SentinelOne announces acquisition of CNAPP firm PingSafe in cash and stock deal

SentinelOne 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 fully integrated platform that drives better coverage, hygiene and automation across their entire cloud footprint….”With the addition of PingSafe, we intend to redefine cloud security by fusing best-of-breed cloud workload protection, AI and analytics capabilities with a modern and comprehensive CNAPP,” said Ric Smith, Chief Product and Technology Officer, SentinelOne. “This new approach to cloud security will 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 comprehensively manage their entire attack surface from a single platform that, unlike legacy CNAPP and standalone providers, delivers the full context, real-time interaction and analytics needed to correlate, detect and stop multi-stage attacks in a simple, automated way.”..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.