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Business Observer Wednesday, Jul. 8, 2020 3 weeks ago

Cybersecurity firm, despite pandemic challenges, posts 25% growth in Q2

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Clearwater-based KnowBe4’s workforce has swelled to nearly 1,000 as ‘hypergrowth’ continues.

CLEARWATER — KnowBe4, a cybersecurity company whose platform helps combat phishing, saw its second-quarter sales rise by 25% compared to the same period last year. 

According to a press release, the Clearwater-based firm’s payroll has also increased substantially, despite challenges brought by the COVID-19 crisis. KnowBe4 now has nearly 1,000 employees as it attempts to keep up with the “hypergrowth” it’s experiencing as more and more clients adopt its security awareness training services. 

“Q2 has undoubtedly been a trying time for organizations as they shift their workforces to work from home and deal with cyber criminals taking advantage of new attack vectors that this new situation has presented,” KnowBe4 CEO Stu Sjouwerman states in the release. “KnowBe4 sees these times as an opportunity to help organizations teach their users security awareness when and where they need it most. From a growth perspective, KnowBe4 has continued to gain significant traction with over 33,000 organizations trusting our platform to help them manage the ongoing problem of social engineering.”

According to the release, KnowBe4’s second quarter was also highlighted by the release of two new products: PhishRIP and Managed Phishing Campaign. 

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