Cybersecurity AI leader Darktrace has swooped to acquire an attack surface management company for €47.5 million.
The deal for Cybersprint will give Cambridge-headquartered Darktrace, which is listed on the London Stock Exchange, an additional R&D centre in the Netherlands and a deep understanding of how to continuously model real-time internet data.
Cybersprint delivers continuous, real-time insights to eliminate blind spots and detect risks. Darktrace said the acquisition is aligned with its vision of delivering a ‘continuous cyber AI loop’, complementing its own self-learning technology.
The deal, to be paid 75% in cash and 25% in equity, values the transaction at approximately 12.5 times Cybersprint’s annual recurring revenue. It has an expected completion date around 1st March.
“We are very excited to welcome the Cybersprint team to Darktrace,” said Poppy Gustafsson, CEO, Darktrace.
“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.”
Pieter Jansen, CEO of Cybersprint, added: “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.”
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