Tenable Holdings, Inc. (TENB): History, Ownership, Mission, How It Works & Makes Money

In the realm of cybersecurity, does Tenable Holdings, Inc. (TENB) stand out as a key player? With a market capitalization of $3.95 billion as of April 2025 and a wide array of exposure management solutions, Tenable has solidified its position in the industry, serving approximately 44,000 customers, including 65% of the Fortune 500 as of December 31, 2023. Dive in to discover how Tenable evolved from its roots with the Nessus vulnerability scanner to becoming a comprehensive cyber exposure solutions provider, achieving $900 million in revenue for the trailing 12 months ending December 31, 2024, and explore its mission, operational strategies, and revenue streams.

Tenable Holdings, Inc. (TENB) History

Tenable's Founding Timeline

Year established

Tenable was established in 2002.

Original location

The company was originally located in Columbia, Maryland.

Founding team members

The founding team members included:

• Ron Gula
• Jack Huffard
• Renaud Deraison

Initial capital/funding

Tenable initially bootstrapped its operations before securing significant venture capital funding later on.

Tenable's Evolution Milestones

Tenable's Transformative Moments

• Focus on Continuous Monitoring: Tenable's early emphasis on continuous network monitoring set it apart from traditional vulnerability scanning solutions, which typically involved periodic assessments.
• Expansion into Cloud Security: The launch of Tenable.io marked a significant shift towards cloud-based vulnerability management, aligning with the growing adoption of cloud computing among organizations.
• Strategic Acquisitions: Acquisitions like Alsid SAS and Bit Discovery have enabled Tenable to expand its product portfolio and address emerging security challenges such as Active Directory security and external attack surface management.
• Shift to Platform Approach: Tenable evolved from offering standalone products like Nessus to providing a comprehensive vulnerability management platform, integrating various security capabilities into a unified solution.

For more in-depth insights into Tenable's investor profile, you might find this resource helpful: Exploring Tenable Holdings, Inc. (TENB) Investor Profile: Who’s Buying and Why?

Tenable Holdings, Inc. (TENB) Ownership Structure

Understanding Tenable's ownership structure provides valuable insights into its governance and strategic direction. A mix of institutional investors, company insiders, and retail shareholders collectively own Tenable, influencing its corporate decisions and long-term vision.

Tenable's Current Status

Tenable Holdings, Inc. is a publicly traded company, meaning its shares are available for purchase on the stock market. It is listed on the Nasdaq Stock Market under the ticker symbol TENB.

Tenable's Ownership Breakdown

The ownership of Tenable is distributed among various types of shareholders. Here's a breakdown:

Tenable's Leadership

Tenable's leadership team is composed of experienced individuals who guide the company's strategy and operations. Key members as of April 2025 include:

• Amit Yoran: Chairman and Chief Executive Officer
• Stephen Riddick: Chief Financial Officer
• Bridget Quinn: Chief Marketing Officer

For more detailed information on Tenable's investors and their motivations, check out this analysis: Exploring Tenable Holdings, Inc. (TENB) Investor Profile: Who’s Buying and Why?

Tenable Holdings, Inc. (TENB) Mission and Values

Tenable's mission is to help organizations understand and reduce their cybersecurity risk. The company values innovation, collaboration, and a commitment to customer success, aiming to provide comprehensive visibility and insights into security vulnerabilities.

Tenable's Core Purpose

Official mission statement

Tenable's mission statement is: 'To empower organizations to understand and reduce their cybersecurity risk.' This reflects the company's focus on providing solutions that enable businesses and government entities to proactively manage and mitigate threats in an increasingly complex digital landscape.

• Focuses on enabling organizations to proactively manage and mitigate cybersecurity threats.
• Aims to provide comprehensive visibility and insights into security vulnerabilities.
• Reflects a commitment to helping customers understand and reduce their overall cybersecurity risk.

Vision statement

While a specific, formally declared vision statement is not explicitly available, Tenable's actions and strategic goals suggest a vision focused on leading the cyber exposure management market. This involves continuous innovation in vulnerability management, cloud security, and providing actionable insights that help organizations prioritize and remediate cyber risks effectively.

• Aspires to lead the cyber exposure management market through continuous innovation.
• Focuses on vulnerability management and cloud security solutions.
• Aims to provide actionable insights for effective prioritization and remediation of cyber risks.

Company slogan/tagline

Tenable's current tagline is 'See, Predict, and Act.' This tagline encapsulates the company's approach to cyber exposure management, emphasizing the importance of visibility, predictive analytics, and proactive action in reducing cybersecurity risk.

• See: Highlights the importance of comprehensive visibility into an organization's attack surface.
• Predict: Emphasizes the use of data and analytics to anticipate potential cyber threats.
• Act: Focuses on enabling organizations to take decisive action to mitigate risks and improve their security posture.

For more in-depth information about Tenable, check out: Exploring Tenable Holdings, Inc. (TENB) Investor Profile: Who’s Buying and Why?

Tenable Holdings, Inc. (TENB) How It Works

Tenable Holdings, Inc. specializes in providing cyber exposure management solutions, offering a platform that helps organizations understand and reduce their cybersecurity risk across various attack surfaces.

