Cellebrite’s $200M Corellium Acquisition: A Match Made in Controversy!
Cellebrite acquires virtualization firm Corellium in a $200 million deal. Together, they’ll tackle mobile vulnerabilities, providing advanced tools for public safety and intelligence sectors. Controversy follows both: Cellebrite’s zero-day exploits and Corellium’s legal spat with Apple. It’s a match made in tech-heaven, or perhaps, a cybersecurity soap opera.
Hot Take:
In a plot twist worthy of a Hollywood thriller, Cellebrite and Corellium are merging forces to create a cybersecurity powerhouse. Think of it as Batman teaming up with Iron Man—only with less spandex and more code. The acquisition, priced at a cool $200 million, is like buying a virtual Swiss army knife for breaking into phones and IoT devices. So hold on to your smartphones, because the world of mobile security is about to get a whole lot more interesting!
Key Points:
- Cellebrite acquires Corellium for $200 million to bolster its forensic capabilities.
- The acquisition involves $170 million in cash, with $20 million in equity and a potential $30 million add-on based on performance.
- The merger aims to enhance mobile vulnerability identification, virtual device interaction, and DevSecOps solutions.
- Both companies have been embroiled in controversy, involving lawsuits and dealings with spyware makers.
- The acquisition could redefine public safety and mobile security research sectors.