Prominent cybersecurity firm SentinelOne and veteran tech company BlackBerry are at the centre of recent acquisition discussions.
Private equity firm Veritas Capital is reportedly in preliminary talks to acquire BlackBerry, while cloud security startup Wiz is showing interest in acquiring SentinelOne.
The ongoing chatter surrounding these acquisitions signifies a pending wave of consolidation in the cybersecurity market. Veritas Capital is said to be keen on acquiring BlackBerry in its entirety, although the exact value of the deal has not been disclosed. On the other hand, SentinelOne, which has a market cap of $4.8bn, is also considering a sale, among other options.
SentinelOne is a publicly traded cybersecurity company specialising in anti-malware solutions, and it has recently been involved in a shopping spree, acquiring Attivo for $616m and Scalyr for $155m. BlackBerry, initially known for its mobile phones, has successfully pivoted into cybersecurity after acquiring Cylance.
Veritas Capital is a private equity firm with a strong track record in the tech sector, while Wiz is a cloud security startup last valued at around $10bn, embroiled in a heated rivalry with Orca.
The acquisition discussions follow recent moves by both SentinelOne and BlackBerry to expand their offerings. SentinelOne has hired investment bank Qatalyst Partners to advise on potential acquisition talks. Wiz, despite being a newer entrant in the market, has raised approximately $900m in venture capital and growth funding, positioning itself as a strong contender.
Veritas Capital’s interest in BlackBerry is not exclusive; other suitors are also reportedly interested in acquiring parts or all of the Canadian-based tech firm. Meanwhile, Wiz’s potential acquisition of SentinelOne is causing a buzz in the industry, given the company’s existing rivalry with Orca.
Copyright © 2023 RegTech Analyst
Copyright © 2018 RegTech Analyst
