Security News > 2021 > March > Recorded Future Buys Fraud Analytics Startup Gemini Advisory
Threat intelligence data broker Recorded Future has acquired fraud analytics startup Gemini Advisory as part of a strategic push to expand into the financial services and payment processing markets.
Recorded Future expects the Gemini Advisory deal to provide tools and expertise to sell the "Most comprehensive intelligence platform" with "The visibility to act at the speed of the adversary to mitigate cyber risk and fraud."
Upon acquisition, Gemini Advisory will operate as an independent business unit inside of Recorded Future.
Gemini Advisory is the brainchild of former FBI consultant Andrei Barysevi, who left Recorded Future three years ago to create the new company.
"In a short time, Gemini Advisory has become a leader in the fraud space with unique offerings in both payment card intelligence and merchant fraud intelligence," said Recorded Future CEO Christopher Ahlberg.
Recorded Future itself was acquired by private equity firm Insight Partners for $780 million in a cash deal announced in May 2019.