Dataminr to buy Arlington cybersecurity firm for $290M

New York-based artificial intelligence software company Dataminr announced Tuesday it plans to acquire Arlington County-based cybersecurity firm ThreatConnect in a deal valued at $290 million.

Founded in 2009, Datamir uses AI to detect and classify cyber threats. ThreatConnect, founded in 2011, is also focused on helping clients analyze and respond to cybersecurity threats.

With the merger, Dataminr plans to fuse its AI platform for public data with ThreatConnect’s internal data capabilities. Dataminr’s AI Agents will assess both internal and external data to deliver real-time cyber intelligence for customers.

“The future of Dataminr’s real-time intelligence will be more relevant and actionable than ever before — enabling our clients to not just understand what is happening, but what it means to them, and how they should respond,” said Dataminr CEO and Founder Ted Bailey in a statement, adding that he was “thrilled” to merge Dataminr and ThreatConnect.

ThreatConnect has about 250 major enterprise and government organizations as clients, including one-third of the Fortune 50, according to the company. It has a team of 170 employees. Dataminr says that its clients include more than 100 U.S. government agencies, over 20 international governments and half of the Fortune 100.

The companies, which did not immediately return requests for additional information, did not provide a time frame for when the deal is expected to close or any other details about the merger.

“ThreatConnect has spent years helping enterprises and government cyberdefense organizations bring order to vast amounts of threat and risk intelligence,” ThreatConnect CEO Balaji Yelamanchili said in a statement. “The world’s leading enterprises rely on our platform to bring context, prioritization, speed and precision to cyberdefense. We are thrilled to join forces with Dataminr and combine our powerful platforms, creating new ways to deliver client-tailored intelligence and greater value to customers around the world.”

Dataminr says existing ThreatConnect customers can expect continued support and development. The company said that, over time, both ThreatConnect’s and Dataminr’s Pulse for Cyber Risk customers will be offered enhancements that combine the two products’ capabilities.