PhishMe Sells to Private Equity Syndicate, Rebrands

Reston – March 02, 2018 – Cooley advised PhishMe, a leading phishing defense solutions company, on its sale to a private equity syndicate for $400 million and its subsequent rebranding as Cofense. Partner Andrew Lustig and special counsel Marc Samuel led the Cooley team advising the company.

“This acquisition further strengthens the alignment between our management team, employees and investors as we focus on building an enduring company,” said Rohyt Belani, Cofense CEO and co-founder, in a news release. “With cybersecurity a top priority for organizations everywhere, our goal is to continue bringing innovative products to markets around the globe to help stop active attacks faster than ever.”

According to Cofense, the added backing of multiple private equity firms will help 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 provides worldwide, human-driven phishing defense solutions. The company delivers a collaborative approach to cybersecurity by enabling organization-wide engagement to active email threats.

Cooley’s cyber/data/privacy practice is consistently recognized by industry publications, including Law360 and The Recorder. The practice includes 50+ lawyers counseling high-growth cyber companies at all stages – such as Rapid7, FireEye, Mandiant, Invincea and MobileIron – and protecting value for the world’s most dynamic companies, including Facebook, Google and Sony.

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