Accurics

History

2021: Acquisition by Tenable

On September 13, 2021, it became known that a company Tenable specializing in risk management in cyber infrastructure acquired Accuracy, a provider of monitoring tools infrastructures for current threats. The size of the transaction amounted to 160 million. dollars

Tenable acquires Accuracy from Symantec < br/> Photo Source: behance.net

Launched in 2020, Accuracy is developing a platform that allows client companies to minimize risks during the development of their products and correct code errors with maximum speed during the writing process. The Accuracy platform allows you to scan your software infrastructure for configuration errors and monitor cloud infrastructure failures, allowing organizations to quickly generate code to address policy violations and security risks.

The co-founders of the company were immigrants from Symantec - CEO Piyush Sharma, - and General Electric - Om Mulchandani. In addition to General Electric, Mulchandani also held leadership roles at AutoGrid.

During its independence, Accuracy raised about $20 million in investments from companies such as Intel Capital and ClearSky.

One of the biggest obstacles to companies is that security professionals often fail to understand and effectively manage risk and protect cloud environments at the same speed as the process of integrating software lifecycle phases. From the beginning, Accuracy focused exclusively on security within the framework of the concept of "infrastructure as code" for enterprises. By joining forces with Tenable, we get enhanced capabilities to help organizations accelerate innovation by aligning developers, operations teams, and security professionals with security and fault tolerance goals. noted Piyyush Sharma.

In turn, the head of Tenable, Amit Yoran, noted that the full implementation of security processes in the process of integrating stages of the software lifecycle and the application of processes that meet the paradigm of "infrastructure as code" allows you to evaluate and stop problems with code in the bud before it is deployed, which will ensure the security of cloud environments with all the necessary speed and on a full scale.

By acquiring Accuracy, Tenable assumes that the combined solutions of both companies will provide a holistic approach to risk assessment and management during development, help fix problems in cloud environments before they become a risk factor for the business of client companies.

The Accuracy solution will be integrated with Tenable tools to protect cloud containers and scan web development.

As noted in the material of VentureBeat, the concept of "Infrastructure as a code - IaC describes the process of managing data centers through machine-readable definition files, and not through hardware settings. The popularity of this approach is growing due to the problems caused by the business model of "computing as a utility service," which implies the provision of computer resources on demand and with payment, respectively, upon their use.

The idea of ​ ​ modeling the infrastructure through code and the ability to develop, implement and deploy application infrastructure has proven attractive to both developers and administrators; thus, you can work with the infrastructure in the same way as with any other software project, which means that developers have the opportunity to quickly deploy any applications in the infrastructure.

The concept was supported by millions of investments, but quite quickly enterprises using IaC began to face security problems themselves. In a recent survey by Synk^[1]only 26% of respondents - users IaC said with confidence that they would be able to detect errors in their configurations.

Any concept must pass the time test; the rapid pumping of unverified tools and techniques with money often serves them badly. With regard to IaC, a period of correction is clearly coming: flaws have become obvious that threaten the cybersecurity of the infrastructures thus implemented, and mergers and acquisitions have begun, including those aimed at solving this problem, in accordance with market requests. Evidence of this is the acquisition of Accuracy by Tenable - a company that only in the last five years began to buy other firms for the sake of their technology, believes Dmitry Gvozdev, CEO of Information Technologies of the Future.

For Tenable, which appeared back in 2002, the purchase of Accuracy was only the fourth time that other companies were absorbed in almost twenty years, but the second in 2021. In April, she bought Alsid. Earlier - in 2016, Tenable absorbed the company Flawcheck, in 2019 - acquired the company Indigy^[2].

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