Bain Capital Private Equity and Crosspoint Capital Partners have completed the acquisition of ExtraHop, a network detection and response system provider, in a deal that values the target at $900 million.

“The cybersecurity market is seeing an incredible amount of innovation, and for good reason. With advanced threats like supply chain attacks and ransomware on the rise, the time to invest in accelerating this innovation is now,” says Greg Clark, managing partner at Crosspoint Capital. “ExtraHop is poised to be one of the revolutionary great companies in this next era of cyber.”

“We are excited to invest behind ExtraHop as a true leader in the next big segment in cybersecurity—network detection and response—which organizations increasingly require to respond to today’s escalating threats proactively,” adds David Humphrey, a managing director at Bain Capital.

Qatalyst Partners served as the financial advisor to ExtraHop, and Wilson Sonsini served as legal counsel. Morgan Stanley & CO. served as the financial advisor to Bain Capital and Crosspoint Capital, and Ropes & Gray LLP served as legal counsel. PwC served as accounting advisor to Bain Capital.