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Swedish-founded company sold for 27.5 billion kronor

» Published: 13 September 2024

Swedish-founded company sold for 27.5 billion kronor
Photo: Mark Lennihan

The cybersecurity company Recorded Future is being sold to payment giant Mastercard for 27.5 billion kronor, reports Dagens industri.

The seller is the American venture capital firm Insight Partners, and the deal is expected to close during the first quarter of next year.

CEO and co-founder Christopher Ahlberg, who is currently based in the USA, confirms in an email to DI that Mastercard is buying 100 percent of the company's shares. Recorded Future will become an independent subsidiary within Mastercard's group, he states.

The company was founded in 2009 in the USA and has its headquarters in Boston. It has around 1,000 employees, of which about 150 are in Gothenburg, writes Göteborgs-Posten.

The company has an annual turnover of over 300 million dollars, equivalent to 3.1 billion kronor.

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By TTThis article has been altered and translated by Sweden Herald

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