One Of The World's Largest Investment Management Firms Signs Major Contract With Darktrace

Rhea-AI Summary

Darktrace announces a significant contract with a major US investment management firm, projected to generate over $1 million in revenue over multiple years. This follows a successful upsell to another major firm in the sector, highlighting Darktrace's strong presence in the financial services market. The company's AI-driven security solutions encompass a range of products such as cloud, SaaS, and network security. Darktrace continues to expand its customer base, reinforcing its mission to redefine enterprise security with its Self-Learning AI technology.

Positive

• Contract signed with a major US investment management firm, potentially over $1 million in revenue.
• Successful upsell to another significant US investment management company.
• Strong growth in the financial services sector, increasing customer base.

Negative

• None.

CAMBRIDGE, England, Nov. 22, 2021 /PRNewswire/ -- Darktrace, a global leader in cyber security AI, today announced that one of the world's largest investment management firms, based in the US, has signed a contract with Darktrace with the potential to deliver well in excess of $1million in revenue over several years.

This latest customer win follows hot on the heels of a multi-million-dollar upsell with another major US investment management company. Both companies have adopted a broad suite of solutions across Darktrace's detect, respond and investigate product families, including cloud, SaaS, email and network.  

"The financial services sector remains Darktrace's most significant industry sector, and we are delighted to welcome another major firm to our growing customer community, as we continue to redefine enterprise security with Self-Learning AI," commented Darktrace's CEO, Poppy Gustafsson OBE.

About Darktrace

Darktrace (DARK:L), a global leader in cyber security AI, delivers world-class technology that protects close to 6,000 customers worldwide from advanced threats, including ransomware and cloud and SaaS attacks. The company's fundamentally different approach applies Self-Learning AI to enable machines to understand the business in order to autonomously defend it. Headquartered in Cambridge, UK, the company has 1,600 employees and over 30 offices worldwide. Darktrace was named one of TIME magazine's "Most Influential Companies" for 2021.

Media contacts:

Bryce Tom
Rubenstein (USA)
+1-917-733-9494
darktrace@rubenstein.com

Nikhol Hui
Brands2Life (UK)
+44 (0)7908 714331
darktrace@brands2life.com

View original content:https://www.prnewswire.com/news-releases/one-of-the-worlds-largest-investment-management-firms-signs-major-contract-with-darktrace-301429602.html

SOURCE Darktrace

FAQ

What recent contract did Darktrace sign with an investment management firm?

Darktrace signed a contract with one of the world's largest investment management firms, expected to generate over $1 million in revenue.

How much revenue is Darktrace expecting from the new contract?

The new contract is projected to deliver more than $1 million in revenue over several years.

What types of solutions does Darktrace provide to its clients?

Darktrace offers a suite of solutions including cloud, SaaS, email, and network security.

Which sector is Darktrace focusing on for growth?

Darktrace is primarily focusing on the financial services sector, which is its most significant industry.