Bain, Crosspoint Capital to Buy ExtraHop for $900 Million

Bain Capital and Crosspoint Capital Partners have agreed to buy ExtraHop Networks, a Seattle-based cybersecurity company, in a deal valued at $900 million.

The deal is expected to close in the next few months, the companies said in a statement on Tuesday. Chief Executive Officer Arif Kareem and Chief Technology Officer Jesse Rothstein, the company’s co-founders, will stay in their roles and remain “significant investors.”

Cybersecurity companies are becoming attractive targets for investors as high-profile hacks increase. ExtraHop says its technology uses artificial intelligence to monitor for threats. Its software can detect when sensitive data is taken and ...