Intrusion Inc. Acquires VigilAigent, Adding $3.5M ARR
Intrusion Inc. announced the acquisition of VigilAigent, a cybersecurity managed security service provider, in a two-stage deal. The first closing involved acquiring 60% of VigilAigent for $1,950,000, paid through a credit, cash, and the issuance of 2,223,549 shares of common stock. The second closing for the remaining 40% will be a $1,300,000 cash payment, contingent on stockholder and regulatory approvals, with potential earn-out consideration up to $6,900,000. This acquisition is expected to add approximately $3.5 million in annual recurring revenue and integrate VigilAigent's AI engine with Intrusion's TraceCop database.
Key Highlights
- Intrusion Inc. acquired 60% of VigilAigent for $1,950,000 in the First Closing.
- First Closing payment included $200,000 credit, $160,000 cash, and $1,590,000 in stock.
- Issued 2,223,549 shares of common stock at $0.67 per share for the First Closing.
- Second Closing for remaining 40% will be $1,300,000 cash, subject to approvals.
- Potential earn-out consideration of up to $6,900,000 based on financial milestones.
- Acquisition adds approximately $3.5 million in annual recurring revenue (ARR).
- VigilAigent brings over 80 reseller partners and 1,000 customers.
- Integration of VigilAigent’s Agentic AI engine, The Oracle, with Intrusion’s TraceCop.
Price Impact
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