Insight Partners has agreed to acquire a controlling interest in Recorded Future. The all-cash transaction values Recorded Future at more than $780 million and will accelerate the next phase of the company’s global growth and expansion.
Today, Recorded Future is the largest privately-held threat intelligence software company in the world, with more than 400 clients and adding hundreds of new clients every year across all geographies and sectors onto its SaaS platform.
The company has seen tremendous organic growth over the last 10 years as the threat intelligence market has continued to expand rapidly, with a direct impact on adjacent categories such as security operations, vulnerability management and third-party risk.
“Insight’s renewed investment is a testament to the vision and direction laid out by Recorded Future’s leadership team. They envision a world where everyone applies intelligence at speed and scale to reduce risk, remaining hyper-focused on providing clients with the threat intelligence necessary to understand their environments, manage risk, and combat malicious actors through contemporary awareness gained from the implementation of a threat intelligence-led security strategy,” said Mike Triplett, managing director at Insight.
According Christopher Ahlberg, co-founder and CEO of Recorded Future, “This is a truly exciting time for the Recorded Future family of employees, clients, and partners. I am particularly grateful to the exceptional women and men who have worked tirelessly and with so much self-sacrifice for many years to build the amazing company and solution that we have today. The renewed investment in Recorded Future by Insight validates our hard work. This partnership lays the foundation to take our products and software to the next level to best serve our clients, changing the face of our industry as we drive an intelligence-led strategy to help reduce risk and enable business operations for clients around the globe. The best is still to come for our company and our clients, and it is going to be an awesome ride as we build upon our joint successes!”
“As a market leader, Recorded Future provides its services to the greatest number of large enterprises of any industry competitor, offering the best customer care and highest Net Promoter Score,” said Insight Vice President Thomas Krane. “By doubling down on this long-term partnership, Insight looks forward to continuing our work in a high-growth market with this strong team of leaders — an asset that is core to our DNA at Insight.”
Pursuant to the terms of this investment, Insight’s Mike Triplett and Thomas Krane will join Recorded Future’s board of directors. Chris Pasko and Ivan Brockman of PJT Partners served as advisors for Recorded Future.