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SentinelOne terminates Wiz partnership amid acquisition rumors
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Aug 30, 2023
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Next-gen Cybersecurity

Next-gen Cybersecurity

Aug 30, 2023

SentinelOne terminates Wiz partnership amid acquisition rumors

Industry news

  • According to Reuters, SentinelOne has unilaterally terminated its collaboration with Wiz, citing a lack of execution. The news comes days after venture-backed Wiz indicated interest in acquiring publicly traded SentinelOne, an older and larger company.

  • The companies partnered in March 2023 to offer customers end-to-end cybersecurity solutions, entering into a strategic agreement with a reported duration of one-and-a-half years, of which only six months have elapsed. SentinelOne and Wiz will reportedly remain bound by a non-competition clause, preventing either company from partnering with the other’s direct competitors.

  • Analyst QuickTake: Wiz expressed interest in acquiring SentinelOne last week, soon after reports emerged of the latter hiring an investment bank to explore a sale amid profitability issues.

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