April 24, 2024 at 05:12PM
KnowBe4 has announced the acquisition of Egress, a leader in cloud email security, to provide a comprehensive AI-enabled security platform for organizations globally. This move aims to address human-related data breaches and cultivate a strong security culture. The transaction is expected to close in the coming months, subject to customary closing conditions. For more information, visit www.knowbe4.com and www.egress.com.
Key Takeaways from Meeting Notes:
– KnowBe4 announced its plan to acquire Egress, a provider of adaptive and integrated cloud email security, with a focus on preventing behavioral-based data breaches.
– The acquisition aims to deliver a single platform combining threat intelligence, AI-based email security, and training tailored relative to risk, with the vision of personalized AI-driven controls and real-time coaching.
– Stu Sjouwerman, CEO of KnowBe4, emphasizes the importance of human risk management and cloud email security and the cultural alignment between the two companies.
– Egress CEO Tony Pepper acknowledges the challenge of accurately identifying potential sources of compromise and speaks to the value of combining intelligence and analytics for insights across the cyber ecosystem.
– The transaction is expected to close in the coming months, subject to customary closing conditions and regulatory approvals.
– Additionally, background information is provided about KnowBe4 and Egress, detailing their areas of expertise, corporate achievements, and accolades.
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