Cellebrite, which manufactures forensic devices to unlock smartphones, said it has acquired mobile-tested Startup Corellium for $170 million in cash, with $20 million being converted to equity when it closes.
Israel-based Serbright said the deal would help “accelerated identification of mobile vulnerabilities and exploitation.” Many of Cellebrite's technologies rely on using unknown vulnerabilities such as Zero-Day Exploits to unlock encrypted data stored on mobile phones.
Corellium provides customers access to virtual, cloud-based Android and iOS devices for apps and security testing.
A Cellebrite spokesperson told TechCrunch that the deal is expected to close later this year. The review from CFIUS said it will be subject to a review from CFIUS, which is responsible for handling corporate transactions that may affect national security.