TECH
Mastercard buys cybersecurity company Recorded Future. From left: Staffan Truvé who is co-founder and Christopher Ahlberg who is CEO and founder. Photo: Press and Sören Håkanlind
The cybersecurity company Recorded Future is sold to the payment giant Mastercard for SEK 27.5 billion, reports Dagens industri.
Table of Contents
- 1 The cybersecurity company Recorded Future is sold to the payment giant Mastercard for SEK 27.5 billion, reports Dagens industri.
- 2 This is Recorded Future
- 3 – How will Mastercard’s acquisition of Recorded Future impact the cybersecurity landscape?
- 4 What are the implications of Mastercard’s acquisition of Recorded Future for the cybersecurity industry?
- 5 The Cybersecurity Company Recorded Future is Sold to the Payment Giant Mastercard for SEK 27.5 Billion, Reports Dagens Industri.
- 6 This is Recorded Future
- 7 How Will Mastercard’s Acquisition of Recorded Future Impact the Cybersecurity Landscape?
Table of Contents
The seller is the American venture capital company Insight Partners, and the deal is expected to close in the first quarter of next year.
CEO and co-founder Christopher Ahlberg, who is currently based in the US, confirms in an email to DI that Mastercard is buying 100 percent of the shares in the company. Recorded Future will become an independent subsidiary within Mastercard’s group, he states.
The company was founded in 2009 in the USA and has its headquarters in Boston. It has around 1,000 employees, of which around 150 are in Gothenburg, writes Göteborgs-Posten.
The company has a turnover of over 300 million dollars on an annual basis, corresponding to 3.1 billion kroner.
In 14 years, Recorded Future has gone from a start-up company to a large international intelligence company. They analyze huge amounts of data in real time to save security services and large companies from cyber attacks
Fact
This is Recorded Future
Start year: 2009.
Do: Cyber security company that delivers intelligence on known and unknown cyber threats.
Location: Headquarters in Boston, USA. Research and development is conducted at the company’s office in Gothenburg.
Employees: About 1000
Turnover: Just over 250 million dollars (2022).
– How will Mastercard’s acquisition of Recorded Future impact the cybersecurity landscape?
Mastercard Acquires Cybersecurity Company Recorded Future in a $3.1 Billion Deal
In a significant move to strengthen its cybersecurity capabilities, Mastercard has announced the acquisition of Recorded Future, a leading cybersecurity company, for SEK 27.5 billion (approximately $3.1 billion). The deal, which is expected to close in the first quarter of next year, marks one of the largest acquisitions in the cybersecurity industry.
Who is Recorded Future?
Founded in 2009 in the USA, Recorded Future is a renowned cybersecurity company that specializes in providing real-time threat intelligence to help organizations prevent cyber attacks. The company has its headquarters in Boston and employs around 1,000 people, with approximately 150 employees based in Gothenburg, Sweden.
What does Recorded Future do?
Recorded Future analyzes massive amounts of data in real-time to provide actionable intelligence to its clients, which include security services and large companies. The company’s cutting-edge technology enables it to detect and prevent cyber threats, making it an attractive acquisition target for Mastercard.
The Significance of the Deal
The acquisition of Recorded Future is a strategic move by Mastercard to enhance its cybersecurity capabilities and better protect its customers from the growing threat of cyber attacks. As a leading payment giant, Mastercard processes billions of transactions every day, making it a prime target for cybercriminals.
By acquiring Recorded Future, Mastercard gains access to advanced threat intelligence capabilities that will enable it to detect and respond to cyber threats more effectively. The deal also underscores Mastercard’s commitment to investing in cybersecurity and protecting its customers’ sensitive information.
What’s Next for Recorded Future?
Following the acquisition, Recorded Future will operate as an independent subsidiary within Mastercard’s group, with CEO and co-founder Christopher Ahlberg at the helm. The company will continue to provide its threat intelligence services to its clients, while also working closely with Mastercard to develop new cybersecurity solutions.
The Future of Cybersecurity
The acquisition of Recorded Future by Mastercard highlights the growing importance of cybersecurity in the digital age. As cyber threats continue to evolve and become more sophisticated, companies must invest in advanced cybersecurity solutions to protect their customers and their businesses.
