Addition of Cloud Native Application Protection
Platform will create a comprehensive cloud security platform
powered by AI and full analytics capabilities
SentinelOne (NYSE: S), 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 (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.
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.
“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.”
Transforming Cybersecurity
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.
“SentinelOne is a pioneer and leader in AI-powered security, and
we share a common mission to secure the cloud and make the Internet
a safer place,” said Anand Prakash, founder and CEO of PingSafe and
one of the world’s top five white hat hackers. “The combination of
our cutting-edge CNAPP capabilities with SentinelOne’s
market-leading AI security platform will supercharge cloud security
by providing world-class protection for multi-cloud infrastructure,
from development to deployment.”
Leading Cloud Security with Enterprise-Wide AI and
Analytics
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. And customers view it
as superior to alternative solutions in the market.
“With more than $100 billion in transactions flowing through our
network, nothing is more important than ensuring the security of
our environment,” said Ashwath Kumar, Principal Security Engineer
at Razorpay, one of the largest payment processors in India. “With
PingSafe, we can cut through the noise delivered by many CNAPP
solutions to identify and prioritize the most critical threats and
take an offensive approach to preventing them before they impact
our business.”
“We operate in a regulated but growing industry. It is an
industry where one needs to adapt to change at lightning speed, and
ensuring compliance in doing so is a key requirement,” said Prajal
Kulkarni, CISO Groww. “We must be able to quickly identify,
prioritize and respond to cloud misconfiguration seamlessly and
correlate issues across our large cloud environment, and PingSafe
provides us with a centralized dashboard that makes this easy and
cost-effective to do.”
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.
“Combined with our Singularity Data Lake, Purple AI, endpoint
security, and identity security capabilities, PingSafe will enable
us to provide a compelling and cost-effective alternative to
standalone CNAPP offerings unlike anything else in the market and a
superior, more integrated user experience,” Smith said.
Terms and Conditions
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. To read more about the
acquisition, visit: https://s1.ai/CNAPP-b
Forward-Looking Statements
This release relates to a pending 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
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.
These risks, uncertainties, assumptions, and other factors include,
but are not limited to: the effect of the announcement of the
acquisition on the ability of PingSafe to retain key personnel or
maintain relationships with customers, vendors and other business
partners; risks that the acquisition disrupts current plans and
operations; the ability of the parties to consummate the
acquisition on a timely basis or at all; the satisfaction of the
conditions precedent to consummation of the acquisition; our
ability to successfully integrate PingSafe’s operations; our and
PingSafe’s 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 announcement of 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 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, 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.
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
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Karen Master SentinelOne karen.master@sentinelone.com +1 (440)
862-0676
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