In July 2021, ExtraHop Networks was acquired by Bain Capital and Crosspoint Capital Partners for $900 million. The acquisition was a significant milestone for ExtraHop, as it marked a successful exit, underscoring the company's efforts to provide a real-time stream processing sensor and SaaS Cybersecurity product for hybrid cloud enterprises.
Bain Capital and Crosspoint Capital Partners Buy ExtraHop Networks
Two private-equity firms are buying cybersecurity company ExtraHop Networks Inc. for $900 million, as a series of recent high-profile ransomware attacks have put cybersecurity risk back in the spotlight. Bain Capital Private Equity and Crosspoint Capital Partners have agreed to acquire ExtraHop, which provides network detection and response services, including combating ransomware attacks, according to ExtraHop Chief Executive Arif Kareem.
ExtraHop's sensor transforms unstructured network packets into structured wire data at line rate, and helps to secure the networks of its customers around the world. As a member of the Data Science team, we played a key role in ideating, architecting, deploying, and delivering a SaaS NDR solution to support this effort. The acquisition by Bain Capital and Crosspoint Capital Partners recognizes the value of ExtraHop's technology and expertise in the cybersecurity space.
The acquisition will also provide ExtraHop with additional resources and expertise to continue growing and improving its offerings. This will enable the company to better serve its customers and expand its reach in the cybersecurity market. Overall, the acquisition is a positive development for ExtraHop, its employees, and its customers.