Searchlight Cyber has acquired Intangic, a technology platform specializing in cyber risk pricing and assurance, for an undisclosed amount. This corporate acquisition sees Searchlight Cyber integrating Intangic’s unique capabilities into its operations, marking a significant expansion in its service offerings within the cybersecurity landscape.
Intangic developed a sophisticated platform designed for captive owners, enabling them to instantly price cyber risk, gain assurance on actual risk intensity, and achieve better financial outcomes through informed risk management. The company's leadership team includes Founder and CEO Ryan Dodd, alongside Chris Key, former Chief Product Officer at Mandiant, whose experience in threat intelligence is notable. Intangic’s methodology for validating and pricing cyber risk has been recognized and validated by the insurance industry.
The acquisition is strategically significant for Searchlight Cyber. By incorporating Intangic’s expertise in quantifying and managing cyber financial risk, Searchlight Cyber stands to broaden its portfolio beyond its existing cybersecurity solutions. This move allows Searchlight to offer customers a more comprehensive approach to cyber resilience, blending proactive security measures with advanced financial risk assessment and management tools, particularly appealing to sectors like captive insurance.
Expected synergies include the combination of Searchlight Cyber’s existing cybersecurity intelligence with Intangic’s analytical risk pricing engine. This integration is anticipated to provide customers with enhanced insights into their cyber exposure, facilitating more precise decision-making and potentially leading to more favorable insurance outcomes. The combined entity aims to deliver a more holistic and financially astute cybersecurity offering to a wider market, empowering organizations to manage their digital risks more effectively in an evolving threat landscape.