Private Equity Firm Shells Out $780 Million for Recorded Future
Insight is a global capital and private equity firm investing in technology and software companies. Recorded Future said it will leverage Insight’s experience and internal consulting arm, Insight Onsite, to further its technical and product vision through a range of growth-oriented activities.
Insight previously owned a minority stake in Recorded Future.
Recorded Future claims to be 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.
“My leadership team and I have had the privilege to work with Mike Triplett and the Insight team for a number of years, benefiting from their sage advice, industry knowledge and relationships,” said Christopher Ahlberg, Recorded Future’s co-founder and CEO. “This evolution of our relationship will allow Recorded Future to better serve its current and future clients as we tap into the full potential of our technical road map and position our software to truly answer some of the most difficult and unique intelligence challenges faced by our community.”
Triplett, Insight’s managing director, said Recorded Future envisions “a world where everyone applies intelligence at speed and scale to reduce risk, remaining hyperfocused 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. We are thrilled to partner with Recorded Future on this next stage of growth and look forward to what’s to come.”
Ahlberg said with the acquisition this is a “truly exciting time” for Recorded Future’s employees, clients and partners.
“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,” he said.
Pursuant to the terms of this investment, Triplett and Thomas Krane, Insight’s vice president, will join Recorded Future‘s board of directors.