• by Ray Schultz , February 26, 2018

PhishMe, a provider of anti-phishing tools, has been acquired by a private equity consortium and has changed its name to Cofense, the company announced on Monday. The firm’s value was placed at $400 million.

Growth will now be fueled by additional backing from multiple private equity firms, the firm says.

Boston Meridian served as the firm’s financial advisor for the transaction, and Cooley LLP served as outside legal counsel.

According to Fortune, Pamplona Capital Management acquired a two-thirds stake, and BlackRock acquired a third.

The Leesburg, Virginia-based company offers what it calls human-driven phishing defense solutions. Its product suite “leverages internal employee-generated attack intelligence in concert with purpose-built response technologies to break the attack kill chain at delivery,” states Rohyt Belani, CEO and co-founder of Cofense.

The firm serves 1,700 enterprise and mid-market customers worldwide, and last year opened offices in Australia, Singapore, Dubai, and Saudi Arabia. It has achieved 80% revenue CAGR over the past four years.