Recorded Future, a provider of intelligence for enterprise security, has agreed to acquire fraud analytics provider, Gemini Advisory, in a cash and equity transaction valued at $52 million. Together, Recorded Future and Gemini Advisory will offer organizations a comprehensive intelligence platform, giving organizations a critical edge with the visibility to act at the speed of the adversary to mitigate cyber risk and fraud.
The acquisition accelerates Recorded Future’s growth into the fraud analytics market. Upon acquisition, Gemini Advisory will operate as an independent business unit inside of Recorded Future, and will continue to maintain and support its technical capacities and global client base.
“In a short time, Gemini Advisory has become a leader in the fraud space with unique offerings in both payment card intelligence and merchant fraud intelligence. As we continue to execute on our mission to deliver a modular intelligence platform, joining forces with Gemini Advisory expands the value we deliver for customers across enterprise security and fraud.” said Christopher Ahlberg, CEO and Co-Founder, Recorded Future
“Gemini Advisory was able to take the market leader position for fraud intelligence because of the unparalleled expertise of our team, having spent years in undercover operations, and our novel approach to fraud detection and prevention. Recorded Future mirrors this approach across other cybersecurity solution areas, with intelligence at the foundation of both of our businesses. This common core is what makes a partnership with Recorded Future the right next step in our evolution.” added Andrei Barysevich, CEO and co-founder, Gemini Advisory.