Huntress buys security coaching supplier curricula for $22 million

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Security awareness programs and computer based training
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Training and safety leadership

Firm’s largest acquisition to broaden person training to small to mid-sized prospects

Huntress buys safety training provider curricula for $22 million
Kyle Hanslovan, Co-Founder and CEO, Huntress (Image: Huntress)

Huntress, the leader in managed security platforms, has made the largest acquisition in its eight-year history, acquiring security awareness training provider Curricula to enhance its user education offerings.

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In line with Kyle Hanslovan, Huntress co-founder and CEO, the Baltimore-area firm evaluated seven firms with safety consciousness coaching instruments and finally bought Curricula for his or her ease of use, manageability for smaller purchasers, and pleasant on-line studying expertise. 13 workers from Atlanta-based Curricula will be a part of Huntress as a part of the $22 million acquisition (see: The Ransomware Files Episode 6: Kaseya and REvil).

“We’re not only a good startup anymore,” Hanslovan informed Data Safety Media Group. “We now have a number of merchandise and about 70,000 firms utilizing our software program. One of many issues [customers] stored saying, “Training simply isn’t sufficient. We’re getting this coaching on consciousness, however we’re not fairly prepared but.'”

Safety consciousness coaching has turn out to be a preferred part of broader safety platforms in recent times, notably for electronic mail safety distributors. The house consolidated closely in 2018 when Barracuda, Proofpoint and Mimecast acquired PhishLine, wombat or Ataata. With Huntress’ acquisition of Curricula, KnowBe4, which went public in 2021, is the one main pure-play safety coaching supplier left.

From MSP to SME

Based in 2015, Curricula fueled its personal development for 5 years earlier than elevating $3 million in exterior funding and launching a free model of its product in November, says CEO Nick Santora. The trade took discover of the brand new instrument, and in response to Santora, Curricula has been approached by a number of potential patrons in current months for strategic acquisition alternatives.

“I needed to ensure we had been in a spot that revered our beliefs and our mission,” Santora tells ISMG. “With Huntress, it was nearly like I used to be speaking in a mirror.” After assembly Hanslovan and Chris Bisnett, Huntress co-founder and CTO, Santora says, “It simply felt like every thing was aligned, what we consider in, who we serve and why we do what we do.”

In the case of the curriculum integration course of, Hanslovan says he focuses most on individuals and tradition that connects know-how and creates worth. Hanslovan says either side can study from the opposite relating to serving various kinds of prospects, with Curricula excelling within the mid-market and Huntress working intently with greater than 3,000 VARs, MSPs, MSSPs and repair suppliers.

Hanslovan says he needs to keep away from the clunky or unnatural integration he sees in lots of M&A offers, and as a substitute supply a seamless person expertise strengthened by information sharing. Manageability is essential relating to small-to-medium companies or SMBs that do not wish to change forwards and backwards between a number of functions when managing person safety consciousness coaching, says Hanslovan.

Match coaching and threats

In the meantime, in response to Hanslovan, the information alternate will give Huntress perception into the risk panorama of SMBs to tell the event of safety coaching content material in curricula. This can assist keep away from gaps or deficiencies in person coaching relating to responding to the newest threats, he says.

Over time, Hanslovan says he needs mutual prospects to be mechanically up to date with curricula coaching for the precise threats their respective group is mostly uncovered to. He would additionally like to increase Huntress’ administration capabilities to the Curricula platform, which is now absolutely self-governing. This makes it simpler for purchasers with out in-house safety abilities to make use of curricula.

Hanslovan sees that in an period of tightening safety budgets, prospects are more and more turning to Huntress for assist managing their endpoints, and he expects managed safety coaching to be engaging to those prospects as effectively. Curricula’s coaching module is already fairly priced and does not require full-time administration because the platform is not enterprise-focused, in response to Hanslovan.

“Are the SMB companions going to undertake this know-how via issues like KnowBe4 and Proofpoint?” asks Hanslovan. “All our survey information, which we acquired prematurely, reveals that the market may be very prepared for this.

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