UK- and US-based Searchlight Cyber has acquired Assetnote, a Brisbane, Australia-headquartered attack surface management (ASM) firm.
The deal, for an undisclosed sum, is the first by Searchlight Cyber, and will see Assetnote’s ASM integrated with its dark web intelligence and monitoring capabilities, creating a holistic continuous threat exposure management (CTEM) platform, that enables customers to zero in on the highest-priority threats and take action to prevent cyber attacks.
Founded in 2018, Assetnote offers customers continuous vulnerability discovery and management, providing businesses with essential insight and control over their changing threat exposure to efficiently manage their security posture.
Assetnote's ASM technology uses the attacker’s perspective to identify critical vulnerabilities in customers’ infrastructure early on, while Searchlight Cyber provides visibility and context of attackers targeting organisations.
Following Searchlight’s strategic growth investment announced in January 2024 from Charlesbank Capital Partners, the company has continued to add to its headcount and global network of partners, with the Assetnote integration “considerably expanding” Searchlight’s customer base and reach globally, it said.
The entire Assetnote team will be joining Searchlight, including founders CEO Michael Gianarakis and CTO Shubham Shah, who will be spearheading the ASM side of the business and the engineering and research teams in Australia.
Ben Jones, co-founder and CEO of Searchlight Cyber, said: “ASM was always going to be the next area of expansion for Searchlight, and when we met the Assetnote team we very quickly recognised the opportunity to incorporate one of the best solutions on the market into our company.
“The expertise within the Assetnote team, its industry-leading research, and its impressive customer base bring huge value to Searchlight and our customers.”
Michael Gianarakis, co-founder and CEO of Assetnote, added: “Having built our business from the ground up, the next phase of Assetnote’s journey is all about how we can best expand our options and proposition for our customers.
“With Searchlight, we found a company that is similar in terms of culture, vision, and opportunities for growth, everything naturally clicked into place. We can’t wait to see the benefits that our shared customers will experience as a result.”
At the end of 2023, Searchlight Cyber launched a new partner programme for MSSPs, VARs and other channel players.
Earlier this week, NinjaOne announced the acquisition of another Australian cyber security company, cloud data backup vendor Dropsuite, in a US$252m deal.
