Cellebrite DI Ltd. has announced its agreement to acquire Corellium for an enterprise value of $170 million in cash, with an additional $30 million contingent on certain performance milestones over the next two years. The acquisition aims to enhance Cellebrite's Digital Investigation Platform with Corellium's Arm-based virtualization technology, broadening its offerings in both the public and private sectors. Corellium's founder and chief technology officer, Chris Wade, will join Cellebrite as the chief technology officer. The deal, expected to close this summer, is subject to customary closing conditions, including approval from the Committee on Foreign Investment in the United States.
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