M&A Deal Summary

MasterCard Acquires Recorded Future

On September 12, 2024, MasterCard acquired information technology company Recorded Future from Insight Partners and Monroe Capital for 2.7B USD

Acquisition Highlights
  • This is MasterCard’s 10th transaction in the Information Technology sector.
  • This is MasterCard’s 2nd largest (disclosed) transaction.
  • This is MasterCard’s 16th transaction in the United States.
  • This is MasterCard’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2024-09-12
Target Recorded Future
Sector Information Technology
Buyer(s) MasterCard
Sellers(s) Insight Partners
Monroe Capital
Deal Type Add-on Acquisition
Deal Value 2.7B USD

Target

Recorded Future

Somerville, Massachusetts, United States
Recorded Future is a technology that collects and analyzes vast amounts of data to deliver relevant cyber threat insights in real time. Recorded Future solution aggregates this rich intelligence with any other threat data sources, empowering security teams to collaborate on analysis and delivering intelligence wherever need it most, including rapid integration with existing security solutions. Recorded Future was founded in 2009 and is based in Somerville, Massachusetts.

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Buyer(S) 1

Buyer

MasterCard

Purchase, New York, United States
Category Company
Founded 1966
Sector Financial Services
Employees33,400
Revenue 25.1B USD (2023)
DESCRIPTION

MasterCard is a payments solutions company that provides a family of well-known, widely-accepted payment card brands including MasterCard, Maestro and Cirrus and serves consumers, financial institutions, and businesses in over 210 countries and territories worldwide. MasterCard was founded in 1966 and is based in Purchase, New York.

DEAL STATS #
Overall 28 of 28
Sector (Information Technology) 10 of 10
Type (Add-on Acquisition) 23 of 23
State (Massachusetts) 2 of 2
Country (United States) 16 of 16
Year (2024) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 Baffin Bay Networks

Stockholm, Sweden

Baffin Bay Networks is a cyber technology company. Baffin Bay Networks’ cloud-based Threat Protection Platform delivers a simple and effective way to mitigate both application and network level attacks - giving customers instant security maturity from seasoned industry experts. Baffin Bay Networks was founded in 2017 and is based in Stockholm, Sweden.

Buy -

Seller(S) 2

SELLER

Insight Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 38 of 40
Sector (Information Technology) 7 of 7
Type (Add-on Acquisition) 8 of 10
State (Massachusetts) 5 of 5
Country (United States) 31 of 33
Year (2024) 3 of 5
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 AMCS

Limerick, Ireland

AMCS supplies integrated software and vehicle technology for the waste, recycling, and material resources industries. AMCS Platform is a suite of best-in-class SaaS solutions that includes industry-specific enterprise management software, intelligent optimization, mobile workforce, vehicle technology, digital engagement, and analytics solutions, which delivers digital innovation to the emerging circular economy worldwide. AMCS was founded in 2003 and is based in Limerick, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 LiveAction

Palo Alto, California, United States

LiveAction, is a provider of enterprise IT network visibility software platform. LiveAction was founded in 2007 and is based in Palo Alto, California.

Sell -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 53 of 53
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 27 of 27
State (Massachusetts) 4 of 4
Country (United States) 53 of 53
Year (2024) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 Georgia Water & Fire Restoration

Cumming, Georgia, United States

Georgia Water & Fire Restoration provides water, fire, storm, and construction recovery for commercial facilities and residential homes in Greater Atlanta. Georgia Water & Fire Restoration was formed in 1989 and is based in Cumming, Georgia.

Buy -
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