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TYSONS CORNER, Va. - Cellebrite (CLBT), a global provider of digital investigative solutions with a market capitalization of $4 billion and impressive gross profit margins of 84%, has announced an agreement to purchase Corellium, a company specializing in Arm-based virtualization software. The $170 million cash deal, with an additional $30 million contingent on performance milestones, is slated to close in the summer of 2025, pending regulatory approvals. According to InvestingPro data, Cellebrite maintains a strong financial position with more cash than debt on its balance sheet.
This acquisition is expected to enhance Cellebrite’s capabilities in digital investigations and smart device security, offering benefits to sectors including public safety, defense, and intelligence. Corellium’s platform allows users to simulate and interact with virtual devices, aiding in vulnerability identification and DevSecOps processes. The deal comes as Cellebrite demonstrates strong revenue growth of 22% year-over-year, with six analysts recently revising their earnings estimates upward for the upcoming period, as reported by InvestingPro.
Corellium’s founder, Chris Wade, will join Cellebrite as Chief Technology Officer, bringing expertise in vulnerability research and security testing. The deal is anticipated to expand Cellebrite’s total addressable market (TAM) and extend its reach in both public and private sectors.
In the public sector, Corellium’s technology is set to enhance Cellebrite’s Digital Investigation Platform, while in the private sector, it is expected to bolster the company’s offerings in mobile application and IoT device security.
The transaction’s financial impact on Cellebrite’s 2025 revenue and other financial metrics will be disclosed after the deal’s completion. J.P. Morgan Securities LLC served as Corellium’s exclusive financial advisor.
This news is based on a press release statement and does not include speculation or subjective assessment. It is focused on providing a balanced and factual report of the acquisition and its potential implications for the involved parties and their customers.
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