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Datavault AI buys CyberCatch in $94.5M all-cash deal
The acquisition adds quantum-resistant compliance and post-quantum encryption IP ahead of Datavault AI earnings, following a roughly 20% jump in its shares on heavy trading.
Datavault AI agreed to acquire continuous compliance provider CyberCatch in an all-cash transaction valued at about $94.5 million, according to MarketBeat Ratings. The deal is positioned to strengthen the company’s data governance and automated cybersecurity compliance capabilities as enterprise AI adoption expands data governance needs.
The purchase is structured as cash for CyberCatch, with Datavault AI absorbing a patented, AI-enabled penetration testing platform into its Quantum Private Network, MarketBeat Ratings reported. Datavault AI also said the acquisition secures MARS-MABE, a multi-authority attribute-based encryption technology designed for the post-quantum era.
MarketBeat Ratings said Datavault AI shares jumped roughly 20% immediately after the announcement, on about three times average volume and trading that exceeded 141 million shares.
With Datavault AI’s next earnings approaching, the company’s integration of CyberCatch’s security IP is expected to support a shift in its security offerings, MarketBeat Ratings added.