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Key Points:
- Mastercard is buying Recorded Future for $2.65 billion
- The deal aims to boost Mastercard’s cybersecurity capabilities
- Recorded Future serves about 1,900 clients in 75 countries
- The purchase is expected to close in early 2025
Mastercard is making a big move in the cybersecurity world. They’re buying Recorded Future, a company that helps businesses and governments stay safe online. This deal is costing Mastercard $2.65 billion.
Recorded Future is based in Boston and works with clients all over the world. They help about 1,900 businesses and government groups in 75 countries keep their data safe.
Mastercard and Recorded Future aren’t strangers. They’ve been working together on a cool AI tool that tells banks when a credit or debit card might be in trouble. This team-up has been really good at spotting problems.
The deal isn’t done yet. It still needs to be checked by regulators and meet some other conditions. If all goes well, everything should be wrapped up by early 2025.
Cybersecurity is super important these days, especially for companies that deal with money and payments. Bad guys are always trying to steal info or trick people online.
Mastercard knows this, and that’s why they’re serious about keeping everyone’s information safe.
Mastercard doesn’t just use cybersecurity for its own stuff. They also sell these services to other companies, like banks and tech startups that work with money. Experts think buying Recorded Future will make Mastercard even better at this.
This isn’t the first time Mastercard has bought a cybersecurity company. They’ve done it a few times before.
Last year, they bought a company called Baffin Bay. Before that, they got RiskRecon in 2019 and Brighterion in 2017. All these purchases help Mastercard get better at using AI for cybersecurity.
Recorded Future is pretty valuable. When another company bought it in 2019, it was worth $780 million. Now Mastercard is paying way more than that. Recorded Future makes about $300 million a year and has 1,000 employees.
The boss of Recorded Future, Christopher Ahlberg, started the company back in 2007. He says they’ll still be independent, even though Mastercard is buying them. They’ll just be a part of the bigger Mastercard family.
Mastercard’s plan is to use all the cool stuff Recorded Future does to make their cybersecurity even stronger. They want to spot potential cyber attacks before they happen, keeping everyone’s money and info safe.