ExtraHop announced Tuesday it has entered into a definitive agreement to be acquired by the private equity firms Bain Capital Private Equity and Crosspoint Capital Partners for $900 million.
“We believe that network detection and response is the next major cybersecurity segment and that ExtraHop has the best enterprise technology in the space,” says David Humphrey, a managing director at Bain Capital Private Equity.
The transaction is expected to close in the summer of 2021 and is subject to customary closing conditions, including receipt of regulatory approvals.
A breakdown of how Bain Capital and Cross Point and the remaining investors will share ExtraHop was not released.
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