Insight Proves There Are Still Home-Run Deals in Cybersecurity

For cybersecurity investors rattled by a year filled with valuation haircuts for high-priced cybersecurity companies, Thursday offered a glimmer of hope that home-run deals are still possible in the sector.

Mastercard announced that it will acquire threat intelligence startup Recorded Future for $2.65 billion from private equity and venture capital firm Insight Partners. Insight had acquired it for $780 million in 2019, notching a 3.3 times return on investment for the private equity firm.