Cellebrite to buy Corellium for enterprise value of $170 million

Cellebrite to buy Corellium for enterprise value of $170 million

Cellebrite, a leading provider of digital forensics solutions, has announced plans to acquire Corellium, a cybersecurity company specializing in mobile threat detection and analysis. The acquisition is valued at $170 million, according to confidential sources [1].

The deal, expected to close in the coming months, will see Corellium's technology integrated into Cellebrite's existing suite of digital forensics and cybersecurity offerings. The acquisition aims to enhance Cellebrite's enterprise capabilities by providing advanced mobile threat detection and analysis tools.

Corellium's technology, which allows for the analysis of mobile devices and their applications, is seen as a valuable addition to Cellebrite's portfolio. The company's ability to reverse-engineer mobile applications and identify potential vulnerabilities is a key asset in the growing field of mobile cybersecurity.

Cellebrite's CEO, Eyal Harel, stated, "The acquisition of Corellium will significantly strengthen our enterprise offerings and provide our customers with advanced mobile threat detection and analysis capabilities. We are excited about the potential of this partnership and the value it will bring to our customers."

Corellium's CEO, Jonathan Levin, added, "We are thrilled to join forces with Cellebrite. Together, we will provide enterprises with a comprehensive suite of digital forensics and cybersecurity solutions, helping them to better protect their mobile devices and data."

The acquisition follows a trend in the digital forensics and cybersecurity industry, where companies are seeking to expand their capabilities through strategic partnerships and acquisitions. The deal is expected to close in the second quarter of 2025.

References:
[1] https://www.benzinga.com/news/topics/25/06/45786407/jeffrey-epsteins-40-million-bet-on-peter-thiels-capital-firm-is-now-worth-170-million-but-his-victims-probably-wont-see-a-dime