Insight Venture Management LLC, also known as Insight Partners, is purchasing threat intelligence company Recorded Future Inc. for more than $780 million in an all-cash deal.
The private equity firm, which targets technology and software companies, previously held a minority stake in the company. It expects the deal to advance Recorded Future's global growth and expansion.
Insight Managing Director Mike Triplett and Vice President Thomas Krane will join Recorded Future's board.
PJT Partners was adviser to Recorded Future, while Foley Hoag LLP provided legal counsel to the company. Willkie Farr & Gallagher LLP was legal adviser to Insight.