Tenable Holdings completes acquisition of Indegy
Tenable announced that it has acquired Indegy Ltd., an industrial cybersecurity company which provides visibility, security and control across operational technology environments. The company completed the transaction for $78M in cash, subject to customary purchase price adjustments. Indegy's financial results are expected to be immaterial to Q4 revenue and current calculated billings performance. Tenable's Q4 non-GAAP net loss and non-GAAP net loss per share are expected to increase approximately $2M and 2c per share, respectively. In connection with this transaction, Tenable expects to incur certain deal-related costs in the range of $15M-$17M, primarily related to the transfer of acquired intellectual property and other transaction costs. These costs are primarily one-time in nature and anticipated to increase its GAAP net loss per share in the range of 15c-17c in Q4.