PhishMe Continues to Dominate Phishing Threat Management and Intelligence Market with Malcovery Acquisition

Oct 14, 2015

Technology Integration Will Provide Enterprises with Most Advanced, High Fidelity Phishing Threat Intelligence Available

LEESBURG, Va. – October 14, 2015 – PhishMe® Inc., the leading provider of phishing threat management solutions, announced today that it has acquired key assets of phishing intelligence firm – Malcovery Security LLC, for an undisclosed sum.

“This acquisition rounds out our portfolio of targeted phishing mitigation, detection, and response solutions, making us the go-to solution in the market,” said Rohyt Belani, CEO and co-founder of PhishMe.

Aaron Higbee, PhishMe’s CTO and co-founder, commented, “Enterprises want to know if they are being singled out by the attackers or are a part of a larger phishing campaign. Malcovery’s intelligence will help answer that. The integration of Malcovery’s offerings into PhishMe’s comprehensive anti-phishing platform will boost the accuracy and value of the intelligence and response capabilities for our customers”.

PhishMe will incorporate Malcovery’s Protect Your Network and Protect Your Brand offerings into its full lifecycle of anti-phishing products – Simulator, Reporter and Triage – empowering its customers with a cohesive solution to address the most significant attack vector today. The company will leverage the added layer of malware analysis and threat intelligence in everything from sourcing content for our simulations, to augmenting PhishMe Triage with enhanced analytics and automated response to phishing incidents.

“The combination of Malcovery’s in-depth external threat analysis and PhishMe’s real-time view into phishing attacks reported internally results in the highest-fidelity, actionable intelligence currently available,” said Gary Warner, Chief Technologist and co-founder of Malcovery Security. “We are thrilled to combine forces with PhishMe in this fight against cybercriminals and nation-state actors”.

The acquisition news comes in the midst of PhishMe’s hyper-growth period, as evidenced by its recent designation on the prestigious 2015 Inc. 5000 list of fastest growing private companies for the its record growth of 892 percent over the past three years. Malcovery’s expert team will add to PhishMe’s already growing staff, bringing the combined employee headcount to 200.

To learn more about PhishMe’s human-powered, anti-phishing offerings, visit http://phishme.com

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About PhishMe

PhishMe® is the leading provider of threat management for organizations concerned about human susceptibility to advanced targeted attacks. PhishMe’s intelligence-driven platform turns employees into an active line of defense by enabling them to identify, report, and mitigate spear phishing, malware, and drive-by threats. Our open approach ensures that PhishMe integrates easily into the security technology stack, demonstrating measurable results to help inform an organization’s security decision making process. PhishMe’s customers include the defense industrial base, energy, financial services, healthcare, and manufacturing industries, as well as other Global 1000 entities that understand changing user security behavior will improve security, aid incident response, and reduce the risk of compromise.