Arctic wolf, a managed cybersecurity company that offers a “security operations as a concierge” service, has acquired Habitu8, a security awareness and training content platform.
Terms of the agreement – which comes just two months after Arctic Wolf secured $ 150 million in Series F funding –Were not announced, but someone with knowledge of the matter told TechCrunch he was paid with a combination of cash and equity. Arctic Wolf will acquire between 60 and 70 customers as a result of the takeover, the source added.
Habitu8 was co-founded in 2017 by Jason Hoenich, who previously led safety training initiatives at Sony Pictures Entertainment, Walt Disney and Activision Blizzard. The startup, which has completed three rounds of funding, takes a ‘Hollywood-style’ approach to cybersecurity awareness, including live video, which it says has been shown to be effective in strengthening the human element of security .
Following the acquisition, Hatu8’s learning platform will be combined with the Managed Security Awareness offering from Arctic Wolf (which the company says TechCrunch has delivered to “hundreds” of customers since its inception. launch in May this year) to create the industry’s first safety awareness. and a training program delivered as a concierge service.
“We know that education and awareness programs are the cornerstone of the fight against cyber risk,” said Nick Schneider, President and CEO of Arctic Wolf. “Unfortunately, the content offered by most security programs is inferior, often tedious, and ultimately does not effectively meet the needs of modern users who expect high-quality, on-demand experiences like Netflix.
“With the addition of Habit8 to the Arctic Wolf Platform, we will deliver modern, high-quality safety awareness and training programs as a managed service, which, combined with our expert advice on janitorial services, will significantly strengthen the overall security operations of customers. “
Hoenich will also join the Arctic Wolf team as vice president of service delivery and lead the management and delivery of security awareness.
“The data tells us that humans need continuous, engaging, and memorable content to retain and resonate with training concepts,” he said. “I have no doubts that the combination of the power of Arctic Wolf Managed Security Awareness and the Arctic Wolf Platform with our Hollywood-style content will make it the most effective and sought-after solution on the market for clients of all sizes. .
The acquisition of Habit8 by Arctic Wolf is probably the first of many acquisitions on the company’s roadmap; in July, the company told TechCrunch it plans to make “between five and 10 acquisitions” over the next 12 months.