SentinelOne scoops up Attivo Networks for $617M – TechCrunch

Safety firms sometimes begin by specializing in one specific drawback, however the greatest ones like Palo Alto Networks, FireEye and Symantec have shifted to a horizontal strategy sometimes gaining performance over time via acquisition. SentinelOne, which went public last June seems to be taking an identical tack, and yesterday the corporate introduced it’s buying Attivo Networks for $616.5 million .

With Attivo, the corporate good points entry to its id administration, an strategy that has grow to be ever extra vital as firms shift to the cloud. The pandemic has in fact accelerated this strategy, and SentinelOne wanted to cowl this performance. SentinelOne COO Nicholas Warner sees the acquisition as a pure addition to his firm’s platform, particularly in mild of the necessity to provide extra safety exterior the confines of an workplace surroundings.

“The shift to hybrid work and elevated cloud adoption has established id as the brand new perimeter, highlighting the significance of visibility into consumer exercise. Id Menace Detection and Response (ITDR) is the lacking hyperlink in holistic XDR (Prolonged Detection and Response) and 0 belief methods,” Warner mentioned in an announcement.

Whereas that may be a mouthful of safety tech jargon, there is a component of reality to all of it. Corporations do want to have the ability to monitor customers on their methods extra fastidiously, on the lookout for extraordinary exercise, and the acquisition does actually add this lacking ingredient to the SentinelOne platform.

Attivo Networks CEO Tushar Kothari sees the businesses as match, and a method to proceed to construct on the startup’s preliminary imaginative and prescient inside a bigger public firm. “For Attivo, this acquisition will not be an exit. An exit, by its very nature, implies a change in path or act of deceleration. Becoming a member of forces with SentinelOne is simply the other: a possibility to proceed on Attivo’s present path with out slowing down,” Kothari wrote in a company blog post asserting the deal.

SentinelOne went public last June elevating $1.2 billion. Final yr, it purchased Scalyr, a excessive velocity logging firm for $155 million. Attivo launched in 2011and raised over $60 million alongside the best way. Its final elevate was a modest $11 million in 2019, in accordance with Crunchbase knowledge.

SentinelOne inventory is up over 14% in early buying and selling at the moment.