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KnowBe4 Human error . Conquered . KnowBe4 to Acquire Security Advisor , Introduces a New Information Security Category " Human Detection and Response " October 21 , 2021 TAMPA BAY , Fla . , Oct. 21 , 2021 ( GLOBE NEWSWIRE ) -- Know Be4 , Inc. ( NASDAQ : KNBE ) , the provider of the world's largest security awareness training and simulated phishing platform , announced that they have entered into a material definitive agreement to acquire SecurityAdvisor for an estimated total purchase consideration of approximately $ 80 million , to be paid through a combination of cash and stock with both upfront and earnout components . The acquisition is expected to close during the fourth quarter of 2021 , subject to the satisfaction of customary closing conditions . The innovative Security Advisor technology utilizes integrations with over 50 leading vendors in the cybersecurity ecosystem to identify and correlate human behavior - driven security alerts generated across each layer of the existing security stack . These alerts are mapped to relevant micro - learning opportunities that are pushed out to users via enterprise instant messaging apps , such as Slack and Microsoft Teams , immediately educating the user . The future integration of KnowBe4's existing security awareness platform with real - time user behavior activity and micro - learning will be a new milestone in defending against social engineering attacks . In addition , we believe we will have the ability to feed this correlated user behavior data back to the Security Operations Center , enabling security teams to identify and remediate gaps in the overall cybersecurity architecture and help make customers ' existing investments in security products more valuable . ' We remain committed to strengthening the human defense layer within security architecture and , with the addition of the Security Advisor technology to the existing Know Be4 platform , we believe we are creating a new category of security called Human Detection and Response or HDR , " said Stu Sjouwerman , founder and chief executive officer of KnowBe4 . " We see this combination as a great addition to the existing capabilities of our platform as we believe it will enable true behavioral change and help build a more effective and mature security culture much faster . Finally , we view the addition of Security Advisor to our platform as an accelerator to our product roadmap . " " This acquisition is expected to expand our total addressable market through the addition of HDR functionality to the platform and will provide immediate enhancements to our R & D teams . This addition to our cross - sell capabilities will also provide an opportunity for us to continue to grow with our existing customer base , " added Krish Venkataraman , KnowBe4's co - president and chief financial officer . Through this acquisition , KnowBe4 will continue to add deeper insights into human behavior through the correlation of real - world , real - time human security events by expanding the capabilities of its security awareness platform across the security stack . KnowBe4 will host a conference call today , October 21 , 2021 , to discuss the Acquisition at 8:30 AM EDT . Conference Call : ( 833 ) 529-0227 ( US / Canada Toll Free ) or ( 236 ) 738-2273 Conference ID : 4379468 Webcast : https://event.on24.com/wcc/r/3475593/6A181193DF60AE 786B 742A06AB 3D062C A recorded webcast of the event will also be available shortly after the call and will be made available for one year on the Know Be4 Investor Relations website ( https://investors.knowbe4.com ) . A copy of the slide presentation to be used during the conference call will be available on the company's Investor Relations website and will be filed with the SEC on Form 8 - K . About KnowBe4 KnowBe4 is the leading provider of " new - school " security awareness training and simulated phishing platform . Our mission is to enable your employees to make smarter security decisions , every day . Through our subscription - based services , your organization will have access to the leading security awareness training platform . Investor Relations Contact KnowBe4 , Inc. Ken Talanian ir @ knowbe4.com Public Relations Contact KnowBe4 , Inc Kathy Wattman pr @ knowbe4.com KnowBe4 Human error . Conquered . Source : KnowBe4 , Inc.