The acquisition will integrate market-leading ITDR technology into Singularity
SentinelOne, a provider of an automated cybersecurity platform, announced that it has entered into a definitive agreement to acquire Active Networks, leading company in identity security and lateral movement control. With this acquisition, SentinelOne extends AI-powered prevention, detection and response capabilities to identity-based threats, redefining the standard for XDR and accelerating the adoption of Zero Trust in enterprises.
Under the terms of the agreement, SentinelOne will acquire Attivo Networks in an expected cash and stock transaction valued at $616.5 million. The acquisition is expected to close in SentinelOne's second fiscal quarter (July 2022) and will be subject to regulatory approval and customary closing conditions.
"The shift to hybrid working and increased cloud adoption have defined identities as the new perimeter, underscoring the importance of continuous visibility into user activity. Identity Threat Detection and Response (ITDR) is the missing link in our global XDR and Zero Trust strategy," he said Nicholas Warner, COO at SentinelOne. “The acquisition of Attivo is the natural progression of our platform to protect organizations from threats at every stage of the cyber attack lifecycle.”
According to Gartner [1] “Compromised credentials have become the primary technique used in cyber breaches.”
Attackers are seeking to exploit gaps in identity management and data access to target weak points within protected environments and then move on to seek out higher-value targets. “In our breach response, Active Directory (AD) and identity-based attacks are still common,” he says Ed Goings, National Leader Cyber Response Services di KPMG. "Attackers understand that AD is the core of the enterprise system – controlling end-user rights, access and privileges. Unauthorized access to the AD service grants hackers the ability to install backdoors, exfiltrate data and modify security policies. I am pleased that Singularity XDR will include identity threat detection and response."
Attivo Networks supports customers around the world, from major Fortune 500 companies to government agencies, ensuring protection against identity compromise, privilege escalation and lateral movement attacks. Together, SentinelOne and Attivo Networks will provide comprehensive identity security as a component of Singularity XDR for self-contained protection that includes:
- Detection and response for identity threats: Attivo's identity suite offers prevention, detection and comprehensive response. Protects in real-time against credential theft, privilege escalation, suspicious lateral movement, data manipulation, identity exposure and more by supporting conditional data access and Zero Trust.
- Identity Infrastructure Assesment: Attivo's identity assessment tool provides instant visibility into Active Directory for misconfigurations, suspicious password and account changes, credential exposures, unauthorized access, and more, enabling identity-focused attack surface reduction.
- Identity Cyber Deception: Attivo's network and cloud-based Deception suite detects signals that reveal attackers. By deflecting attacks with tactics that include artifacts, files, accounts and fake IPs, organizations gain an advantage in detecting, analyzing and stopping attackers and insider threats without impacting corporate assets.
"We are excited to join SentinelOne, a leader in XDR technology. Attivo's solutions are a perfect complement, as an XDR platform with identity protection significantly improves the enterprise's security posture," he commented Tushar Kothari, CEO of Attivo Networks. "As the threat landscape evolves, identities remain the central nervous system of the enterprise. With the power of SentinelOne's autonomous XDR, we will bring real-time threat detection to identities while also enabling teams to respond quickly."
“The acquisition of Attivo Networks confirms our commitment to defining and securing an autonomous XDR platform,” he said Tomer Weingarten, CEO at SentinelOne. "Identities connect all enterprise resources together, and we see identity threat detection and response as an integral part of our XDR strategy. Attivo Networks offers the ideal technology and team to enhance our portfolio, supporting our growth and accelerating enterprise adoption of Zero Trust."
For more information on SentinelOne's acquisition of Attivo Networks, please see:
– Demo: The acquisition will integrate market-leading ITDR technology into Singularity XDR
– Demo: SentinelOne Singularity XDR
SentinelOne presented the results for the fiscal year ended January 31, 2022 on March 15, 2022. You can access the webcast investor.sentinelone.com.
Forward-Looking Statements
This release relates to the pending acquisition of Attivo Networks, Inc. (“Attivo”) by SentinelOne, Inc. (“SentinelOne”, “our”, “we” or “us”). This release contains forward-looking statements that involve risks and uncertainties, including statements regarding the expected benefits of the Acquisition, the expected impacts of the Acquisition on our business, products, financial results, including GAAP and Non-GAAP revenue and gross margin, our total addressable market and other aspects of our operations and Assets, 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. These risks, uncertainties, assumptions and other factors include, but are not limited to: the effect of the acquisition announcement on SentinelOne or Attivo's ability to retain key personnel or maintain relationships with customers, suppliers, developers, community members and other business partners; the risks that the acquisition disrupts current plans and operations; the ability of the parties to complete the acquisition in a timely manner or at all; the satisfaction of conditions prior to closing of the acquisition, including the ability to obtain regulatory approvals in a timely manner or at all; our ability to successfully integrate Attivo's operations; our ability and that of Attivo to implement our business strategies related to the acquisition and realize the expected benefits and synergies; our ability to compete effectively, including in response to actions that competitors may take after the acquisition is announced; the effects of COVID-19 or other pandemics; and the effects of the conflict in Ukraine. Additional information about these and additional risks, uncertainties and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements in this release is included under the heading “Risk Factors” and elsewhere in our Form 10-Q for the fiscal quarter ended October 31, 2021 and in other documents and reports we file from time to time with the Securities and Exchange Commission, including our Form 10-K to be filed for the fiscal year ended January 31, 2022. Additionally, both we and Attivo operate in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible to predict all risks, nor can we evaluate 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 be materially different 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 on 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.
[1] Gartner “Top Security and Risk Trends for 2021,” Kasey Panetta, November 15, 2021
