Cybersecurity AI firm Darktrace has entered an agreement to acquire attack surface management Cybersprint for €47.5m.
According to Darktrace, the acquisition of Cybersprint is aligned with its vision of delivering a ‘continuous cyber AI loop’ and complements its self-learning technology and inside-out view.
The €47.5m will be paid approximately 75% in cash and 25% in equity, valuing the transaction at approximately 12.5 times Cybersprint’ annual recurring revenue. The expected completion date of the acquisition is on or around 1 March this year.
Cybersprint claims its attack surface management data can enrich existing Darktrace Detect and Respond products with external vulnerability data and speed up the firm’s market entry into new areas like proactive AI cybersecurity. This capability will be introduced as a new module in the prevent product family, feeding organisation-specific web data to Darktrace’s Attack Path Modelling technology.
Darktrace CEO Poppy Gustafsson said, “We are very excited to welcome the Cybersprint team to Darktrace. Bringing inside-out and outside-in visibility together is critical and having access to the robust, rich, real-time external dataset combined with Darktrace’s Self-Learning AI means that customers get a holistic view of prioritised cyber risks to harden the parts of their organisation that are most vulnerable.
“With this acquisition, we are able to leverage Cybersprint’s seven years of R&D to accelerate our Prevent product family, ultimately making it much harder for cyber-attackers to carry out successful missions.”
Cybersprint CEO Pieter Jansen added, “I’m very excited about this fantastic step in the journey of Cybersprint. We are passionate about automating manual tasks in cybersecurity from an outside perspective. We believe attackers never sleep and operate without scope. When we began conversations with Darktrace, we felt an instant connection on vision, culture and technology. That’s why we are looking forward to joining Darktrace and working together to accelerate state-of-the-art innovations to make organisations more cyber secure.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
