Funding/M&A

Acquisition Chatter Swirls Around SentinelOne, BlackBerry

Cybersecurity vendors SentinelOne and BlackBerry have been separately named in public acquisition chatter with a surprise suitor emerging.

Cybersecurity vendors SentinelOne and BlackBerry have been separately named in public acquisition chatter with a surprise suitor emerging.

Prominent anti-malware vendors SentinelOne and BlackBerry have been separately named in public acquisition chatter, underscoring a clear signal of impending consolidation in cybersecurity.

According to published reports, private equity firm Veritas Capital is in early talks to acquire BlackBerry, the venerable tech firm that acquired Cylance and reinvented itself as a cybersecurity vendor.

Neither Veritas or BlackBerry has commented on the reports, which say Veritas is interested in acquiring all of the Canadian company, while other suitors are also interested in the whole or parts of BlackBerry.

The BlackBerry acquisition chatter follows news that SentinelOne has been exploring options that could include a sale. SentinelOne, a publicly traded company with a market cap of $4.8 billion, has hired investment bank Qatalyst Partners to advise on discussions with potential acquirers, according to Reuters.

In a surprise twist, hot-shot cloud security startup Wiz has emerged as a suitor for SentinelOne, a potential transaction that has set tongues wagging throughout the industry.

Wiz, currently locked in acrimonious competition with rival Orca, has raised about $900 million in venture capital and growth funding and was last valued in the range of $10 billion.

SentinelOne has also gone shopping lately, spending $616 million to purchase Attivo, and $155 million to acquire Scalyr.

Related: Wiz Raises $300 Million at $10 Billion Valuation

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Related: SentinelOne Snaps up Scalyr in $155M Deal

Related: SentinelOne to Acquire Attivo Networks for $616M

Related: Orca Sues Wiz Over Alleged Cloud Security Patent Violations

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