Summary:
Cellebrite acquires Corellium for $170 million to enhance mobile security testing
Deal includes $150 million in cash and $20 million in equity
Aims to accelerate identification of mobile vulnerabilities and exploits
Corellium provides virtual, cloud-based Android and iOS devices for testing
Pending CFIUS review due to potential national security implications
Cellebrite, a leader in forensic technology for smartphone unlocking, has announced its acquisition of Corellium, a mobile testing startup, for a staggering $170 million. This deal, comprising $150 million in cash and $20 million in equity, marks a significant step towards enhancing mobile security testing capabilities.
The Strategic Move
Cellebrite, headquartered in Israel, specializes in exploiting unknown vulnerabilities, such as zero-day exploits, to access encrypted data on smartphones. The acquisition of Corellium is poised to accelerate the identification of mobile vulnerabilities and exploits, bolstering Cellebrite's arsenal in digital forensics.
Corellium's Edge
Corellium offers a unique platform that provides virtual, cloud-based Android and iOS devices for app and security testing. This innovative solution had previously drawn legal challenges from Apple, highlighting its potential to disrupt traditional testing methodologies.
Regulatory Hurdles
The deal is pending approval from the Committee on Foreign Investment in the United States (CFIUS), a U.S. government body that reviews transactions potentially impacting national security. The outcome of this review is eagerly awaited, with the deal expected to close later this year.
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