Tenable, the Nasdaq-listed exposure management company, announced it has signed a definitive agreement to acquire Ermetic, an Israeli cloud security startup, for USD 240 million in cash and a further USD 25 million in restricted stock and restricted stock units. The deal is expected to close in Q4 2023, subject to the usual closing conditions.

The company plans to integrate Ermetic’s cloud-native application protection platform (CNAPP) and cloud infrastructure and entitlement management (CIEM) solutions into its “Tenable One” exposure management platform, expanding its offering for hybrid environments. The acquisition is not expected to affect Tenable’s Q4 results.

Ermetic offers unified CNAPP and CIEM solutions with a focus on identity-first cloud protection. It detects issues and vulnerabilities and provides contextual analysis in simple language to enable security professionals of all experience levels to identify and remediate risks. The company has raised a total of USD 100 million in funding.

Analyst QuickTake: The acquisition is yet another incidence of larger cybersecurity companies acquiring Israeli startups this year. Just this week , Check Point acquired SaaS platform management startup Atmosec , a month after acquiring SSE specialist Perimeter 81 in August. Earlier in the year, Rubrik announced it was acquiring Laminar , and Honeywell disclosed it was in talks to acquire SCADAfence . Ermetic is Tenable’s sixth acquisition since its IPO in 2018.