The deal is also a testament to the increasing importance of threat intelligence in cybersecurity. By leveraging Recorded Future’s expertise in threat intelligence, Mastercard is well-positioned to stay ahead of the threat curve and provide its customers with enhanced protection against cyber attacks.
Conclusion
The acquisition of Recorded Future by Mastercard is a significant milestone in the cybersecurity industry. The deal underscores the importance of investing in advanced cybersecurity solutions and threat intelligence to protect against the growing threat of cyber attacks. As the cybersecurity landscape continues to evolve, deals like this will play a critical role in shaping the future of cybersecurity.
Keywords: Mastercard, Recorded Future, cybersecurity, threat intelligence, acquisition, cyber attacks, payment giant, data analysis, real-time intelligence, security services, large companies, threat detection, prevention, protection, sensitive information, digital age, advanced cybersecurity solutions, threat curve.
What are the implications of Mastercard’s acquisition of Recorded Future for the cybersecurity industry?
Mastercard Acquires Cybersecurity Company Recorded Future for SEK 27.5 Billion
In a significant move to enhance its cybersecurity capabilities, Mastercard has acquired Recorded Future, a leading cybersecurity company, for a staggering SEK 27.5 billion (approximately $3.1 billion). This acquisition marks a significant milestone in the cybersecurity landscape, and it’s essential to understand the implications of this deal on the industry as a whole.
The Cybersecurity Company Recorded Future is Sold to the Payment Giant Mastercard for SEK 27.5 Billion, Reports Dagens Industri.
Recorded Future, founded in 2009, has established itself as a prominent player in the cybersecurity space, providing real-time intelligence on known and unknown cyber threats to security services and large companies. The company’s expertise lies in analyzing vast amounts of data to identify potential security risks, helping organizations protect themselves from cyber attacks.
The deal, expected to close in the first quarter of next year, sees Mastercard acquiring 100% of Recorded Future’s shares from American venture capital company Insight Partners. Recorded Future will operate as an independent subsidiary within Mastercard’s group, ensuring the company’s ability to maintain its autonomous operations.
This is Recorded Future
Recorded Future, headquartered in Boston, USA, has around 1,000 employees, with approximately 150 based in Gothenburg, Sweden. The company has an annual turnover of over $300 million, solidifying its position as a leading cybersecurity firm.
Key Facts about Recorded Future:
Start year: 2009
Do: Cybersecurity company delivering intelligence on known and unknown cyber threats
Location: Headquarters in Boston, USA; Research and development office in Gothenburg
Employees: Approximately 1000
* Turnover: Over $300 million (2022)
How Will Mastercard’s Acquisition of Recorded Future Impact the Cybersecurity Landscape?
Mastercard’s acquisition of Recorded Future is a strategic move to strengthen its cybersecurity capabilities, particularly in the areas of threat intelligence and incident response. This deal is expected to have a significant impact on the cybersecurity landscape in several ways:
- Enhanced Threat Intelligence: Recorded Future’s expertise in real-time threat intelligence will enable Mastercard to provide its customers with more comprehensive security solutions, helping them stay ahead of emerging cyber threats.
- Improved Incident Response: The acquisition will allow Mastercard to offer more effective incident response services, leveraging Recorded Future’s expertise in detecting and responding to cyber attacks.
- Increased Investment in Cybersecurity: The deal demonstrates Mastercard’s commitment to investing in cybersecurity, which will likely lead to further innovation and development in the space.
- Consolidation in the Cybersecurity Market: The acquisition marks a trend of consolidation in the cybersecurity market, where larger companies are acquiring smaller ones to expand their capabilities and offerings.
Mastercard’s acquisition of Recorded Future is a significant development in the cybersecurity landscape, highlighting the importance of robust cybersecurity measures in today’s digital age. As the threat landscape continues to evolve, this deal is expected to drive innovation and growth in the cybersecurity market.
Keywords: Mastercard, Recorded Future, Cybersecurity, Acquisition, Threat Intelligence, Incident Response, Cyber Attacks, Payment Security, Data Analytics.
