Crowdsourced security provider Bugcrowd closed the acquisition of Informer, which provides external attack surface management (ASM) and continuous penetration testing. The transaction is expected to widen Bugcrowd’s ability to provide crowdsourced security to customers of all sizes, and in all industries, delivered through a flexible, data- and AI-driven SaaS platform.
By integrating Informer’s expertise and technology into its portfolio, Bugcrowd should further accelerate its reach and capabilities to customers on a global scale, adding advanced solutions to address proactive security need.
“I am excited to welcome Informer to the Bugcrowd team,” said Dave Gerry, CEO, Bugcrowd. “This marks the first acquisition following our $102 million fundraise and underscores our dedication to ongoing growth and innovation. Our mission is to develop a platform that anticipates and predicts cyber risks. By nurturing a trusted community built on the collective ingenuity of organizations, hackers and security professionals, we aim to mitigate risk across all applications, systems and infrastructure. We are committed to evolving both organically and through acquisition, and we will continue to deliver the best possible experience to our customers. I am confident that this addition to the Bugcrowd Team and platform will greatly benefit our customers, employees and shareholders.”
ASM is a critical aspect of modern security-minded organizations’ overall cybersecurity strategy, involving the identifying, assessing and monitoring of potential vulnerabilities and threats that exist in an organization’s external-facing systems, applications and networks.
Informer’s scalable external ASM software harnesses the power of continuous asset discovery and integrated expert penetration testing. The company provides security and IT leaders with business-critical security insights to monitor and reduce cyber risk.
“By joining forces with Bugcrowd, Informer’s exceptional team and innovation in attack surface management and PTaaS will continue to disrupt the traditional penetration testing market, giving us a competitive edge in the crowdsourced security industry,” said Marios Kyriacou, the CEO of Informer.
“Informer’s ASM SaaS platform and penetration testing capabilities will further enhance Bugcrowd’s AI-powered crowdsourced security platform,” said Tanya Gay, COO, Bugcrowd. “Informer’s customers will continue to have access to Informer’s platform and products without service disruption. Our combined world-class portfolio of offerings will be fully integrated by Q3 and available globally to further support both of our customers’ continual threat and exposure management programs.
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