PhishMe Renames as Cofense and Declares Purchase by Private Equity Group

PhishMe, the prominent supplier of human phishing protection solutions, has declared that from February 26, 2018, the company will be called Cofense. Together with the change of name, the company has declared it has been bought by a private equity group, which priced the company at $400 million.

PhishMe was created in 2007 with the objective of creating services and products to cope with the increasing hazard from phishing. Workers have long been seen as the vulnerable link in safety, however, the human part of safety fortifications was often ignored. Throughout the years, PhishMe created its services and products to assist businesses to expand their last line of protection and turn safety obligations into safety assets.

PhishMe has assisted thousands of companies to improve their fortifications versus phishing through phishing simulations and training. The company has also created a variety of related services and products including a reporting program that has now been implemented by over 2 million users, and incident reaction as well as threat intelligence facilities.

Although phishing protection is still at the heart, the name change indicates the more broad variety of services and products now being presented and future designs for the growth of its enterprise-wide attack detection, reaction, and arrangement solutions.

The purchase will assist in that respect. With the support of the private equity group, the business’s fundings have been guaranteed and the business is planning to grow and increase its services and products as well as increase its international reach.

“This purchase further reinforces the arrangement between our employees, management team, and investors since we concentrate on building a lasting business,” described Cofense CEO and co-founder Rohyt Belani. “With cybersecurity the highest significance for companies everywhere, our objective is to carry on bringing new products to markets all over the globe to assist halt active attacks quicker than ever.”