08:09 AM EDT, 06/05/2025 (MT Newswires) -- Cellebrite DI ( CLBT ) said Thursday that it has agreed to acquire Corellium, an Arm-based virtualization software, for an enterprise value of $170 million, including $20 million in equity.

The company said it may pay an additional $30 million based on performance milestones over the next two years.

The deal is expected to be completed this summer, the company said.

Additionally, Cellebrite said its chief executive officer search is nearing completion, with a new permanent CEO expected to be announced by mid-August, alongside its Q2 results.