Flashpoint
Who They Are
A threat-intelligence company that publishes its own reasoning for an acquisition, which is rare and worth reading before any comparable meeting.
Flashpoint combines human-led data collection with software to help organizations protect people, places and assets, and publishes its scale on its own about page: more than three and a half petabytes of data collected, more than eight hundred customers including twenty of the largest North American financial institutions, six of the seven largest global technology companies, more than fifty allied governments and six of the Fortune 10, with a team across eight countries speaking more than thirty-five languages.
Its post explaining the Echosec purchase is signed by its own chief executive and gives three reasons in order: the platform's usability, the target's posture on privacy and data-subject security, and mission alignment. A searcher selling into a buyer of this kind should expect diligence on where the data comes from and what the platform's terms permit, not only on recurring revenue, because the second of those three reasons is the one that kills deals in this category.
Search-Fund Companies They Bought
- Echosec Systems · 2022
Jeff Oldenburg raised The Tusker Fund and used the search fund model to acquire Echosec Systems, a Victoria open-source-intelligence software company, then ran it as chief executive. Flashpoint bought it in August 2022 for its social and geospatial collection, and Oldenburg's own investor profile puts the return to his investors at a 97.5% internal rate. [1][2]