COLUMBIA, Md., Dec. 02, 2019 (GLOBE NEWSWIRE) — Tenable®, Inc., the Cyber Exposure company, today announced that it has acquired Indegy Ltd., a leader in industrial cybersecurity which provides visibility, security and control across operational technology (OT) environments.
“For every company in every industry, OT is now part of the modern attack surface. CISOs are being asked to secure OT systems alongside IT, but lack the necessary visibility and technology to manage and measure OT cyber risk in the same way as IT risk,” said Amit Yoran, chairman and CEO, Tenable. “The combination of Tenable and Indegy brings together two pioneers of IT vulnerability management and industrial cybersecurity to deliver the industry’s first unified, risk-based view of IT and OT security. This is a game changer that will help transform how security and the C-suite make strategic decisions around OT risk. This acquisition is a critical milestone in delivering on our Cyber Exposure strategy to help organizations understand and reduce cyber risk across the entire modern attack surface. Indegy extends our depth of OT expertise and intelligence, and our breadth of OT-specific capabilities from vulnerability management to asset inventory, configuration management and threat detection. We look forward to working with the Indegy team to help the industry usher in the next wave of IT/OT convergence.”
“When we started Indegy we set out on a mission to protect industrial networks through a mix of cybersecurity expertise and hands-on OT experience, developing products which solve the hardest industrial cybersecurity challenges,” said Barak Perelman, co-founder and CEO, Indegy. “We are excited to accelerate this mission by joining Tenable, a visionary IT cybersecurity leader with a trusted brand and proven track record of product innovation. We look forward to working with the Tenable team and bringing OT cyber capabilities to its broad customer base.”
OT Cybersecurity Risk is a Critical Business Risk In the digital era, OT cybersecurity risk is a critical business risk. Not only is the frequency of OT attacks increasing but the impact of an OT security event can have a material effect on business operations spanning beyond information leakage to equipment damage, safety concerns for employees, or a major environmental incident. A recent survey by the Ponemon Institute and Siemens found that the majority of respondents viewed cyber threats to be a greater risk to OT environments than to IT. Modern OT environments increasingly interconnect with IT as companies consolidate their operational data to optimize costs and accelerate innovation. The result is a complex, sensitive and vastly expanded attack surface for Chief Information Security Officers (CISO) to manage, often without visibility into OT environments.
Tenable and Indegy deliver the following capabilities within a single platform:
Risk-based measurement: Score, trend and benchmark IT and OT together in Tenable Lumin™, the company’s advanced visualization, analytics and measurement solution for cyber exposure. Organizations can apply a dedicated approach to IT and OT through asset-relevant policies, metrics and KPIs, while leveraging the power of Tenable Lumin to measure IT and OT risk together for more comprehensive decision-making.
Unified view of IT and OT vulnerabilities: View and manage OT security issues alongside IT vulnerabilities, from assessment through closed-loop remediation verification. OT vulnerabilities now leverage the power of Tenable Predictive Prioritization, which applies data science to prioritize OT issues for remediation based on the vulnerability and its likelihood of exploitability.
Depth of intelligence into OT environments: Indegy brings a deep understanding of the complete OT device, including components from multiple vendors and how they relate to each other, for more accurate and comprehensive management.
IT and OT vulnerability assessment: Through its deep OT device intelligence, Indegy pioneered and patented a safe and non-intrusive way to bring active analysis to OT devices alongside passive monitoring. Indegy’s assessment approach, alongside Tenable’s combination of agent-based scanning, active analysis and passive monitoring, create the industry’s most accurate and comprehensive vulnerability data set.
OT-specific process management: Security and plant operations teams both benefit from Indegy’s powerful OT asset inventory, configuration management and threat detection capabilities, in addition to its vulnerability management.
The Indegy Industrial Cybersecurity Suite integration with Tenable.sc™, for on-prem vulnerability management, is available today. The Indegy integration with Tenable.io®, for cloud-based vulnerability management, and Tenable Lumin will be available in the first half of 2020.
Financial Impact We completed the transaction today for $78 million in cash, subject to customary purchase price adjustments.
Indegy’s financial results are expected to be immaterial to our fourth quarter 2019 revenue and current calculated billings performance. Our fourth quarter 2019 non-GAAP net loss and non-GAAP net loss per share are expected to increase approximately $2 million and $0.02 per share, respectively.
In connection with this transaction, we expect to incur certain deal-related costs in the range of $15 million to $17 million, 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 our GAAP net loss per share in the range of $0.15 to $0.17 in the fourth quarter of 2019.
