Darktrace is acquiring Netherlands-headquartered security services firm Cybersprint for €47.5m, in a 75% cash and 25% equity split deal.
The value of the transaction is approximately 12.5 times Cybersprint's annual recurring revenue (ARR).
Cybersprint's attack surface management data can enrich existing Darktrace Detect and Respond products with external vulnerability data, and will accelerate the company's market entry into new areas like proactive AI cyber security, said Darktrace. For example, this capability will be introduced as a new module in the Prevent product family, feeding organisation-specific web data to Darktrace's Attack Path Modeling technology.
Through the acquisition, UK-headquartered Darktrace gains a second European R&D centre in The Hague, the Netherlands, joining forces with its Cambridge-based mathematicians and software engineers. “Cybersprint's employees bring a deep understanding of how to continuously model real-time internet data as well as ethical hacking expertise,” Darktrace said.
“We welcome the Cybersprint team to Darktrace, they bring inside-out and outside-in visibility together, said Poppy Gustafsson, CEO of Darktrace. “Having access to a 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.”
“We are passionate about automating manual tasks in cyber security from an outside perspective, said Pieter Jansen, CEO of Cybersprint. “We are looking forward to joining Darktrace and working together to accelerate state-of-the-art innovations to make organisations more cyber secure.”
Darktrace has over 1,700 employees across over 30 offices worldwide.
