By Milana Vinn and Anirban Sen NEW YORK (Reuters) - SentinelOne Inc, a cybersecurity company with a market value of $4.2 billion, has been exploring ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Milana Vinn and Anirban Sen
SentinelOne has hired investment bank Qatalyst Partners to advise on discussions with potential acquirers, including private equity firms, the sources said. But investor excitement soon turned to disappointment as the company struggled to become profitable as it kept its prices low with clients to win market share. In June, SentinelOne also disclosed that it had overvalued its annual recurring revenue and had to restate it due to"a change in methodology and the correction of historical inaccuracies."
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