3/2/2023 0 Comments Hero zero privateWe have long appreciated the work that KnowBe4 does in strengthening the human layer of cyber security through educating employees on how to identify social engineering and related cyber threats.” Vista managing director Rod Aliabadi added: “As a significant investor in KnowBe4, we could not be more excited to take this next step in our journey together. “Under Vista’s ownership, we will have access to additional resources and support, which will help us achieve our goals and deliver enhanced value to our customers” We look forward to leveraging our deep understanding of the business to help Stu and his talented and experienced team address the human element of cyber security.” Michael Fosnaugh, co-head of Vista’s Flagship Fund and senior managing director, said: “As a trusted partner to enterprise software companies around the world, we make a point to invest in businesses that make a difference and have a demonstrated track record of success. We look forward to partnering with Vista’s team to continue empowering businesses worldwide to strengthen their human firewall and make smarter security decisions every day.” Under Vista’s ownership, we will have access to additional resources and support, which will help us achieve our goals and deliver enhanced value to our customers. “KnowBe4 has a strong record of performance, as evidenced by our market-leading platform and global customer base. This acquisition by Vista represents the next phase of our journey. KnowBe4 founder, chairman and chief executive officer Stu Sjouwerman said: “Today’s announcement is a testament to the success of our strategy and the strength of our incredible team. It will be financed through a combination of debt and equity financing. Quietly announced on 12 October, the deal represents a 44% premium to KnowBe4’s closing price on 16 September 2022, the day prior to its receipt of Vista’s initial proposal, and is set to close during the first half of 2023, subject to the approval of shareholders and regulators.
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