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.

Read more/Source: Bank Info Security