One of the leading providers of crowdsourced security, Bugcrowd, has announced the acquisition of Informer, a provider of external attack surface management (ASM).

Bugcrowd says this acquisition widens its lead in providing crowdsourced security to customers of all sizes and in all industries, delivered through an AI-driven SaaS platform.

By integrating Informer’s expertise and technologies into its portfolio, Bugcrowd will further accelerate its reach and capabilities to customers globally with even more advanced solutions to address their evolving needs for proactive security. 

Ongoing growth and innovation

“I am excited to welcome Informer to the Bugcrowd team,” said Dave Gerry, CEO, Bugcrowd.

“This marks the first acquisition following our $102 million fundraise and underscores our dedication to ongoing growth and innovation.

“Our mission is to develop a platform that anticipates and predicts cyber risks.

“By nurturing a trusted community built on the collective ingenuity of organisations, hackers and security professionals, we aim to mitigate risk across all applications, systems and infrastructure.

“We are committed to evolving both organically and through acquisition and we will continue to deliver the best possible experience to our customers.

“I am confident that this addition to the Bugcrowd Team and platform will greatly benefit our customers, employees and shareholders.”

ASM is a critical aspect of modern security-minded organisations’ overall cybersecurity strategy, involving the identifying, assessing and continuous monitoring of potential vulnerabilities and threats that exist in an organisation’s external-facing systems, applications and networks.

Founded in 2014, UK-based Informer’s scalable external ASM software harnesses the power of continuous asset discovery and integrated expert penetration testing.

The company provides security and IT leaders with business-critical security insights to monitor and reduce cyber risk.

This new combination enables Bugcrowd to expand its footprint in the growing ASM market – $3.3 billion by 2029 at a (CAGR) of 29%.

A competitive edge

“By joining forces with Bugcrowd, Informer’s exceptional team and innovation in Attack Surface Management and PTaaS will continue to disrupt the traditional penetration testing market, giving us a competitive edge in the crowdsourced security industry,” said Marios Kyriacou, CEO of Informer.

More Security News