Crossword Cybersecurity, a British cybersecurity and risk management company, has acquired threat intelligence provider Threat Status Limited for nearly $2 billion. The seller was private equity firm MXC Capital. The deal's valuation is nearly 5.25 times annual recurring revenue (ARR), the companies said.
This is technology M&A deal number 256 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.
A Closer Look at Threat Status
Threat Status of Fareham, England, develops:
- Trillion, a cloud0based software as a service (SaaS) platform for enterprise-level credential breach intelligence.
- Arc, a software platform that protects users of customer-facing applications from the threat of Account Takeovers.
MSSPs and MSPs can use Trillion to track, correlate and analyze stolen usernames and passwords and hunt for digital identities that could belong to their customers, Threat Status indicated.
Meanwhile, MSSPs and MSPs can use Arc to query access attempts to customer accounts using username and password pairs, the company said. In addition, they can use Intel to perform red-team exercises on behalf of their customers.
We're checking to see if or how the Threat Status partner program will evolve under Crossword's ownership.
What Does the Threat Status Acquisition Mean for Crossword?
Crossword, armed with Threat Status, gains more than 20 recurring revenue customers, CEO Tom Ilube said.
Ahead of the M&A deal, Crossword already offered:
- the Rizikon Assurance risk management platform;
- Nixer CyberML cyberattack detection; and
- Identiproof middleware and wallet technology.
Crossword also has cybersecurity consultants on staff who provide threat monitoring and other security services.
