4. "In the vulnerability management market, you are projecting mid-single-digit growth despite noting strong competitive displacements and high win rates; what challenges do you anticipate in sustaining growth in this mature segment, and how are you differentiating your offerings to stay ahead of both traditional competitors and new entrants in the market? , "

    5. "Considering the passing of CEO Amit Yoran and the ongoing search for new leadership without a designated timeline, how do you address concerns about potential disruptions in strategic direction or organizational stability, and what steps are you taking to ensure continuity in executing your vision? , "

    Program DetailsProgram 1 (November 2023)Program 2 (October 2024)
    Approval DateNovember 2023 October 2024
    End Date/DurationNot stated Not stated
    Total Additional Amount$100 million $200 million
    Remaining Authorization$0 (fully utilized) $35.1 million
    Details$64.9 million used to repurchase 1.5 million shares Opportunistic execution to reduce share count and return capital to shareholders

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Vulcan Cyber Ltd.

    2025

    Announced on January 29, 2025 and completed on February 7, 2025, this acquisition was valued at approximately $148 million in cash and $2 million in RSUs (with earlier indications of $147M and $3M RSUs) and is designed to enhance Tenable’s Exposure Management platform by integrating Vulcan’s cyber risk management capabilities.

    Eureka Security, Inc.

    2024

    Acquired in June 2024 for a total net cash consideration of $29.2 million, the deal was executed via a share purchase agreement to bolster Tenable’s cloud data security posture management, addressing policy drift and misconfigurations across cloud environments.

    Ermetic Ltd.

    2023

    Completed on October 2, 2023, the acquisition cost approximately $265 million (comprising $240 million in cash and $25 million in restricted stock/RSUs) and was aimed at integrating advanced CNAPP and CIEM capabilities into Tenable’s cybersecurity suite for enhanced cloud security and risk prioritization.

    Cymptom

    2022

    Finalized in February 2022 for around $23 million in cash, this acquisition enhanced Tenable’s ability to proactively measure, map, and prioritize attack paths—thus strengthening its overall cybersecurity capabilities.

    Bit Discovery

    2022

    Completed in June 2022 for $44.0 million in cash (net of $2.2 million in cash acquired), this acquisition was strategically aimed at augmenting Tenable’s external attack surface management by providing comprehensive insights into digital footprints and risk areas.

    No recent press releases or 8-K filings found for TENB.