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KNBE - KnowBe4: Widening The Moat With SecurityAdvisor Acquisition
December, 18 2021 04:58 AM
KnowBe4 Inc.
KnowBe4 has completed the acquisition of SecurityAdvisor for c. $50 million upfront and an additional c. $30 million earnout. With the acquisition set to extend KnowBe4's security awareness platform, the strategic rationale makes good sense. The financial terms also screen favorably, with shares likely to benefit from the improved longer-term growth prospects. For further details see:
KnowBe4: Widening The Moat With SecurityAdvisor Acquisition
Stock Information
Company Name:
KnowBe4 Inc.
Stock Symbol:
KNBE
Market:
NASDAQ
Website:
knowbe4.com
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