Management Conference Call
We will host a conference call on December 2, 2019 at 4:30 p.m. ET to discuss this transaction. A live webcast of the event will be on the Investor Relations portion of our website. A live dial-in will be available domestically at 1-877-407-9716 and internationally at 1-201-493-6779. A replay will be available on the Tenable Investor Relations website at https://investors.tenable.com until 11:59 p.m. ET on December 16, 2019.
About Tenable Tenable®, Inc. is the Cyber Exposure company. Over 27,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. As the creator of Nessus®, Tenable extended its expertise in vulnerabilities to deliver the world’s first platform to see and secure any digital asset on any computing platform. Tenable customers include more than 50 percent of the Fortune 500, more than 25 percent of the Global 2000, and large government agencies. Learn more at tenable.com.
This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our acquisition of Indegy, statements about the potential benefits of the acquisition, our possible or assumed business strategies, potential growth opportunities and new products, potential market opportunities and Tenable’s anticipated future financial and business performance for the fourth quarter ended December 31, 2019, are forward-looking statements and represent our views as of the date of this press release. The words “anticipate,” believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results, including risks related to our ability to successfully integrate Indegy’s operations, our ability to implement our plans, forecasts and other expectations with respect to Indegy’s business, our ability to realize the anticipated benefits of the acquisition of Indegy (including the possibility that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period), disruption from the acquisition making it more difficult to maintain business and operational relationships, the negative effects of the consummation of the acquisition on the market price of our common stock or on our operating results, unknown liabilities, attracting new customers and maintaining and expanding our existing customer base, our ability to scale and update our platform to respond to customers’ needs and rapid technological change, increased competition on our market and our ability to compete effectively and expansion of our operations and increased adoption of our platform internationally. Additional risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2018, our Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 and other filings that we make from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
Non-GAAP Financial Measures
This press release contains references to non-GAAP net loss and non-GAAP net loss per share, which are measures that we present to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with generally accepted accounting principles in the United States (GAAP). For a description of these non-GAAP measures, their limitations and a reconciliation to the most comparable GAAP financial measures, see the Company’s press release issued on October 29, 2019 reporting financial results for the quarter ended September 30, 2019.
Investor Contact Andrea DiMarco Tenable firstname.lastname@example.org
Media Contact Cayla Baker Tenable email@example.com
HiTech Group Australia Limited (ASX:HIT)’s stock price traded up 0.8% during trading on Thursday . The stock traded as high as A$1.19 ($0.84) and last traded at A$1.19 ($0.84), 4,900 shares changed hands during mid-day trading. The stock had previously closed at A$1.18 ($0.84).
The stock has a market cap of $45.28 million and a price-to-earnings ratio of 15.66. The business’s 50 day moving average is A$1.12 and its 200 day moving average is A$1.07.
About HiTech Group Australia (ASX:HIT)
HiTech Group Australia Limited provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia. Its permanent recruitment services comprise the search and selection of candidates for full time employment; and ICT contracting services include the provision of ICT professionals for temporary and other non-permanent staffing needs of clients for specific projects in system development, infrastructure support and cloud integration, operation, and other skill sets.
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Scientists at NASA’s Jet Propulsion Laboratory are teaming up with European researchers to launch a mission that will probe the oceans’ depths over the next decade — and chart their inexorable rise.
The Sentinel-6/Jason-CS mission builds on four previous satellites that have circled the globe along the same path since 1992, carefully documenting the millimeter-by-millimeter changes in sea level fueled by greenhouse gas emissions. Over that time, they have found that the world’s oceans are rising at an increasingly rapid rate.
The rising waters have had some disastrous consequences, including the erosion of precious coastlines, contamination of agricultural land, more frequent and destructive high tides, and lost habitat for both humans and wildlife.
The Jason satellites, coupled with complementary readings from other NASA Earth-facing missions, have been essential to tracking these changes and dealing with their consequences, said R. Steven Nerem, a professor of aerospace engineering sciences at the University of Colorado Boulder and member of NASA’s Ocean Surface Topography Science Team.
“Without the satellites we’d be blind,” said Nerem, who has tracked sea level rise and its causes for decades. “It’s just very critical that we continue these missions because it’s the way we understand what’s going on.”
Earth’s oceans have swelled and shrunk for eons, but they’ve typically done so very gradually, rather than at the breakneck pace being recorded today.
Recent readings put the rate at roughly 4.5 millimeters per year, up from about 3 millimeters per year in 2005 and around 2 millimeters per year in 1993. Add it all up and the seas are now about 3 inches higher, on average, than they were a quarter-century ago.
The question the new Sentinel-6/Jason-CS mission will seek to answer is this: How much faster will the seas rise in the coming decade? And what will happen to Earth beyond then?
