In a bold bet on the future of mobile security and forensic tech, Cellebrite DI Ltd. announced Thursday that it has inked a deal to acquire Corellium, a virtualization pioneer that enables developers to test mobile systems in powerful simulated environments. The acquisition is valued at up to $200 million, a strategic power move designed to cement Cellebrite’s dominance in the digital intelligence arena.
The transaction, expected to close this summer pending regulatory approvals, places $170 million in cash on the table, with $20 million converted to equity. An additional $30 million in performance-based incentives could be awarded to Corellium stakeholders over the next two years.
A Virtual Leap Forward in Digital Forensics
Cellebrite, known for supplying forensic tools to law enforcement and intelligence agencies worldwide, sees Corellium as a rocket booster for its capabilities. The fusion of these platforms promises to speed up the discovery of mobile vulnerabilities and sharpen real-time simulation of digital environments.
“This union is more than just a technological merger — it’s an infusion of elite talent and visionary tools,” said Thomas E. Hogan, Cellebrite’s interim CEO. “Corellium brings unmatched minds in vulnerability research, malware analysis, and secure development. We are thrilled to welcome them to our mission.”
With the acquisition, Corellium founder Chris Wade will step into the role of Chief Technology Officer at Cellebrite, further intertwining the companies’ futures.
