Cybersecurity firm from British Darktrace announced that it is buying a Netherland based company Cybersprint, for approximately $53.7 million.
London, NFAPost: The deal, which is expected to close by 1st March 2022, will be comprised of 75% cash and 25% equity, totaling 12.5 times Cybersprint’s annual recurring revenue, Darktrace said.With this announcement the share price of Darktrace rose to 4% and were up 2.5% at the time of publication.
Darktrace, which positions itself as a cybersecurity AI leader, provides technology aimed at preventing ransomware, cloud, and SaaS attacks. The company said it would use Cybersprint’s attack surface management data to enrich existing Darktrace products with external vulnerability data and accelerate Darktrace’s entry into new areas like proactive AI cybersecurity.
Cybersprint excels at providing an outside in view that aligns with what adversaries sees and is specific to a target, company, or organization, according to Eagan.
“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,” said Darktrace CEO Poppy Gustafsson in a statement.