Detection and response provider Darktrace has entered into an agreement to acquire Cybersprint, an attack surface management company, for EUR 47.5 million (USD 53.7 million). The transaction is expected to close on or around March 1.

Founded in 2015, Cybersprint provides continuous, real-time insights from an outside-in perspective to map and automate the discovery of assets across an organization’s attack surface. It also helps detect and eliminate threats such as ransomware and data leaks. The company’s Attack Surface Management (ASM) platform integrates into an organization’s existing processes to manage and monitor threats with customizable alerts and filters. The company currently has an employee headcount of between 40 and 50.

The transaction consideration will comprise 75% cash (USD 40.3 million) and 25% Darktrace equity (USD 13.4 million), implying a valuation of nearly 12.5x of Cyber Sprint’s annual recurring revenue (ARR) as of February 2022.

The acquisition will enhance Darktrace’s existing detection and response tools with external vulnerability data and complement its self-learning AI technology and inside visibility. It will also accelerate its debut into new segments such as proactive AI cybersecurity and provide it with a second European R&D center in the Netherlands, joining with Darktrace’s team of mathematicians and software engineers based in England.

In the summer of 2022, Cybersprint’s capability will be launched as a part of Darktrace’s Prevent product portfolio, underpinned by its attack path modeling technology, to address use cases such as supply chain security, M&A activities, and brand reputation.