ZeroFox, an external cybersecurity solutions provider, has announced that it will acquire LookingGlass, a threat intelligence and attack surface management company. The acquisition is intended to integrate LookingGlass technology into ZeroFox’s platform to provide better visibility into external attack surface assets and vulnerabilities.
ZeroFox plans to purchase LookingGlass for about $26 million in stock (9.4 million shares), along with convertible debt and cash. The deal is expected to close within 30 days.
Additionally, ZeroFox offers a range of services and capabilities aimed at helping businesses detect and disrupt cyber threats. The company provides protection against phishing and other threats that can damage a customer’s brand, as well as threat intelligence services, incident response, and “disruption” services such as domain and social media takedowns, personal information removal from data brokers, and adversary disruption.
Furthermore, this announcement follows ZeroFox’s recent partnership with Google Cloud to disrupt phishing attacks by alerting users to malicious domains. The company’s stock surged on the news but fell back in the following days.
ZeroFox started trading on Nasdaq in August 2022 after being combined with incident response services company IDX in a special purpose acquisition company (SPAC) deal.
An analysis by SecurityWeek found that there were over 450 cybersecurity-related mergers and acquisitions announced in 2022, including 17 deals involving threat intelligence companies and 10 involving web security firms.
