Cybersecurity firm Darktrace has entered into a definitive agreement to acquire attack surface management company Cybersprint as part of a deal valued at €47.5m.
Darktrace said on Wednesday that its acquisition of Cybersprint, which it stated was aligned with its vision of delivering a ‘continuous cyber AI loop’, would be paid approximately 75% in cash and 25% in equity, valuing the transaction at approximately 12.5 x Cybersprint’s annual recurring revenue.
The FTSE 250-listed firm stated that with an expected completion date of on or around 1 March, Cybersprint’s results of operations were not expected to be material to its 2022 full-year results.
Separately, Darktrace released research on attack path modelling – the technology that underpins its ‘Prevent’ product suite.
“Darktrace research marks a major shift in mindset that will be critical in preventing cyber-attacks and we are proud to be leading the way. With Darktrace’s attack path modeling, security teams will not only be able to react to threats, but get proactive by emulating and simulating the very paths an attacker will likely follow to get to critical assets,” said chief technology officer Jack Stockdale.
“Think of it as turning the tables on ‘bad actors.’ This research has the potential to give security teams ways to ‘future proof’ people and organizations against unknown threats. It gives them the power to shift to offence to defeat an aggressive enemy.”
