US-based payment card services provider Mastercard has agreed to acquire threat intelligence firm Recorded Future from Insight Partners in a deal worth $2.65bn.
Recorded Future caters to more than 1,900 clients across 75 nations, including the governments of 45 countries and over 50% of the Fortune 100 companies.
The company provides real-time visibility into potential threats by analysing a wide range of data sources and delivering insights that empower its customers to proactively address risks.
By integrating AI and other advanced technologies, Recorded Future enhances Mastercard’s capabilities in identity protection, fraud prevention, real-time decision-making, and cybersecurity.
The partnership is expected to expand Mastercard’s threat intelligence services, benefiting its network of merchants and financial institutions.
Mastercard chief services officer Craig Vosburg said: “Recorded Future adds to how we deliver that greater peace of mind before, during and after the payment transaction.
“Together we will innovate faster, create smarter models and anticipate emerging threats before cyberattacks can take place – in payments and beyond.”
Both Mastercard and Recorded Future leverage AI to analyse billions of data points, identifying potential threats to safeguard individuals and businesses.
Combining their teams, technology, and expertise will enable the creation of stronger cybersecurity practices and drive greater synergies in intelligence.
Customers from both companies, including those in emerging sectors, will gain access to enhanced insights that drive product innovation and bolster intelligence and security. Additionally, Mastercard’s extensive global presence and diverse customer base create new growth opportunities for Recorded Future.
Recorded Future CEO Christopher Ahlberg said: “Fifteen years ago, we created Recorded Future with a simple goal to secure the world with intelligence.
“By joining Mastercard, we see an opportunity to help more businesses and governments determine the steps to realise their full potential – and to enable everyone to feel safer in their daily lives.”
The transaction is expected to close by the first quarter of 2025, pending regulatory review and the fulfilment of other customary closing conditions.
