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Mastercard acquires threat intelligence company Recorded Future to strengthen cybersecurity services

Sep 12, 2024•10 months ago

Acquiring Company

Mastercard

Acquired Company

Recorded Future

PurchaseSomervilleBusiness Consulting and ServicesFinancial ServicesInternet ServicesData And AnalyticsInformation TechnologySoftware

Description

Mastercard has expanded its cybersecurity services with the acquisition of threat intelligence company Recorded Future. The acquisition aims to bolster the insights and intelligence used to secure today’s digital economy, reinforcing the trust and security in Mastercard’s services and bringing expanded threat intelligence capabilities to its network of merchants and financial institutions.

Company Information

Company

Mastercard

Location

Purchase, New York, United States

About

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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