SentinelOne® Completes Acquisition of PingSafe
February 05 2024 - 9:00AM
Business Wire
Combination creates new leader in cloud
security with a fully integrated, AI-powered platform that protects
entire enterprise
SentinelOne (NYSE: S), a global leader in AI-powered security,
today announced that it has completed its acquisition of
cloud-native application protection platform (CNAPP) PingSafe,
ushering in a new era of cloud security which it is in pole
position to lead.
“Most of today’s cyber attacks start with endpoints and
identities, and security teams can’t stop them without
comprehensive visibility across all vectors. CNAPP alone can’t
provide this,” said Ric Smith, Chief Product and Technology
Officer, SentinelOne. “With the acquisition of PingSafe,
SentinelOne is redefining what cloud security means by combining
its AI-powered workload protection and Singularity™ Data Lake with
a comprehensive CNAPP to create a unified security platform that
protects the entire enterprise.”
Cloud Security Reimagined
The acquisition of PingSafe is a transformative move that will
enable SentinelOne to grow the value and security it offers to
customers. When integrated into the Singularity™ Platform,
PingSafe’s differentiated capabilities will give SentinelOne a
leading cloud security solution across agentless CNAPP and
agent-based threat protection for workloads and cloud storage.
“The acquisition of PingSafe is a strong one, further
solidifying SentinelOne's technology base while also allowing it to
expand the reach of its unified security approach further,” notes
Steve McDowell, Chief Analyst at NAND Research. “This is another
example of SentinelOne continuing to execute its strategic
initiatives in the face of a challenging competitive
landscape.”
To read more about this latest step in SentinelOne’s cloud
security journey, click here.
Forward-Looking Statements
This release relates to the acquisition of PingSafe by
SentinelOne, Inc. (“SentinelOne,” “our,” “we,” or “us”). This
release contains forward-looking statements that involve risks and
uncertainties, including statements regarding the anticipated
financial and business impact of the acquisition, the anticipated
benefits of the acquisition, and the expected synergies from the
transaction. 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 on our
operating results and business; our ability to retain key personnel
due to the transaction; our ability to maintain relationships with
customers, vendors and other business partners; risks that the
acquisition disrupts current plans and operations; our ability to
successfully integrate PingSafe’s operations; diversion of
management’s time on the integration of PingSafe; our ability to
execute on our business strategies relating to the acquisition and
realize expected benefits and synergies; our ability to compete
effectively, including in response to actions our competitors may
take following the acquisition; and the effects of geopolitical
conflicts around the world.
Further information on 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 contained in this
release are included under the caption “Risk Factors” and elsewhere
in our Form 10-Q for the fiscal quarter ended October 31, 2023 and
other filings and reports we make with the U.S. Securities and
Exchange Commission from time to time, including our Form 10-K that
will be filed for the fiscal year ended January 31, 2024. Moreover,
we 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.
About SentinelOne
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. To learn more, visit
www.sentinelone.com.
Category: Investors
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version on businesswire.com: https://www.businesswire.com/news/home/20240205656250/en/
Karen Master SentinelOne karen.master@sentinelone.com +1 (440)
862-0676
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