Welcome to our dedicated page for Knowbe4 news (Ticker: KNBE), a resource for investors and traders seeking the latest updates and insights on Knowbe4 stock.
KnowBe4, Inc. (KNBE) provides essential cybersecurity solutions through its security awareness training and phishing simulation platforms. This news hub offers investors and professionals timely updates on corporate developments, product innovations, and strategic initiatives shaping the human risk management sector.
Access official press releases and curated analysis covering KNBE's market movements, including new security training modules, partnership announcements, and leadership updates. Our repository simplifies tracking of critical cybersecurity developments while maintaining compliance with financial disclosure standards.
Key focus areas include updates on phishing simulation technology enhancements, security orchestration advancements, and industry recognition of KNBE's training methodologies. The curated format ensures efficient monitoring of factors influencing organizational cybersecurity postures and market positioning.
Bookmark this page for streamlined access to KNBE's evolving role in combating social engineering threats and strengthening enterprise security cultures through continuous employee education initiatives.
KnowBe4, Inc. (Nasdaq: KNBE) has announced a definitive agreement to be acquired by Vista Equity Partners in an all-cash transaction valued at approximately $4.6 billion. Shareholders will receive $24.90 per share, a 44% premium over the closing price before the offer. The deal, unanimously approved by KnowBe4's Board, aims to leverage Vista's resources for further growth. Closing is expected in the first half of 2023, pending regulatory approvals. If completed, KnowBe4 will become a private company, ceasing to trade on Nasdaq.
KnowBe4 has launched an updated version of its Compliance Audit Readiness Assessment (CARA), now addressing specific needs related to the HIPAA Security Rule. This complimentary tool assists healthcare organizations in preparing for compliance audits by evaluating their readiness against HIPAA requirements. There have been 4,419 reported healthcare data breaches from 2009 to 2021, exposing over 314 million records. The updated CARA aims to simplify the compliance process for security professionals in healthcare, ensuring better protection of sensitive patient data.
KnowBe4 Confirms Acquisition Proposal
On September 19, 2022, KnowBe4 (Nasdaq: KNBE) announced the receipt of a non-binding acquisition proposal from Vista Equity Partners, offering $24 per share in cash, representing a 39% premium over the company’s closing price on September 16, 2022. The KnowBe4 Board has established a Special Committee of independent directors to evaluate this proposal and other potential value enhancement opportunities. No further comments will be made until the review is completed, emphasizing that there is no guarantee of a transaction.
KnowBe4 Inc (Nasdaq: KNBE) has launched KnowBe4 Ventures, a new venture arm aimed at investing in startups focusing on the human aspect of cybersecurity. Collaborating with notable funds like Elephant and Ten Eleven Ventures, this initiative addresses a significant spending gap, as 82% of breaches involve human elements while only 3% of cybersecurity budgets are allocated to this area. The fund will make early-stage investments, targeting companies with initial traction and solid financial strategies.
KnowBe4 reported strong financial results for Q2 2022, with revenues increasing 36.1% year-over-year to $80.8 million and annual recurring revenue (ARR) up 36.5% to $328.3 million. The company ended the quarter with net cash from operations of $22.3 million and free cash flow of $19.1 million. Key drivers of growth included international expansion and successful product launches. The company also forecasts Q3 revenues between $85 - $86 million and full-year revenues of $333 - $334 million.
KnowBe4 has released findings on phishing email effectiveness, revealing that over 50% of clicked subject lines mimicked Human Resources communications. Topics included vacation policies and performance reviews, while IT-related requests such as immediate password verifications were also significant. KnowBe4 emphasizes the need for new-school security training, highlighting that over 80% of data breaches stem from human error. With more than 50,000 global organizations using its platform, KnowBe4 aims to reduce phishing risks through enhanced employee awareness.
KnowBe4, Inc. (NASDAQ: KNBE) announced it will release its second quarter 2022 financial results on August 4, 2022, prior to market opening. A conference call will be held at 8:30 am ET on the same day to discuss these results. Investors can access the news release on the company’s Investor Relations Website before the call, with an archived webcast available afterward. KnowBe4 is recognized as a leader in security awareness training, utilized by over 50,000 organizations globally, focusing on combating social engineering tactics.
KnowBe4 released its 2022 Phishing by Industry Benchmarking Report, revealing that 32.4% of untrained employees are likely to fall for phishing attempts. Industries most at risk include Consulting, Energy & Utilities, and Healthcare & Pharmaceuticals, with over 50% of employees in these sectors vulnerable. The report analyzed data from 30,173 organizations and showed that with proper training, the average Phish-prone Percentage (PPP) dropped from 32.4% to 5% after 12 months. The findings underscore the importance of addressing the human factor in cybersecurity.
