NetSPI, backed by KKR, purchases cybersecurity company Hubble Technology

Hubble, a cybersecurity firm founded in 2020 with the backing of Accel, CrowdStrike Falcon Fund, and Paladin Capital, has been acquired by NetSPI. NetSPI, based in Minneapolis, is a provider of security solutions that is backed by KKR, a global investment firm founded in 1976.

Tom Parker, the founder of Hubble, will join NetSPI as chief technology officer. Aaron Shilts, CEO of NetSPI, noted that the acquisition marks a significant milestone in their transition from point-in-time pentesting to technology-enabled proactive security. He emphasized the importance of visibility in security, stating that they provide trusted brands with visibility into external and cloud assets. With Hubble’s CAASM solution, they can offer comprehensive visibility and insights across the entire IT estate.

The acquisition represents a strategic move for NetSPI to enhance their security offerings and expand their capabilities in the cybersecurity industry. The combination of Hubble’s technology and expertise with NetSPI’s established presence in the market is expected to benefit their clients and strengthen their position as a trusted provider of security solutions.