SentinelOne, an AI-powered security platform, has announced that it has agreed to acquire PingSafe. The acquisition of PingSafe’s cloud native application protection platform (CNAPP), when combined with SentinelOne’s cloud workload security and cloud data security capabilities, is expected to provide companies with a platform that drives coverage, hygiene and automation across their cloud footprint.
According to an official release, this acquisition will help companies access a security platform complete with advanced, real-time, AI-powered security operations to protect the enterprise across endpoints, identities, and clouds. From what it’s understood, the move also aligns with the Singularity Unity Release strategy SentinelOne announced in November to transform security operations centers. It’s believed that 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 regulatory approvals and closing conditions.
With the acquisition of PingSafe, SentinelOne is expected to offer capabilities such as advanced secrets scanning of runtime, 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. Reportedly, these capabilities will be in addition to CNAPP capabilities such as cloud security posture management, Kubernetes security posture management, agentless vulnerability scanning, and shift-left infrastructure as code scanning.
“With the addition of PingSafe, we intend to redefine cloud security by fusing cloud workload protection, AI and analytics capabilities, with a modern and comprehensive CNAPP. This approach to cloud security should eliminate the need for companies to navigate the complexity of multiple-point solutions, triage and investigate with incomplete context, or pipe data between disparate data silos. Instead, they can manage their entire attack surface from a single platform that, unlike CNAPP and standalone providers, delivers the full context, real-time interaction and analytics needed to correlate, detect and stop multi-stage attacks,” Ric Smith, chief product and technology officer, SentinelOne, said.
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