Cybersecurity Firm Tenable Is Exploring a Potential Sale

(Bloomberg) — Tenable Holdings Inc. is exploring options including a potential sale after receiving takeover interest, according to people familiar with the matter, as dealmaking in the cybersecurity sector heats up.

The Columbia, Maryland-based security software company is working with advisers, the people said, asking not to be identified discussing confidential information.

Shares in Tenable rose as much as 14% on Tuesday, their biggest intraday gain since October 2022. The stock was up 8.4% at 2:10 p.m. in New York, giving the company a market value of about $5.6 billion.