Tenable Acquires Cybersecurity company Indegy

Nasdaq-listed Tenable Holdings Inc. has acquired Tel Aviv-based cybersecurity company Indegy Ltd. for $78 million in cash, the company announced Monday. The company said it also expects to incur deal-related costs of between $15 million and $17 million, mostly related to the transfer of acquired intellectual property and other transaction costs.

Tenable will set up a development center in Israel following the deal, according to one person familiar with the matter who spoke to Calcalist on condition of anonymity.

Founded in 2014 by Barak Perelman, Ido Trivizki, and Mille Gandelsman, Indegy provides cybersecurity technology for industrial control systems for manufacturing, pharmaceuticals, energy, and water companies. The company raised $36 million to date fro investors including Liberty Technology Venture Capital, Shlomo Kramer, Centrica PLC, Magma Venture Partners, Vertex Ventures, and Aspect Ventures.