Cloud-based big data platform boosts extended detection and response (XDR) offering.
SentinelOne has acquired cloud-native data analytics provider Scalyr in a $155 million deal aimed at expanding its extended detection and response (XDR) platform.
"Scalyr's big data technology is perfect for the use cases of XDR, ingesting terabytes of data across multiple systems and correlating it at machine speed so security professionals have actionable intelligence to autonomously detect, respond, and mitigate threats," said Tomer Weingarten, co-founder and CEO of SentinelOne, in a statement.
The deal, scheduled to close during the first quarter for SentinelOne, is a combination of cash and equity.
"The security and data analytics industries are uniquely related, and this acquisition provides SentinelOne the opportunity to set the agenda as the XDR category leader," Christine Heckart, CEO of Scalyr, said in a statement. "Scalyr's current customers will benefit from expanded investment, and SentinelOne's customers will enjoy Scalyr’s big data capabilities within the Singularity platform."
Read more here.
About the Author(s)
You May Also Like
Securing Code in the Age of AI
April 24, 2024Beyond Spam Filters and Firewalls: Preventing Business Email Compromises in the Modern Enterprise
April 30, 2024Key Findings from the State of AppSec Report 2024
May 7, 2024Is AI Identifying Threats to Your Network?
May 14, 2024Where and Why Threat Intelligence Makes Sense for Your Enterprise Security Strategy
May 15, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024