Threat Intelligence Firm Recorded Future Buys Company Started by Former Employee in $52 Million Deal
Threat intelligence data broker Recorded Future has acquired fraud analytics startup Gemini Advisory as part of a strategic push to expand into the financial services and payment processing markets.
The cash and stock deal is valued at $52 million and comes less than a year after Recorded Future was itself acquired in a $780 million transaction.
Recorded Future expects the Gemini Advisory deal to provide tools and expertise to sell the “most comprehensive intelligence platform” with “the visibility to act at the speed of the adversary to mitigate cyber risk and fraud.”
Upon acquisition, Gemini Advisory will operate as an independent business unit inside of Recorded Future.
Gemini Advisory is the brainchild of former FBI consultant Andrei Barysevi, who left Recorded Future three years ago to create the new company.
“In a short time, Gemini Advisory has become a leader in the fraud space with unique offerings in both payment card intelligence and merchant fraud intelligence,” said Recorded Future CEO Christopher Ahlberg.
“As we continue to execute on our mission to deliver a modular intelligence platform, joining forces with Gemini Advisory expands the value we deliver for customers across enterprise security and fraud,” he added.
Recorded Future itself was acquired by private equity firm Insight Partners for $780 million in a cash deal announced in May 2019.
Related: Recorded Future Acquired for $780M
Related: Recorded Future Adds Third-Party Risk to Threat Intel Platform
More from SecurityWeek News
- Threat Hunting Summit Virtual Event NOW LIVE
- Video: ESG – CISO’s Guide to an Emerging Risk Cornerstone
- Threat Modeling Firm IriusRisk Raises $29 Million
- SentinelOne Announces $100 Million Venture Fund
- Today: 2022 CISO Forum Virtual Event
- Cymulate Closes $70M Series D Funding Round
- SecurityWeek to Host CISO Forum Virtually September 13-14, 2022: Registration is Open
- Privilege Escalation Flaw Haunts VMware Tools
Latest News
- Big China Spy Balloon Moving East Over US, Pentagon Says
- Former Ubiquiti Employee Who Posed as Hacker Pleads Guilty
- Cyber Insights 2023: Venture Capital
- Atlassian Warns of Critical Jira Service Management Vulnerability
- High-Severity Privilege Escalation Vulnerability Patched in VMware Workstation
- Exploitation of Oracle E-Business Suite Vulnerability Starts After PoC Publication
- China Says It’s Looking Into Report of Spy Balloon Over US
- GoAnywhere MFT Users Warned of Zero-Day Exploit
