IN BRIEF: Darktrace buys Dutch firm Cybersprint for EUR47.5 million

Darktrace PLC - Cambridge, England-based artificial intelligence-based cybersecurity - Acquires ...

Alliance News 23 February, 2022 | 9:02AM
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Darktrace PLC - Cambridge, England-based artificial intelligence-based cybersecurity - Acquires Cybersprint BV, an 'attack surface management' company with a research & development centre in The Hague, Netherlands. Darktrace will pay EUR47.5 million, which will be 75% in cash and 25% in Darktrace shares. It said the price is 12.5 times Cybersprint's annual recurring revenue. The deal is expected to close around March 1, and Darktrace said Cybersprint's results won't be material to its own results for the remainder of its financial year, which ends on June 30.

Cybersprint will be added to the Darktrace 'Prevent' product suite. Cybersprint products provide continuous monitoring from "an outside-in perspective" to eliminate blind spots and detect risks for customers.

"Bringing inside-out and outside-in visibility together is critical and having access to the 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," explains Darktrace Chief Executive Officer Poppy Gustafsson.

Current stock price: 358.23 pence, up 4.2% on Wednesday

12-month change: up 8.6%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Darktrace PLC 292.10 GBX 1.56 -

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