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SentinelOne Strikes $617M Cash-and-Stock Deal for Attivo Networks

SentinelOne (NYSE: S) has agreed to buy Attivo Networks in a cash-and-stock transaction worth approximately $616.5 million to expand its extended detection and response offerings with the addition of identity threat detection and response capabilities.

SentinelOne said Tuesday it expects the transaction to be completed in its upcoming fiscal second quarter, subject to regulatory clearance and other customary closing conditions.

“The acquisition of Attivo Networks continues our commitment to defining and delivering autonomous XDR,” said SentinelOne CEO Tomer Weingarten. “Identity fuses together all enterprise assets, and I see identity threat detection and response as an integral part of our XDR vision.”

Weingarten added the transaction advances SentinelOne’s portfolio and growth initiatives and accelerates adoption of enterprise zero trust strategies.

SentinelOne expects the acquisition to beef up its Singularity XDR platform with the addition of Attivo’s identity assessment tool, identity threat detection and response platforms and network and cloud-based deception technologies.

“The shift to hybrid work and increased cloud adoption has established identity as the new perimeter, highlighting the importance of visibility into user activity,” said Nicholas Warner, chief operating officer of SentinelOne.

Warner added that ITDR serves as the “missing link” in zero trust and XDR strategies and the deal marks “a natural platform progression for protecting organizations from threats at every stage of the attack lifecycle.”

Read the original article by Jane Edwards on GovCon Wire.

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