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KnowBe4 is a leading provider of security awareness training and simulated phishing platforms, serving approximately 60,000 organizations worldwide. Founded by IT and data security expert Stu Sjouwerman, the company focuses on addressing the human element of cybersecurity. KnowBe4’s innovative approach helps organizations raise awareness about threats like ransomware, CEO fraud, and social engineering tactics.
Tens of thousands of organizations globally rely on KnowBe4 to mobilize their end-users as the last line of defense against cyber threats. The company’s training programs are designed based on the expertise of well-known cybersecurity specialists, including the late Kevin Mitnick, KnowBe4's Chief Hacking Officer.
One of KnowBe4's latest achievements is the launch of PhishER Plus, a product that leverages a global user base trained to identify and report phishing attacks. This advanced tool includes exclusive features like the Global Blocklist and Global PhishRIP, which work to block and remove phishing emails before they reach users' inboxes.
The Global Blocklist compiles validated threats from over ten million trained users, automatically blocking new phishing attempts. The Global PhishRIP feature quarantines confirmed phishing threats, removing them even before they are reported within an organization.
KnowBe4 is also an active participant in National Cybersecurity Awareness Month (NCSAM), providing resources like awareness posters, cybersecurity tips, and on-demand webinars. These resources aim to build a solid foundation of cybersecurity practices both for individuals and businesses, focusing on key behaviors such as multi-factor authentication and recognizing phishing attempts.
The company continues to innovate and provide invaluable tools and training to help organizations enhance their cybersecurity posture, promoting a culture of security awareness and safe online practices.
KnowBe4 has joined the Microsoft Intelligent Security Association (MISA), integrating its SecurityCoach product with Microsoft security tools, including Microsoft Azure Active Directory and Microsoft Defender for Cloud Apps. This partnership aims to reduce risky behavior through real-time security coaching, enabling IT/security professionals to deliver timely SecurityTips to users based on detected events. With over 56,000 organizations using KnowBe4's training platform, the integration is seen as a step towards enhancing cybersecurity awareness and creating a strong security culture. Further information about SecurityCoach is available on KnowBe4's website.
KnowBe4, a top security awareness training provider, announced preliminary results for Q4 2022, showing a revenue increase to $89,928 from $69,307 year-over-year. The annual recurring revenue rose to $367,731 from $285,437. However, GAAP operating margin fell to (23.0)% from 10.3% in Q4 2021, with a non-GAAP operating margin of 13.0% compared to 21.7%. The net cash provided by operating activities decreased to $19,483 thousand from $20,979 thousand. The customer base grew significantly, reaching 56,867 from 47,174 year-over-year.
Andrews & Springer LLC announces a lawsuit against KnowBe4, Inc. (NASDAQ: KNBE) for potential corporate misconduct and violations of federal securities laws. The lawsuit follows a $4.6 billion merger agreement between KnowBe4 and Vista Equity Partners, which offers shareholders $24.90 per share, 11% below Cowen and Company’s target of $28.00 per share. Shareholders claim that the proxy statement filed with the SEC lacks material information regarding the merger, prompting a demand for more disclosures before proceeding. The case is filed in the U.S. District Court, Southern District of New York.
KnowBe4 has announced the integration of its SecurityCoach product with Netskope to enhance real-time security coaching for users. This collaboration aims to reduce risky behaviors by providing immediate coaching through channels like Slack and Microsoft Teams when risky activities are detected. KnowBe4's CEO, Stu Sjouwerman, emphasized the importance of a strong security culture, while Netskope's VP highlighted the actionable insights this partnership will deliver. The integration supports over 20 cybersecurity platforms, reinforcing KnowBe4's position as a leader in security awareness training.
KnowBe4 has launched the KnowBe4 Mobile Learner App, offering free mobile security awareness and compliance training to all customers. The app supports over 100 mobile-first training modules, enabling users to engage in training on their smartphones or tablets, enhancing user experience and security culture. It is a significant advancement in the security awareness training sector, providing 24/7 access. The app is available for iOS and Android devices, reflecting KnowBe4's commitment to improving engagement rates across various subscription levels.
KnowBe4, a leader in security awareness training, announced its 2023 cybersecurity predictions, emphasizing a shift towards fostering a security culture within organizations. The top five trends include an increase in social media scams, potential catastrophic attacks on critical infrastructure due to geopolitical tensions, the rise of convincing deepfake attacks, and a larger attack surface due to the Metaverse. CEO Stu Sjouwerman highlights the need for organizations to go beyond traditional training methods to effectively combat the evolving threats in cybersecurity.
KnowBe4 reported a 33.9% year-over-year increase in revenues for Q3 2022, totaling $85.8 million, while annual recurring revenue (ARR) rose 32.4% to $347.2 million. The number of customers surpassed 54,200, with net cash from operating activities at $32.7 million and free cash flow at $30.5 million. The company's GAAP gross margin improved to 86.7%. Additionally, KnowBe4 announced a pending acquisition by Vista Equity Partners for $24.90 per share, expected to close in the first half of 2023.
KnowBe4 has launched SecurityCoach, a groundbreaking product in the Human Detection and Response (HDR) category, focused on enhancing cybersecurity by addressing user behavior. Set to improve security culture, this tool provides real-time coaching to users based on their actions, thus combating significant threats like phishing, which accounts for 82% of data breaches. Starting January 3, 2023, the product will be available at no additional cost to diamond-level customers, further solidifying KnowBe4's position as a leader in security awareness training.
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