Cellebrite, a leader in smartphone forensic equipment, announced its acquisition of mobile testing startup Corellium for $170 million. This strategic acquisition aims to enhance Cellebrite's ability to identify vulnerabilities and exploits in mobile technology, improving its existing forensic services. Corellium provides virtual cloud-based devices for app testing, which aligns with Cellebrite's approach of utilizing unknown vulnerabilities to unlock encrypted mobile data. The deal, involving a $20 million equity conversion, is pending review by CFIUS for national security considerations before final closing later this year.
Cellebrite, known for its forensic tools to unlock smartphones, is acquiring Corellium for $170 million to enhance mobile security testing capabilities.
The acquisition is aimed at speeding up the identification of vulnerabilities and exploits in mobile devices, bolstering Cellebrite's technology for unlocking encrypted data.
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