Cybersecurity firm to acquire complementary business for $80M

The deal will add SecurityAdvisor’s technology to Clearwater-based KnowBe4’s platform.

  • By Business Observer Staff
  • | 12:51 p.m. October 22, 2021
Courtesy. KnowBe4 founder and CEO Stu Sjouwerman.
Courtesy. KnowBe4 founder and CEO Stu Sjouwerman.
  • Tampa Bay-Lakeland
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CLEARWATER — KnowBe4 Inc. (NASDAQ: KNBE), a provider of security awareness training and a widely used simulated phishing platform, has agreed to acquire SecurityAdvisor for $80 million in cash and stock. The deal, according to a news release, is expected to close by the end of the year.

 

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