SentinelOne enhances cloud security with acquisition of PingSafe
Press Release by SentinelOne Wed 3 Jan 2024
SentinelOne has announced its agreement to acquire PingSafe, a move that is set to bolster its cloud security capabilities.
This acquisition will integrate PingSafe’s cloud native application protection platform (CNAPP) with SentinelOne’s existing cloud workload and data security capabilities.
The integration of PingSafe’s CNAPP into SentinelOne’s Singularity Platform will give companies access to a unified security platform that combines cloud workload protection, AI, and analytics capabilities. This aims to eliminate the need for multiple-point solutions and offer enhanced protection across endpoints, identities, and clouds.
Ric Smith, Chief Product and Technology Officer at SentinelOne, said: “With the addition of PingSafe, we intend to redefine cloud security … This new approach to cloud security will eliminate the need for companies to navigate the complexity of multiple-point solutions.”
Smith emphasised the comprehensive management of attack surfaces from a single platform, which provides real-time interaction and analytics essential for thwarting multi-stage attacks.
The acquisition aligns with SentinelOne’s broader strategy of extending its cloud security capabilities and transforming security operations centres. This is in line with its Singularity Unity Release strategy announced in November.
Anand Prakash, Founder & CEO of PingSafe and one of the world’s top five white hat hackers, said: “The combination of our cutting-edge CNAPP capabilities with SentinelOne’s market-leading AI security platform will supercharge cloud security.”
Companies have lauded PingSafe for its ability to effectively manage cloud security and compliance needs.
“With more than $100 billion in transactions flowing through our network, nothing is more important than ensuring the security of our environment. With PingSafe, we can cut through the noise delivered by many CNAPP solutions,” said Ashwath Kumar, Principal Security Engineer at Razorpay, one of the largest payment processors in India.
The acquisition will enable SentinelOne to offer advanced features like secrets scanning, attack surface management, cloud security posture management, and Kubernetes security posture management. These features will complement SentinelOne’s existing offerings, including its Singularity Data Lake and Purple AI.
Prajal Kulkarni, the CISO of Groww, said: “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.
“We must be able to quickly identify, prioritise and respond to cloud misconfiguration seamlessly and correlate issues across our large cloud environment, and PingSafe provides us with a centralised dashboard that makes this easy and cost-effective to do.”
Terms of the deal include a combination of cash and stock, with the acquisition expected to close in the first quarter of SentinelOne’s fiscal year 2025, subject to regulatory approvals and customary closing conditions.