Darktrace acquires Cybersprint in €47.5 million deal

Darktrace acquires Cybersprint in €47.5 million deal-01

Darktrace has announced that they have acquired Cybersprint for € 47.5 million. Under the terms of the agreement, Darktrace will pay 47.5 million euros ($ 53.7m), 75% of which will be funded, and 25% will be transferred equally.

The agreed purchase price Is approximately 12.5 times the ongoing annual Cybersprint (ARR) revenue.

According to Darktrace, the acquisition will accelerate the company’s market entry into new areas such as AI cybersecurity in operation.

Read More: https://www.zdnet.com/article/darktrace-acquires-attack-surface-analytics-firm-cybersprint/

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