PhishMe’s sale to a private equity syndicate for $400 million


Cooley LLP served as Cofense’s outside legal counsel, and Boston Meridian served as the company’s financial advisor for the acquisition.

PhishMe®, the leading provider of human-driven phishing defense solutions world-wide, today announced that the company has been acquired and has changed its name to Cofense™. The acquisition by a private equity consortium valued the company at $400 Million.

Cofense now has the added backing of multiple private equity firms to support future innovation via organic and inorganic growth initiatives. With hundreds of enterprise customers in more than 50 countries and across 23 industry verticals, Cofense will continue to deliver leading solutions in phishing defense by offering solutions that sit at the intersection of human intelligence and technology.

Cofense™, formerly PhishMe®, is the leading provider of human-driven phishing defense solutions world-wide. Cofense delivers a collaborative approach to cybersecurity by enabling organization-wide engagement to active email threats. Our collective defense suite combines timely attack intelligence sourced from employees with best-in-class incident response technologies to stop attacks faster and stay ahead of breaches.?Cofense customers include Global 1000 organizations in defense, energy, financial services, healthcare and manufacturing sectors that understand how changing user behavior will improve security, aid incident response and reduce the risk of compromise.

Cooley advised PhishMe with a team including Andrew Lustig (Picture), Marc Samuel, Chelsea Jenrette, Matthew Schwee, Edward Sniezek, Kevin Milgram, Lila Inman, David Walsh, Mary Maher Lewis, Buff Miller, Amanda Pacheco, Howard Morse, Sharon Connaughton, Randy Sabett, Bryan Berman, Elizabeth Lewis, MaryBeth Shreiner, Kevin King, Rebecca Ross, David Fletcher, Amy Josselyn, Michelle Garcia Schulman, Jonathan Bagg and Alex Weaver,

Involved fees earner: Andrew Lustig – Cooley LLP; Marc Samuel – Cooley LLP; Chelsea Jenrette – Cooley LLP; Matthew Schwee – Cooley LLP; Edward Sniezek – Cooley LLP; Kevin Milgram – Cooley LLP; Lila Inman – Cooley LLP; Alex Weaver – Cooley LLP; David Walsh – Cooley LLP; Mary Maher Lewis – Cooley LLP; Buff Miller – Cooley LLP; Elizabeth Lewis – Cooley LLP; MaryBeth Shreiner – Cooley LLP; Amanda Pacheco – Cooley LLP; Howard Morse – Cooley LLP; Sharon Connaughton – Cooley LLP; Randy Sabett – Cooley LLP; Bryan Berman – Cooley LLP; Kevin King – Cooley LLP; Rebecca Ross – Cooley LLP; Dave Fletcher – Cooley LLP; Amy Josselyn – Cooley LLP; Michelle Garcia Schulman – Cooley LLP; Jonathan Bagg – Cooley LLP;

Law Firms: Cooley LLP;

Clients: PhishMe, Inc.;

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Author: Ambrogio Visconti