John Patterson and Alexander Aber of Foley Hoag LLP provided legal counsel to Recorded Future. Willkie Farr & Gallagher LLP provided legal counsel to Insight Partners.
Insight Partners has agreed to acquire a controlling interest in Recorded Future, in addition to the minority stake in the company previously owned by Insight. The all-cash transaction values Recorded Future at more than $780 million and will accelerate the next phase of the company’s global growth and expansion. Recorded Future will leverage Insight’s deep experience and internal consulting arm, Insight Onsite, to further its technical and product vision through a range of growth-oriented activities.
Recorded Future is the largest privately-held threat intelligence software company in the world, with more than 400 clients and adding hundreds of new clients every year across all geographies and sectors onto its unique SaaS platform. Recorded Future has seen tremendous organic growth over the last 10 years as the threat intelligence market has continued to expand rapidly, with a direct impact on adjacent categories such as Security Operations, Vulnerability Management and Third-Party Risk.
Globally, organizations of all sizes invest billions of dollars annually to enable effective security controls and operations in these areas, and Recorded Future is uniquely positioned to capitalize on an array of opportunities. Recorded Future empowers its clients through the supplying and consumption of its intelligence at a near-equal rate across its web-based browser portal for human-based analysis, and its API for machine-based enrichment and action in its security workflows.
Willkie advised Insight on the transaction with a team including Matthew Guercio (Picture), Stephanie Moran and Ian Morganelli.
Foley Hoag LLP represented Recorded Future with a team including John Patterson and Alex Aber.
Involved fees earner: Alexander Aber – Foley Hoag; John Patterson Jr. – Foley Hoag; Matthew Guercio – Willkie Farr & Gallagher; Stephanie Moran – Willkie Farr & Gallagher; Ian Morganelli – Willkie Farr & Gallagher;