SentinelOne to Acquire Attivo Networks
SentinelOne has announced it has entered into a definitive agreement to acquire Attivo Networks.
Under the terms of the agreement, SentinelOne will acquire Attivo Networks 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.
“The shift to hybrid work and increased cloud adoption has established identity as the new perimeter, highlighting the importance of visibility into user activity. Identity Threat Detection and Response (ITDR) is the missing link in holistic XDR and zero trust strategies,” said Nicholas Warner, COO, SentinelOne. “Our Attivo acquisition is a natural platform progression for protecting organizations from threats at every stage of the attack lifecycle.” According to Gartner, “misused credentials are now the top technique used in breaches.”
Attackers are targeting identity and access management gaps to gain a foothold within trusted environments and advance laterally in pursuit of high-value targets. “In our breach response engagements, Active Directory and identity-based attacks are too common,” said Ed Goings, National Leader, Cyber Response Services, KPMG. “Attackers are aware that AD is the crown jewel of the enterprise – controlling end user entitlement, access, and privileges. Unauthorised AD access grants bad actors the ability to install backdoors, exfiltrate data, and change security policies. I’m excited about Singularity XDR now encompassing identity threat detection and response.”
“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 organisational 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.”
“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.”
Read the original article on Cyber Risk Leaders.
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