We’ll get a lot more detail in SentinelOne’s upcoming earnings report but the company recently put out a press release that they acquired Attivo Networks for $616 million.
Source: https://investors.sentinelone.com/press-releases/news-detail…
This is a sizable acquisition for them so I wanted to do a little digging. In comparison, Scalyr was for $155 million.
Here are a few quick things I found:
- In 2020, Attivo was on Deloitte’s list of fastest growing companies. Apparently the company grew revenue by 724% that year (though we don’t know how much of a revenue base that was on).
In SentinelOne’s press release they also say that this acquisition will be accretive to growth, gross margin and non-GAAP operating margin.
Source: https://www.businesswire.com/news/home/20201118005664/en/Att…
- Here is an interview from last July with the CEO, Tushar Kothari. In it, he talks about a new focus for protecting credentials of employees. He mentions that OKTA and Microsoft Active Directory do a good job of provisioning access to applications and identity management but fall a little short in limiting breaches.
Source: https://m.youtube.com/watch?v=D8Floh19Ccs
- In December, Attivo’s CEO tweeted that they had built an application for SentinelOne’s XDR marketplace. So these two companies know each other very well. SentinelOne has had a front down seat to see Attivo’s growth because they have all the data from how well Attivo’s product is selling on their marketplace.
Source: https://twitter.com/attivonetworks/status/146645474352224256…
We’ll get much more details soon but it seems like an interesting fit.
Best,
Fish