Tenable's Product/Service Portfolio

Tenable's Operational Framework

Tenable's operational framework is built around providing comprehensive cyber exposure management. Key aspects include:

• Continuous Vulnerability Assessment: Tenable's products continuously scan and assess IT assets to identify vulnerabilities and misconfigurations.
• Risk-Based Prioritization: The platform prioritizes vulnerabilities based on the potential impact and likelihood of exploitation, helping organizations focus on the most critical risks.
• Integration and Automation: Tenable integrates with other security tools and platforms to automate vulnerability management workflows.
• Cloud-Based Delivery: Tenable.io offers a cloud-based solution, providing scalability and ease of deployment.
• On-Premises Solutions: Tenable.sc provides on-premises deployment options for organizations with specific security and compliance requirements.

Tenable's Strategic Advantages

Tenable's strategic advantages include:

• Comprehensive Vulnerability Coverage: Tenable's products cover a wide range of IT assets, including cloud, on-premises, and operational technology (OT) environments.
• Extensive Vulnerability Research: Tenable's research team continuously discovers and analyzes new vulnerabilities, providing customers with up-to-date threat intelligence.
• Scalability and Flexibility: Tenable offers both cloud-based and on-premises solutions to meet the needs of organizations of all sizes.
• Strong Market Position: Tenable is a well-established player in the cyber exposure management market with a large customer base.
• Focus on Risk-Based Vulnerability Management: Tenable's solutions help organizations prioritize and remediate vulnerabilities based on risk, improving their overall security posture.

To gain more insights into Tenable's financial performance and stability, you might find this resource helpful: Breaking Down Tenable Holdings, Inc. (TENB) Financial Health: Key Insights for Investors

Tenable Holdings, Inc. (TENB) How It Makes Money

Tenable primarily generates revenue by providing cybersecurity solutions that help organizations understand and reduce their cyber risk. These solutions include vulnerability management, cloud security, and operational technology security, offered through subscriptions and professional services.

Tenable's Revenue Breakdown

Tenable's revenue is primarily derived from subscriptions to its various cybersecurity platforms and, to a lesser extent, from professional services. While precise figures for the fiscal year 2024 aren't available, we can analyze based on the trends and available information from the previous years.

Tenable's Business Economics

Tenable's business economics are driven by a recurring revenue model, primarily through subscriptions. Key aspects include:

• Subscription Model: Tenable relies heavily on subscription-based revenue, providing a predictable and recurring income stream. This model enhances customer retention and lifetime value.
• Pricing Strategy: Tenable employs tiered pricing models based on the size of the organization, the number of assets being assessed, and the level of features required. This allows them to cater to a broad range of customers, from small businesses to large enterprises.
• Customer Acquisition Cost (CAC): Investment in sales and marketing is crucial for acquiring new customers. The efficiency of these investments directly impacts profitability.
• Lifetime Value (LTV): High customer retention rates boost the LTV, making the subscription model highly profitable.
• Gross Margins: Software-based services typically have high gross margins. Tenable's margins reflect the scalability and efficiency of its platform.

Tenable's Financial Performance

To understand Tenable's financial performance, consider the following key points:

• Revenue Growth: Tenable has demonstrated consistent revenue growth, driven by increasing demand for cybersecurity solutions. For example, in the fiscal year 2023, Tenable's total revenue was $766.6 million, a 19% increase compared to 2022.
• Profitability: While revenue growth is important, profitability metrics such as net income and operating margin provide insights into the company's efficiency.
• Cash Flow: Monitoring cash flow from operations indicates the company's ability to fund its growth and manage its financial obligations.
• Key Metrics:
  • Annual Recurring Revenue (ARR): As of December 31, 2023, ARR was $786.9 million, up 18% year-over-year.
  • Total Revenue: For the year 2023, total revenue reached $766.6 million, an increase of 19% compared to the previous year.

For more detailed insights into Tenable's financial health, you might find this resource helpful: Breaking Down Tenable Holdings, Inc. (TENB) Financial Health: Key Insights for Investors

Tenable Holdings, Inc. (TENB) Market Position & Future Outlook

Tenable is a key player in the cyber exposure management space, demonstrating consistent growth and innovation. Looking ahead, the company is focused on expanding its cloud-based offerings and strengthening its position in the vulnerability management market.

Competitive Landscape

The cybersecurity market is competitive, with various companies vying for market share. Here's a look at how Tenable stacks up against its competitors:

Opportunities & Challenges

Tenable faces both opportunities and challenges as it navigates the cybersecurity landscape:

Industry Position

Tenable has solidified its standing in the cybersecurity industry through strategic initiatives and a commitment to innovation.

• Strong focus on vulnerability management: Tenable's core strength lies in its comprehensive vulnerability management platform, which helps organizations identify, assess, and remediate security risks across their IT infrastructure.
• Cloud-based solutions: Tenable is expanding its cloud-based offerings to meet the growing demand for flexible and scalable security solutions. This allows organizations to manage their cyber exposure from anywhere, at any time.
• Strategic partnerships: Tenable has established partnerships with leading technology vendors and service providers to expand its reach and offer integrated solutions to customers.
• Continuous innovation: Tenable invests heavily in research and development to stay ahead of emerging threats and deliver innovative security solutions to its customers.

To gain more insights into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of Tenable Holdings, Inc. (TENB).