KnowBe4 to Acquire Egress [Yahoo! Finance]
KnowBe4, Inc. - Class A (KNBE)
Company Research
Source: Yahoo! Finance
TAMPA BAY, Fla., April 24, 2024 BUSINESS WIRE )--KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, today announced it has entered into a definitive agreement to acquire Egress, a leader in adaptive and integrated cloud email security. Egress' Intelligent Email Security suite provides a set of scaled, AI-enabled security tools with adaptive learning capabilities to help prevent, protect and defend organizations against sophisticated email cybersecurity threats. Further terms of the transaction were not disclosed. Organizations globally struggle to contain behavioral-based data breaches, with 74 percent of incidents involving the human element according to Verizon's Data Breach Investigations Report. By acquiring Egress, KnowBe4 plans to deliver a single platform that aggregates threat intelligence dynamically, offering AI-based email security and training that is automatically tailored relative to risk. "The future of securit
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