Wombat Security Technologies has announced the acquisition of ThreatSim.
Wombat will integrate ThreatSim’s spear-phishing solutions and other capabilities with its existing security education portfolio, the companies said. The expanded product offering will combine the best-of-breed features from both Wombat and ThreatSim’s mock phishing attack products, and provide customers with educational solutions to alter end-user behavior and reduce risk across their organizations.
“This is a great win for Wombat and ThreatSim, but most importantly for our current and future customers. Enterprises around the world now have access to the most innovative educational solutions to combat phishing attacks as well as all cyber-attacks from one company,” said Joe Ferrara, president and CEO at Wombat Security. “We look forward to building upon the momentum Wombat has already achieved, from record customer and revenue growth, to industry recognition by Gartner as a leader in the security awareness and training market.”
Wombat’s solution includes integrated knowledge assessments; simulated attacks for phishing, USB devices, and SMS/text messages; a library of interactive and in-depth training modules; security awareness materials, including articles, posters and screen saver images; as well as new dynamic reporting.
According to Jeff LoSapio, CEO of ThreatSim, “Discussions with our customers about this acquisition have been overwhelmingly positive and we are looking forward to continuing our growth trajectory while we satisfy the exploding demand for effective security education as part of Wombat.”
As part of the acquisition, ThreatSim’s team of security practitioners, software engineers, sales, and customer support experts will join Wombat’s team. Terms of the deal were not disclosed.
Gartner has recognized Wombat for the second year in a row as the clear leader in the 2015 Magic Quadrant for the category of Security Awareness Computer-Based Training Vendors.