Justine Coyne | October 14, 2015

Wombat expands cybersecurity products with latest acquisition

Adding to its cybersecurity offerings, Pittsburgh-based Wombat Security Technologies has acquired ThreatSim, a Reston, Va.-based provider of spear phishing attack testing.

Wombat, which provides security training solutions aimed at changing employee behavior, said it will integrate ThreatSim's spear phishing solutions and other capabilities with its existing portfolio. Financial terms of the transaction were not disclosed.

As part of the acquisition, ThreatSim’s team of security practitioners, software engineers, sales and customer support experts will join Wombat’s team. ThreatSim has fewer than 20 employees and has small office locations in Herndon, Va., and Denver, Colo., in addition to some home-based employees.

Wombat, which raised $6.7 million in 2014 in a financing round led by New York-based Level Equity, said it may add additional office location as it integrates the ThreatSim team.

“This is a great win for Wombat and ThreatSim, but most importantly for our current and future customers," said Joe Ferrara, president and CEO of Wombat Security, in a statement. "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. 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.”

Read the article on Pittsburgh Business Times