Mastercard Acquires Recorded Future From Insight Partners for $2.65 Billion

Recorded Future Acquires Gemini Advisory

March 16, 2021

Cybersecurity

Recorded Future has agreed to acquire fraud analytics provider Gemini Advisory in a cash-and-equity transaction valued at $52 million. Gemini Advisory will operate as an independent business unit within Recorded Future, expanding Recorded Future’s capabilities into payment card, merchant, and transactional fraud intelligence to better serve enterprise customers.

Mastercard Acquires CipherTrace

September 9, 2021

Payments & Fintech

Mastercard has acquired CipherTrace, a cryptocurrency intelligence company, to strengthen its digital assets security, fraud detection and compliance capabilities. The deal integrates CipherTrace’s blockchain analytics and intelligence with Mastercard’s AI, cyber and payments infrastructure to provide greater transparency and regulatory support for customers; terms were not disclosed.

Tyler Technologies to Acquire For The Record in $258 Million Deal

February 5, 2026

Software

Tyler Technologies signed a definitive agreement to acquire For The Record, a digital courtroom recording and speech-to-text technology provider, for an enterprise value of $258 million. The deal is positioned as an expansion of Tyler’s Courts & Justice portfolio to link court recordings and transcription to the case file in near real time using AI.

Capillary Technologies to Acquire Mastercard’s SessionM for $20 Million

February 24, 2026

Cloud & SaaS

Capillary Technologies will acquire Mastercard’s loyalty and rewards business, SessionM, for $20 million in an all-cash deal. The acquisition is expected to add more than $35 million in annual recurring revenue (ARR) and expand Capillary’s loyalty and engagement suite with over 40 enterprise customers, including Fortune 500 brands.

Mastercard Acquires Finicity for $825M to Boost Open Banking

June 23, 2020

Payments & Fintech

Mastercard has agreed to acquire Finicity, a Salt Lake City-based provider of financial data APIs and analytics, for $825 million plus up to $160 million in potential earn-outs. The acquisition strengthens Mastercard's open banking capabilities and expands its data and account verification offerings for banks, fintechs and lenders in North America and beyond.

Mastercard Acquires Dynamic Yield from McDonald's

April 4, 2022

Data & Analytics

Mastercard has completed its acquisition of Dynamic Yield, a personalization platform and decision engine, from McDonald's. The deal brings Dynamic Yield's personalization and decisioning capabilities into Mastercard's Data & Services organization to strengthen consumer engagement, loyalty and analytics offerings.