Howden announced it has acquired the intellectual property assets of Cybeta, LLC, a cyber data and analytics provider.
Terms of the deal were not disclosed.
Howden said the acquisition enables the brokerage to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes.
Cybeta was founded in 2019 by a team of data science experts with experience in the U.S. Department of Defense and intelligence communities.
Former members of Cybeta’s team will join Howden, bringing deep expertise in proactive, expert-driven cyber threat intelligence and predictive analytics. The acquisition bolsters Howden’s U.S. cyber practice, launched at the start of the year.
Mike Parrish, CEO, Howden Americas, said: “We are investing aggressively in data, analytics, and cyber expertise, all aligned to clients’ most pressing concerns,” said Mike Parrish, Howden Americas CEO. “Cybeta technology adds to that triple threat, deepening our capability to deliver meaningful insights with the urgency clients feel when it comes to cyber risk.”
Topics
Mergers & Acquisitions
Cyber
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