Mastercard to acquire RiskRecon

Mastercard has announced its acquisition of RiskRecon, a startup that uses publicly available data to build security assessments of organizations.

The purchase price has not yet been disclosed.

RiskRecon will give customers an objective score of a company’s risk profile. RiskRecon CEO Kelly White told in a 2016 interview after the company’s $3 million seed round that the company looks at information that is readily available on the internet and puts it together to measure a company’s overall security risk.

RiskRecon leverages information that is available on the web from companies operating there as part of the act of doing business. White sees joining Mastercard as an opportunity to be a part of a larger organization and all that that entails.

RiskRecon launched in 2015 and has raised $40 million. Its investors included Accel, Dell Technologies Capital, General Catalyst and F-Prime Capital.

The deal is subject to standard regulatory approval, but is expected to close in the first quarter in 2020.