PRESS RELEASE. MOUNTAIN VIEW, CA - January 3, 2024 - SentinelOne, a global leader in AI-powered security, today announced that it has agreed to acquire PingSafe.
The acquisition of PingSafe's cloud native application protection platform, when combined with SentinelOne's cloud workload security and cloud data security capabilities, is expected to provide companies with a fully integrated platform that drives better coverage, hygiene and automation across their entire cloud footprint.
The planned integration of PingSafe's CNAPP into SentinelOne's Singularity™ Platform signifies a paradigm shift in cloud security.
Rather than relying on point solutions or a standalone cloud security platform, companies can now access a unified, best-of-breed security platform complete with advanced, real-time, AI-powered security operations to protect the entire enterprise across endpoints, identities, and clouds.
SentinelOne has been steadily extending its cloud security capabilities beyond cloud workload security, and the acquisition of PingSafe will accelerate this strategy.
The move also aligns with the Singularity Unity Release strategy SentinelOne announced in November to transform security operations centers.
PingSafe is a robust CNAPP solution that delivers dynamic, real-time monitoring of multi-cloud workloads, simple setup and configuration and low false positive rates.
With the acquisition of PingSafe, SentinelOne will offer differentiated capabilities such as advanced secrets scanning of runtime and build-time environments and an attack surface management rules engine that runs breach and attack simulation scenarios against Internet-exposed cloud assets to identify how an adversary could compromise those assets.
These capabilities will be in addition to core CNAPP capabilities like cloud security posture management, Kubernetes security posture management, agentless vulnerability scanning, and shift-left Infrastructure as code scanning.
SentinelOne will acquire PingSafe for a combination of cash and stock.
The acquisition is expected to close in SentinelOne's first quarter of fiscal year 2025, subject to any applicable regulatory approvals and customary closing conditions.
This release relates to a pending acquisition of PingSafe by SentinelOne, Inc. This release contains forward-looking statements that involve risks and uncertainties, including statements regarding the anticipated benefits of the acquisition and the timing and closing of the acquisition.
The forward-looking statements contained in this release are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements.
Both we and PingSafe operate in very competitive and rapidly changing environments, and new risks may emerge from time to time.
It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the acquisition, or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make.
Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or our management's good faith belief as of that time with respect to future events.
Except as required by law, we undertake no obligation, and do not intend, to update these forward-looking statements.
SentinelOne is a global leader in AI-powered security.
SentinelOne's Singularity™ Platform detects, prevents, and responds to cyber attacks at machine speed, empowering organizations to secure endpoints, cloud workloads, containers, identities, and mobile and network-connected devices with speed, accuracy and simplicity.
Over 11,500 customers, including Fortune 10, Fortune 500, and Global 2000 companies, as well as prominent governments, trust SentinelOne to secure the future today.
This Cyber News was published on www.darkreading.com. Publication date: Wed, 03 Jan 2024 22:05:23 +0000