Barracuda Networks reeled in PhishLine in January for an undisclosed amount, and on February 6, Proofpoint acquired Pittsburgh-based Wombat Security Technologies for $225 million in cash. Even venture capital money has flowed into the messaging security world, with Tel Aviv-based Perception Point closing an $8 million Series A last month. PhishMe – now Cofense – offers similar awareness training and was a prime example of this interest, which resulted in the sizable multiple paid by the private equity consortium, according to the advisor. A cybersecurity awareness training company such as KnowBe4, could become a viable target for strategics looking to increase their services around messaging and anti-phishing or for private equity, according to the sources. Just last October, Tampa Bay, Florida-based KnowBe4 secured $30 million in growth capital financing led by Goldman Sachs Growth Equity.

Source: Forbes March 21, 2018 14:37 UTC