• Crossword Cybersecurity, a cybersecurity consulting and risk management services provider, has acquired threat intelligence company Threat Status for nearly USD 2 million (GBP 1.53 million), comprising an initial payment of USD 651,636 (GBP 500,210) in cash. The consideration represents an annual recurring revenue (ARR) multiple of 5.25.

• Founded in 2017, Threat Status Ltd. (“Threat Status”) provides credential leak monitoring services and breach intelligence through its subscription-based SaaS platform Trillion. The company also protects users against account takeovers through its Arc platform. Threat Status platform helps to monitor data (usernames, passwords, etc.) that has been stolen and shared across criminal forums and on the dark web, potentially harming an organization’s security posture. For the 12 months ending March 2021, Threat Status recorded a loss of USD 71,473 (GBP 54,864) and comprised net assets worth USD 98,468 (GBP 75,586). The company is also reaching breakeven, with 90% ARR.

• Crossword Cybersecurity will add more than 20 new recurring revenue clients from Threat Status while integrating Trillion and Arc into its existing product portfolio comprising cybersecurity consulting and managed services offerings. This will give it a total of five products by the end of 2022.

• Founded in 2014, Crossword Cybersecurity provides cybersecurity consulting and risk management services. The company provides cyber risk analysis and third-party assurance through Rizikon Assurance that detects potential vulnerabilities across an organization’s supply chain. The company also offers protection against credential stuffing attacks through its Nixer Cyber ML product and Identiproof zero trust verifiable credentials.

<ul><li> Analyst QuickTake: The acquisition marks Crossword Cybersecurity’s third acquisition in less than a year with the most recent acquisition being that of the threat intelligence and monitoring startup Stega for nearly USD 2.5 million (GBP 1.8 million) in August 2021.</ul>