ZeroFox (Nasdaq: ZFOX), an enterprise software-as-a-service leader
in external cybersecurity, announced today that it has completed
the acquisition of LookingGlass Cyber Solutions, Inc., a leader in
external attack surface management and global threat intelligence.
The acquisition was first announced on April 17, 2023.
"We are excited to welcome the LookingGlass team to the ZeroFox
family," said James C. Foster, chairman and CEO of ZeroFox. "This
acquisition strengthens our position in the external cybersecurity
market and expands our platform's attack surface intelligence
capabilities. We are committed to ensuring a seamless customer
experience as we integrate the two companies and are confident that
this acquisition will be valuable for our customers, employees, and
shareholders."
Bryan Ware, CEO of LookingGlass, added, "We are thrilled to join
forces with ZeroFox and look forward to the opportunities this will
bring to our customers and employees. Our shared values and
combined vision will allow us to deliver even more value to the
market and achieve greater success together."
The acquisition of LookingGlass is part of ZeroFox’s strategic
plan and vision to deliver a world-class end-to-end external
cybersecurity platform. ZeroFox will provide more information on
the impact of the acquisition in the coming weeks.
About ZeroFox
ZeroFox (Nasdaq: ZFOX), an enterprise software-as-a-service
leader in external cybersecurity, has redefined security outside
the corporate perimeter on the internet, where businesses operate,
and threat actors thrive. The ZeroFox platform combines advanced AI
analytics, digital risk and privacy protection, full-spectrum
threat intelligence, and a robust portfolio of breach, incident and
takedown response capabilities to expose and disrupt phishing and
fraud campaigns, botnet exposures, credential theft,
impersonations, data breaches, and physical threats that target
your brands, domains, people, and assets. Join thousands of
customers, including some of the largest public sector
organizations as well as finance, media, technology and retail
companies to stay ahead of adversaries and address the entire
lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are
trademarks or registered trademarks of ZeroFox, Inc. and/or its
affiliates in the U.S. and other countries. Visit www.zerofox.com
for more information.
About LookingGlass Cyber Solutions, Inc.
LookingGlass is the global cybersecurity leader enabling
national, industrial, and enterprise-scale decisions with
unparalleled, curated intelligence on critical assets, risks, and
sectors. For more than a decade, the most advanced organizations in
the world have trusted LookingGlass to help them protect their
economic and national security interests. Find out how we can help
your organization at https://lookingglasscyber.com.
Forward-Looking Statements
Certain statements in this press release are “forward-looking
statements” under the Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical fact,
that address activities, events or developments that we expect,
believe or anticipate will or may occur in the future, including
statements related to benefits from the transaction, including the
ability of ZeroFox to achieve its objectives and plans with the
acquisition of LookingGlass are forward-looking statements.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
anticipated by these forward-looking statements. The inclusion of
any statement in this press release does not constitute an
admission by ZeroFox or any other person that the events or
circumstances described in such statement are material. These risks
and uncertainties include, but are not limited to, the following:
our ability to recognize the anticipated benefits of the
transaction; defects, errors, or vulnerabilities in the ZeroFox
platform, the failure of the ZeroFox platform to block malware or
prevent a security breach, misuse of the ZeroFox platform, or risks
of product liability claims that would harm our reputation and
adversely impact our business, operating results, and financial
condition; if our enterprise platform offerings do not interoperate
with our customers’ network and security infrastructure, or with
third-party products, websites or services, our results of
operations may be harmed; we may not timely and cost-effectively
scale and adapt our existing technology to meet our customers’
performance and other requirements; our ability to introduce new
products and solutions and features is dependent on adequate
research and development resources and our ability to successfully
complete acquisitions; our success depends, in part, on the
integrity and scalability of our systems and infrastructure; we
rely on third-party cloud providers to host and operate our
platform, and any disruption of or interference with our use of
these offerings may negatively affect our ability to maintain the
performance and reliability of our platform which could cause our
business to suffer; we rely on software and services from other
parties; we have a history of losses, and we may not be able to
achieve or sustain profitability in the future; if organizations do
not adopt cloud, and/or SaaS-delivered external cybersecurity
solutions that may be based on new and untested security concepts,
our ability to grow our business and our results of operations may
be adversely affected; we have experienced rapid growth in recent
periods, and if we do not manage our future growth, our business
and results of operations will be adversely affected; we face
intense competition and could lose market share to our competitors,
which could adversely affect our business, financial condition, and
results of operations; competitive pricing pressure may reduce
revenue, gross profits, and adversely affect our financial results;
adverse general and industry-specific economic and market
conditions and reductions in customer spending, in either the
private or public sector, including as a result of inflation and
geopolitical uncertainty such as the ongoing conflict between
Russia and Ukraine, may reduce demand for our platform or products
and solutions, which could harm our business, financial condition
and results of operations; the COVID-19 pandemic could adversely
affect our business, operating results, and financial condition; if
we fail to adapt to rapid technological change, evolving industry
standards and changing customer needs, requirements or preferences,
our ability to remain competitive could be impaired; one U.S.
government customer accounts for a substantial portion of our
revenues; and we rely heavily on the services of our senior
management team.
Additional information concerning these, and other risks, is
described under the “Risk Factors,” “Management’s Discussion and
Analysis of Financial Condition and Results of Operations of
ZeroFox”, and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations of IDX” sections of our final
prospectus filed with the Securities and Exchange Commission (the
“SEC”) pursuant to Rule 424(b) under the Securities Act of 1933 on
April 12, 2023, in connection with our registration statement on
Form S-1 and in subsequent reports that we file with the SEC. We
expressly disclaim any obligation to update any of these
forward-looking statements, except to the extent required by
applicable law.
ZeroFox Contacts:
Media InquiriesMalory Van
Guilderzerofox@skyya.com
Investor RelationsTodd
Wellerinvestor@zerofox.com
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