Darktrace, a British cybersecurity company, has bought the Dutch firm Cybersprint in a deal valuing the latter company at €47.5 million ($53.7 million), UKTN reported Wednesday (Feb. 23).
Darktrace said it plans to integrate Cybersprint’s attack surface management tools with its own detection and response products.
The report said Cybersprint’s ethical hacking and real-time internet data insight will be used to expand Darktrace’s existing detect and respond products, saying it will accelerate its entry into the proactive artificial intelligence (AI) cybersecurity market.
Darktrace will also get a second European R&D center out of the deal. That will be used to support its U.K. software engineers.
Pieter Jansen, CEO of Cybersprint, said, “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.”
Meanwhile, Darktrace CEO Poppy Gustafsson said it was crucial to bring “inside-out and outside-in visibility” together and that having access to more external, real-time data along with Darktrace’s own AI capabilities “means that customers get a holistic view of prioritized cyber risks to harden the parts of their organization that are most vulnerable.”
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI