SecurityScorecard has acquired digital forensics and incident response services provider LIFARS for an undisclosed sum. Financial terms of the deal were not disclosed.
This is technology M&A deal number 168 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021, and 2020 listed here.
What Does the LIFARS Acquisition Mean for SecurityScorecard?
More than 50 LIFARS employees will join SecurityScorecard's global workforce, the companies stated. Those employees will operate as a new Digital Forensics and Incident Response (DFIR) practice within SecurityScorecard's Professional Services group; LIFARS CEO Ondrej Krehel will lead the new DFIR practice.
LIFARS complements SecurityScorecard's capabilities in cybersecurity ratings, data and assessments, the companies noted. It allows SecurityScorecard to provide a 360-degree approach to security prevention and response to its worldwide customers and partners.
Furthermore, SecurityScorecard and LIFARS offer combined insights and services to help their joint customers identify and manage cyber risks, the companies noted. They also allow these customers to access in-house threat intelligence, data collection and more post-breach response capabilities.
SecurityScorecard: Potential IPO
SecurityScorecard is "marching toward" an IPO (initial public offering), CEO Aleksandr Yampolskiy said in January 2022. The LIFARS acquisition could support SecurityScorecard's growth efforts as it looks to go public.
Meanwhile, SecurityScorecard recorded an increase of 116 percent in net customer retention and international sales growth of more than 100 percent in 2021. SecurityScorecard also raised $180 million in a Series E financing round in March 2021 to bring its total funding to $290 million.
SecurityScorecard has created cybersecurity ratings for more than 12 million companies. It offers cybersecurity ratings technology used by over 30,000 organizations for risk management, cyber insurance underwriting and regulatory oversight.
