Cybersecurity Company Tenable Soars in Public Debut

July 26, 2018

By Bridgette Webb

With midterm elections fast approaching, many in Washington have cybersecurity on the brain.

Amit Yoran, CEO of cybersecurity firm Tenable, admits it's a dangerous moment.

"There are no shortage of threat actors out there, whether it's a nation-state or cybercriminal," Yoran said in an interview with Cheddar on Thursday.

But, Yoran added, the solution is clear.

"It doesn't matter who these actors are, the key to cybersecurity is making sure your systems are up to date. Cybersecurity is the greatest challenge of our time."

It's a sentiment that both those in the capital and on Wall Street seem to share. Tenable took to the public markets on July 26 and ended the day up 30 percent.

Tenable allows companies to quantify in dollars the damage that could be caused by various types of security breaches. In recent months, the company has amassed more than 24,000 customers in 160 countriesーincluding government agencies and 53 percent of Fortune 500 companies .

The company raised $240 million in its IPO, which Yoran said he plans on putting to good work.

"The company is going to continue investing in distribution and in our sales team to make sure we are bringing our technologies to the market."

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