Intelligent Tech Channels Issue 51 - Page 59

MARKET MOVEMENT
SentinelOne to acquire Attivo Networks

SentinelOne , an autonomous cybersecurity platform company , has announced it has entered into a definitive agreement to acquire Attivo Networks , an identity security and lateral movement protection company .

With the acquisition , SentinelOne extends its AI-powered prevention , detection , and response capabilities to identity-based
threats , setting the standard for XDR and accelerating enterprise zero trust adoption .
Under the terms of the agreement , SentinelOne will acquire Attivo Networks in a cash and stock transaction valued at US $ 616.5 million . The acquisition is expected to close in SentinelOne ’ s upcoming fiscal second quarter , subject to regulatory approval and customary closing conditions .
“ The shift to hybrid work and increased cloud adoption has established identity as the new perimeter , highlighting the importance of visibility into user activity . Identity Threat Detection and Response ( ITDR ) is the missing link in holistic XDR and zero trust strategies ,” said Nicholas Warner , COO , SentinelOne . “ Our Attivo acquisition is a natural platform progression for protecting organisations from threats at every stage of the attack lifecycle .”
Attackers are targeting identity and access management gaps to gain a foothold within trusted environments and advance laterally in pursuit of high-value targets . “ In our breach response engagements , Active Directory and identity-based attacks are too common ,” said Ed Goings , National Leader , Cyber Response Services , KPMG .
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stc ’ s expansion strategy results in a US $ 158 million acquisition deal

solutions by stc , a stc Group company has announced its intention to acquire Giza Systems Company , by signing a binding offer with Energy Technologies to acquire an 89.49 % of Giza Systems Company LLC , which is owned by Energia Technologies .

The move is in continuation of stc Group ’ s strategy of expansion and digital services , after the success achieved in the IPO of solutions by stc . solutions by stc will acquire 34 % of the stake owned by Giza Systems Company in Giza Arabian Systems Company Ltd , with a total value of US $ 158 million .
The acquisition represents a strategic step that enables solutions by stc to expand in global markets and move forward towards achieving the goals of the company and stc group ’ s strategy .
In addition , this acquisition is an extension of solutions by stc ’ s plans to create new business lines and expand in new markets .
The acquisition of Giza Systems comes within the expansion plans of stc Group to continue to lead Digital Transformation in the Kingdom , which is witnessing huge and qualitative leaps in light of Vision 2030 .
Giza Systems is a pioneer in information technology and has been offering technical solutions with more than 40 years of experience . The company has developed into a regional force in enabling Digital Transformation , systems integration , and emerging technologies in the Middle East and Africa . •
INTELLIGENT TECH CHANNELS 59