PRESS RELEASE
Tampa Bay, FL (April 24, 2024) – KnowBe4, the supplier of the world’s largest safety consciousness coaching and simulated phishing platform, at present introduced it has entered right into a definitive settlement to amass Egress, a pacesetter in adaptive and built-in cloud electronic mail safety. Egress’ Clever E mail Safety suite offers a set of scaled, AI-enabled safety instruments with adaptive studying capabilities to assist forestall, defend and defend organizations in opposition to refined electronic mail cybersecurity threats. Additional phrases of the transaction weren’t disclosed.
Organizations globally battle to comprise behavioral-based knowledge breaches, with 74 % of incidents involving the human component based on Verizon’s Information Breach Investigations Report. By buying Egress, KnowBe4 plans to ship a single platform that aggregates menace intelligence dynamically, providing AI-based electronic mail safety and coaching that’s routinely tailor-made relative to danger.
“The way forward for safety is personalised AI-driven controls and real-time teaching. By offering a single platform from KnowBe4 and Egress, our clients will profit from differentiated combination menace detection to remain forward of evolving cyber threats and foster a powerful safety tradition,” stated Stu Sjouwerman, CEO, KnowBe4. “As integration companions for over a 12 months with sturdy philosophical and cultural alignment, this acquisition is a pure development for each firms to take human danger administration and cloud electronic mail safety to the subsequent degree.”
“KnowBe4 and Egress have a shared imaginative and prescient of delivering tailor-made and related safety to every worker,” stated Tony Pepper, CEO, Egress. “One of many largest challenges organizations face is precisely figuring out who the subsequent supply of compromise is – and why. By combining intelligence and analytics from built-in functions, firms can acquire precious insights throughout their complete cyber ecosystem, permitting them to give attention to the dangers that matter most.”
The announcement comes on the heels of serious achievements for each firms so far in 2024. KnowBe4 lately introduced its AI-native platform, Synthetic Intelligence Protection Brokers (AIDA), which contains superior AI brokers to energy efficacy and pace. Current notable awards embody being acknowledged as a High Software program Winner by G2 and a winner of Energage’s High Workplaces USA for 2024. In the meantime, Egress launched its AI-powered Automated Abuse Mailbox in early April and obtained a number of award recognitions, together with Safety Innovation of the 12 months (Computing Safety Excellence Awards), Finest E mail Safety Answer, Finest Information Leak Prevention Answer (SC Awards Europe) and Finest Place to Work within the UK (Nice Locations to Work 2024).
The transaction is anticipated to shut within the coming months topic to customary closing circumstances and regulatory approvals.
Egress is backed by FTV Capital and AlbionVC. Citi served as unique monetary advisor to Egress and Orrick, Herrington & Sutcliffe LLP served as authorized counsel to Egress.
For extra data on KnowBe4, go to www.knowbe4.com. For extra data on Egress, go to www.egress.com.
About KnowBe4
KnowBe4, the supplier of the world’s largest safety consciousness coaching and simulated phishing platform, is utilized by greater than 65,000 organizations across the globe. Based by IT and knowledge safety specialist Stu Sjouwerman, KnowBe4 helps organizations tackle the human component of safety by elevating consciousness about ransomware, CEO fraud and different social engineering ways by way of a new-school method to consciousness coaching on safety. The late Kevin Mitnick, who was an internationally acknowledged cybersecurity specialist and KnowBe4’s Chief Hacking Officer, helped design the KnowBe4 coaching primarily based on his well-documented social engineering ways. Organizations depend on KnowBe4 to mobilize their finish customers as their final line of protection and belief the KnowBe4 platform to strengthen their safety tradition and scale back human danger.
About Egress
As superior persistent threats proceed to evolve, we acknowledge that persons are the largest danger to organizations’ safety and are most susceptible when utilizing electronic mail.
Egress is the one cloud electronic mail safety platform to repeatedly assess human danger and dynamically adapt coverage controls, getting ready clients to defend in opposition to superior phishing assaults and outbound knowledge breaches earlier than they occur. Leveraging contextual machine studying and neural networks, with seamless integration utilizing cloud-native API structure, Egress offers enhanced electronic mail safety, deep visibility into human danger, and instantaneous time to worth.
