Private equity firm makes offer for Clearwater cybersecurity company

KnowBe4 Inc., a prominent Clearwater cybersecurity company, has received a nonbinding acquisition offer from Vista Equity Partners, a private equity firm headquartered in Austin, Texas.

According to a news release, Vista has offered to acquire all outstanding KnowBe4 (NASDAQ: KNBE) shares for $24 per share in cash —  a 39% premium on the stock’s Sept. 16 closing price. In response to the proposal, KnowBe4’s board has formed a special committee made up of independent directors to review the deal and engage in discussions with Vista, with the assistance of independent financial and legal advisors.