SentinelOne To Acquire US-Based Attivo Networks For Nearly $617M

By Simona Shemer March 15, 2022 2 minutes

SentinelOne celebrates its initial public offering (IPO) by ringing the closing bell on the New York Stock Exchange. Credit: NYSE.

Israeli-founded cybersecurity firm SentinelOne announced on Tuesday it has signed an agreement to acquire US-based Attivo Networks, a cybersecurity company that specializes in identity security and lateral movement protection company, in a cash and stock transaction valued at $616.5 million.

The acquisition is expected to close in SentinelOne’s upcoming fiscal second quarter, subject to regulatory approval and customary closing conditions.

SentinelOne’s solution utilizes AI to prevent, detect, hunt, and respond to threats across endpoints, containers, cloud workloads, and IoT devices through its autonomous platform.

With this acquisition, SentinelOne “extends its AI-powered prevention detection, and response capabilities to identity-based threats, setting the standard for XDR (extended detection and response) and accelerating enterprise zero trust adoption,” according to a statement.

Founded in 2013 by current-CEO Tomer Weingarten and Almog Cohen, SentinelOne is currently based in California. The NYSE-traded company had a market cap of over $8.7 billion entering into Tuesday.

“We are thrilled to join SentinelOne, the category leader in XDR. Attivo’s solutions are a perfect complement, as an XDR with identity protection significantly improves organizational security posture,” said Tushar Kothari, CEO, Attivo Networks. “As the threat landscape evolves, identity remains the central nervous system of the enterprise. Combined with the power of SentinelOne’s autonomous XDR, we’ll bring real-time identity threat detection and response to the front lines of cyberdefense.”

Attivo Networks serves global customers from leading Fortune 500 companies and government entities, protecting against identity compromise, privilege escalation, and lateral movement attack.

“The acquisition of Attivo Networks continues our commitment to defining and delivering autonomous XDR,” said Tomer Weingarten, CEO, SentinelOne. “Identity fuses together all enterprise assets, and I see identity threat detection and response as an integral part of our XDR vision. Attivo Networks is the right technology and team to advance our portfolio, complementing our hypergrowth and accelerating enterprise zero trust adoption.