“Hundreds of millions of people around the Earth will be affected by sea level rise in the next 50 to 100 years, and our ability to measure how much of that is human-caused is really rooted in these satellites,” said JPL climate scientist Josh Willis, NASA’s project scientist for Jason-CS.
Since the dawn of the industrial age, humans have been emitting excess amounts of carbon dioxide and other heat-trapping gases, causing Earth’s temperature to rise. Melting glaciers have added water to the oceans. The additional heat also causes water to expand, pushing sea levels up even higher.
Altogether, the oceans have absorbed more than 90% of the extra heat trapped by greenhouse gases, Willis said.
And since they cover more than two-thirds of Earth’s surface, the oceans are reshaping the planet.
“The oceans, in a really big way, are kind of our most important indicator of just how much humans have changed the climate since the start of the industrial revolution,” Willis said.
From an orbit 830 miles above Earth, Sentinel-6/Jason-CS will scan 95% of the planet’s ice-free oceans, gathering a new set of global data every 10 days. Its altimeter will bounce a radar signal off the water’s surface, measuring the time it takes for the signal to return and using that information to calculate the ocean’s height.
Other instruments will hone those readings by compensating for the atmosphere’s effect on the timing of these radar signals, and by helping keep track of the spacecraft’s precise position.
Beyond average sea level, the radar readings will provide a wealth of additional information for researchers, who can use them to determine heat changes in the upper ocean, the flow of ocean currents, wave heights and the speed of wind over the water.
The data may even shed light on much of the still-mysterious topography of the sea floor, said Eric Leuliette, the Jason program and project scientist for the National Oceanic and Atmospheric Administration.
“As my colleagues here often point out, we’ve mapped Venus, the moon and Mars better than we’ve mapped the bottom of the ocean,” he said.
Jason data hits the ground running, Leuliette said. Within hours, it’s sent out to National Weather Service forecasters, whose predictions are used by ships for navigation and other maritime purposes. Within a day, it goes into models that help meteorologists make better predictions about large weather events. For example, the information Jason gathers on how much heat is stored beneath the ocean surface can help in forecasting the intensity of a hurricane, or the strength of an El Niño event.
Sentinel-6/Jason-CS is part of an international collaboration involving NASA, NOAA, the European Space Agency, the European Organization for the Exploitation of Meteorological Satellites (EUMETSAT) and France’s National Center for Space Studies (CNES).
The spacecraft will fly in the same orbit as its predecessors, to ensure an unbroken line of sea level readings. That consistency is key for predicting future sea level rise — and preparing for its consequences, Willis said.
Unlike prior missions, which involved only a single spacecraft, this one will employ two satellites, each with a primary mission of five years, said Parag Vaze, Jason’s project manager at JPL. The first is scheduled to launch from Vandenberg Air Force Base in California in November, and the second will follow in 2025, making it the most long-lived of the Jason missions to date.
Sentinel-6/Jason-CS will also meet a different end than its forebears, Vaze said.
In an effort to reduce the accumulation of space junk, the two satellites will be the first in the Jason line to execute a planned de-orbit once they complete their final tasks. Even as the older satellites continue to circle the globe, their younger brethren will burn up in the atmosphere as they plunge back toward Earth.
At a time when technology has become an integral part of human life, students should make conscious efforts to make use of it for postive and constructive works, Shivamurthy Murugha Sharanaru of Brihan Mutt, Chitradurga, has said.
He was interacting with students of G.H. College at Hosa Mutt in Haveri on Saturday, in a personality development programme, organised as part of the ‘Sharana Samskruti Utsava’, to commemorate Nighantina Siddhabasava Murugharajendra Swami, and Murughendra Mahashivayogi.
The seer said that it was natural that young minds get easily attracted towards technology. “However what is important is how one uses it. You should make use of technology for constructive works, for developing your personality, rather than for negative works. Constructive use will always lead to a better life,” he told the students.
Emphasising on the need for imbibing values in one’s life, the seer said that good thoughts will help in building one’s life, while bad thoughts would destroy it.
Pointing out that several students suffered from a lack of concentration, the seer said that educational institutions should help such students through confidence-building measures, and encouragement.
Several students sought to know the methods to avoid the fear of examinations.
They also sought to know ways to develop concerntration and raised queries about their dilemma and how to build their lives.
The seer answered their queries and gave them tips on building a better life.
Basava Shanthalinga Swami of Hosa Mutt said that the utsav was not just limited to religious activities and fairs but also focussed on efforts towards dissemination of knowledge and making people think.
Principal of the College M.S. Yaragoppa, president of the utsav samiti Basavaraj Veerapur, vice-president Shridhar Doddamani, and others were present.
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