Global payments technology company Mastercard (NYSE: MA) is to acquire RiskRecon, a Salt Lake City, Utah-based provider of artificial intelligence and data analytics solutions to support companies in protecting their cyber systems and infrastructure.
The amount of the deal – which is anticipated to close in the first quarter of 2020, subject to customary closing conditions, was not disclosed.
With the acquisition, Mastercard will enhance its cybersecurity capabilities.
Led by Kelly White, chief executive officer and co-founder, and Eric Blatte, President and co-founder, RiskRecon provides a SaaS platform that enables organizations to manage the risk reality of interconnected IT ecosystems by delivering comprehensive and actionable security performance measurements. Using proprietary data gathering techniques, the company creates a 360-degree risk profile of an enterprise’s public IT footprint. Based on that footprint and a detailed analysis, a rating and report is generated providing actionable information with context.
In addition to supporting Mastercard solutions, RiskRecon will continue to provide cyber security solutions across a broader set of industries, including healthcare and manufacturing.