UK cybersecurity company Darktrace has acquired Cybersprint for €47.5 million.

Cybersprint, based in The Hague in the Netherlands, provides attack surface management solutions.

The Cambridge-based cybersecurity firm said it will integrate Cybersprint’s offering with its own detection and response products.

The news comes after Darktrace hit a valuation of £1.7 billion after its Initial Public Offering (IPO) on the London Stock Exchange in April 2021.

The deal will give Darktrace a second European R&D Centre located in The Hague.

The acquisition is set to close on 1 March and will be split between 75 per cent in cash and 25 per cent in equity.

“We are very excited to welcome the Cybersprint team to Darktrace,” said Poppy Gustafsson, chief executive at Darktrace. “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.”

She added: “With this acquisition, we are able to leverage Cybersprint’s seven years of R&D to accelerate our Prevent product family, ultimately making it much harder for cyber-attackers to carry out successful missions.”

Pieter Jansen, chief executive at Cybersprint: “I’m very excited about this fantastic step in the journey of Cybersprint.”

“We are passionate about automating manual tasks in cybersecurity from an outside perspective. 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.”

He added: “That’s why we are looking forward to joining Darktrace and working together to accelerate state-of-the-art innovations to make organisations more cyber secure.”

Share Story: