Cybersecurity firm to acquire complementary business for $80M

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.

Headquartered in Sunnyvale, Calif., SecurityAdvisor’s technology, the release states, can help identify and correlate human behavior-driven security alerts generated across each layer of an existing security stack. The alerts are mapped to “micro-learning opportunities” that are pushed out to users via apps such as Slack and Microsoft Teams, immediately educating the user.