The Cyber Security Review | Wednesday, February 15, 2023
KnowBe4 unveils that Vista completes its acquisition to foster long-term growth and strengthen cybersecurity.
FREMONT, CA: Increasingly, our day-to-day activities are being conducted online in the digital world. Online businesses conduct commerce, communicate, and interact, and cyber security has become increasingly important.
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Information technology and security professionals use security awareness training to prevent and mitigate user risks. These programs aim to provide information security awareness to users and employees. Security awareness training helps employees recognize and avoid cyber attacks via email and the internet and understand proper cyber hygiene.
"Today's acquisition is a significant milestone for the entire KnowBe4 team. It's representative of our achievements to date, as well as our potential for continued long-term growth," said Stu Sjouwerman, founder, Chairman and Chief Executive Officer of KnowBe4. "Vista provides the resources and operational expertise to enhance customer value. We're thrilled to embark on this next chapter and realize our goals for addressing cybersecurity's weakest link."
Vista, one of the leaders in global investment, completed its acquisition of KnowBe4, a security awareness training, and simulated phishing solution provider.
More than 56,000 organizations use KnowBe4's simulated phishing platform and security awareness training.
Vista invests exclusively in enterprise software, data, and technology-enabled companies to create enduring market value for investors, companies, customers, and employees.
"The human element remains one of the most important yet neglected aspects of cybersecurity," said Michael Fosnaugh, Co-Head of Vista's Flagship Fund and Senior Managing Director. "The opportunity to scale a business that is truly mission-critical to enterprises around the world is core to Vista's investment approach and value creation efforts. This, combined with Stu's track record as a visionary founder and KnowBe4's demonstrated product leadership, makes partnering with the Company very exciting."
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