Moody’s Corp. (MCO) has disclosed its plans to invest $250 million in BitSight, a cybersecurity ratings company. With this investment, BitSight will acquire VisibleRisk, a cyber risk ratings joint venture created by Moody’s and Team8. The deal will be funded with cash in hand and is unlikely to have a material impact on Moody’s financial results for the current year. Also, BitSight will create a separate Risk Solutions Division, which will cater to critical solutions and analytics serving stakeholders, including chief risk officers, c-suite executives and boards of directors. The investment is expected to bolster BitSight’s offerings and capabilities to create a much-needed comprehensive, integrated, industry-leading cybersecurity risk platform.
https://www.tipranks.com/news/moodys-builds-risk-platform-by-investing-in-bitsight?utm_source=advfn.com&utm_medium=referral
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