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Why Bugcrowd Acquired Informer: Attack Surface Management and Penetration Testing

Bugcrowd said its Informer acquisition would add external asset discovery, monitoring, and expert-led penetration testing. The deal’s financial terms were not disclosed, and the Q3 2024 integration goal was a target, not a confirmed result.
From TheFinanceBase Team2 min to read
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Bugcrowd announced on May 23, 2024, that it had acquired Informer, a UK-based provider of external attack surface management (ASM) and continuous penetration testing. Bugcrowd said the deal would add Informer’s asset discovery, monitoring, and expert-led testing capabilities to its crowdsourced security platform. Financial terms were not disclosed.

Why did Bugcrowd acquire Informer?

Bugcrowd presented the acquisition as a way to expand its visibility into organizations’ internet-facing assets and strengthen its penetration-testing capabilities. It said Informer’s continuous discovery and monitoring would complement Bugcrowd’s existing ASM and testing services and support its broader continuous threat and exposure management vision. These are Bugcrowd’s stated strategic aims, not independent evidence of customer outcomes.

Bugcrowd COO Tanya Gay said Informer’s ASM software and penetration-testing capabilities would enhance Bugcrowd’s AI-powered crowdsourced security platform. That statement describes the company’s rationale for the deal, rather than an independent assessment of the combined offering.

What did Informer’s platform do?

Informer focused on an organization’s external attack surface: the internet-facing systems and assets that may be exposed to attackers. Its platform combined ongoing asset discovery, vulnerability scanning, and expert penetration testing. Bugcrowd said the capabilities could support multiple use cases and complement its ASM Risk and penetration-testing services.

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Bugcrowd’s CEO described Informer as founded in 2014 and based in the UK. Informer’s founder said the company launched the first version of its platform in 2018 to give organizations visibility into externally facing environments.

What did Bugcrowd say would change for Informer customers?

At the time of the May 2024 announcement, Bugcrowd said Informer customers would continue to have access to the platform without service disruption. It also set a goal of fully integrating the combined portfolio and making it available globally by Q3 2024. That was a forward-looking target; the announcement does not confirm whether it was met.

A Bugcrowd datasheet published in May 2024 uses the name “Bugcrowd EASM (formerly Informer EASM).” That documents a product naming transition, but does not establish whether Informer remains available as a standalone product today.

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What is known—and not known—about the deal?

  • Announcement date: May 23, 2024.
  • Financial terms: Not disclosed by Bugcrowd.
  • Customer continuity: Bugcrowd said at announcement that Informer customers would retain access without service disruption.
  • Integration timing: Bugcrowd set Q3 2024 as its target for full integration; completion is not confirmed by the cited announcement.
  • Current standalone availability and packaging: Not established by the available company materials cited here.

Bugcrowd described the acquisition as its first after a $102 million fundraise. Its announcement also cited a projection that the market would reach $3.3 billion by 2029 at a 29% compound annual growth rate; that is Bugcrowd’s 2024-cited forecast, not an independently validated market figure.

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