KnowBe4 completes $80M acquisition of Security Advisor
November 16, 2021 - Clearwater-based KnowBe4 Inc. (NASDAQ: KNBE), a provider of the world's largest security awareness training, has completed the acquisition of California-based SecurityAdvisor for approximately $80 million. The acquisition will create a new category for KnowBe4. The innovative SecurityAdvisor technology utilizes integrations with over 50 leading vendors in the cybersecurity ecosystem to identify and correlate human behavior-driven security alerts. The new category of security would be called Human Detection and Response, or HDR. "With the closing of the SecurityAdvisor acquisition, the first since KnowBe4 went public on the NASDAQ in April 2021, KnowBe4 looks to revolutionize the way Security Operations Centers monitor end-user behavior. The next several months will be spent integrating the product into the core KnowBe4 platform, building in automation capabilities and extending the ecosystem," KnowBe4's release read.