Minneapolis Cybersecurity Firm NetSPI Eyes $80M-Plus Acquisitions to Fuel AI Push
Minneapolis/St. Paul Business Journal interviewed NetSPI’s President and CEO, Aaron Shilts, for an April 1, 2026 article about NetSPI pursuing acquisitions to expand its AI capabilities, enhance customer offerings, and maintain sustainable growth among evolving industry demands. Read the preview below or view it online.
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NetSPI, a leader in penetration testing, is actively exploring acquisitions to accelerate its development of artificial intelligence technologies and broaden its customer base. President and CEO Aaron Shilts revealed that the company is targeting firms with $80-$100 million in revenue, marking a strategic shift from smaller, geography-driven acquisitions to larger deals that enhance technical talent and product capabilities. This approach aligns with NetSPI’s commitment to integrating AI into its offerings while maintaining a hybrid model that combines automation with human expertise. Shilts emphasized that while AI is reshaping the cybersecurity landscape, fully automated tools still fall short in addressing complex business logic, necessitating a balanced approach.
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