Cellebrite DI Ltd. (CLBT) to Acquire Corellium

Cellebrite DI Ltd. (NASDAQ:CLBT) makes a move to acquire Corellium, a developer of Arm-based virtualization software. The transaction is valued at $170 million in cash, plus up to $30 million in contingent consideration, and reflects the company’s deepening footprint across the mobile security and digital intelligence spectrum.

Cellebrite DI Ltd. (CLBT) to Acquire Corellium

A female engineer in a datacenter, wearing a headset, monitoring digital data.

The acquisition of Corellium introduces mobile vulnerability research tools, smart device DevSecOps, and virtual device testing, thereby complementing Cellebrite DI Ltd. (NASDAQ:CLBT)’s plan to expand beyond traditional digital investigations. The company’s Interim CEO, Thomas E. Hogan, has further made the following statement.

“The combination of our respective talent and IP changes the game in the efficient securing and analysis of all Arm-based devices.”

Cellebrite DI Ltd. (NASDAQ:CLBT)’s shares opened at $16.85 today. The acquisition is pending regulatory approval and is expected to close this summer. This timing stands close to the company’s plans to announce the appointment of the permanent CEO. Though the stock’s monthly performance has declined by 11.94%, its weekly performance has seen an uptick of 2.18%, potentially influenced by the acquisition buzz.

The Israeli company, Cellebrite DI Ltd. (NASDAQ:CLBT), established under the telecommunications and digital intelligence industries, offers advanced digital forensics tools to law enforcement, intelligence agencies, and enterprises worldwide. With a market capitalization of $4.06 billion, the company is best known for its flagship product series, Cellebrite UFED.

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