Cyber awareness firm acquires competitor
Boxphish, a Leeds-based leading cyber awareness and training company, has acquired competitor Purplephish for an undisclosed sum.
Headquartered in Manchester, Purplephish currently provides training and insights to over 100,000 end-users in over 50 mid-market and enterprise clients. The acquisition signals Boxphish’s ambition for growth by bringing increased revenue, staff numbers and customers into the enlarged company.
Formed in 2018, Boxphish helps corporate clients to become more cyber aware by identifying risk areas within their businesses and delivering tailored solutions to address the vulnerabilities. With over 90% of cyber attacks, having a human element that has failed; Boxphish helps to create a culture of cyber awareness and security through interactive learning.
As a result of the deal Boxphish has added over 25 training modules to its content library and training platform, which will continue to be supported and delivered by Boxphish. In addition, an augmented customer service team will give them a greater ability to provide high-quality training through their automated platform.
The business now provides training to over 200,000 end-users and supports customers such as BrewDog, Macmillan Cancer Support, Leicester Tigers, North Yorkshire Council and The Open University.
Nick Deacon Elliott, VP of sales and operations at Boxphish, said “The acquisition of Purplephish underpins our mission to turn our customers’ employees into the equivalent of a human firewall through automated, continuous, low touch and high impact training. With the rate of cyber-crime only going one way, we need to continue to increase our reach and help more companies reduce their risk. By bringing the companies together we have more power to deliver against our future plans. I’m very excited to continue to develop the company so that we continue to provide an exemplary service and platform to our customers”.
Ben Audley, CEO of PurplePhish addded: “Security awareness training is an essential part of a company’s security posture. We felt that our goal to measurably reduce risk on scale was in line with Boxphish and together we will create a market leading platform for success”