HUMAN Security, a bot and fraud protection company, is set to merge with PerimeterX under the HUMAN company name.
HUMAN Security sells technology capable of differentiating between bots and human transactions on the internet, protecting enterprises from fraudulent e-commerce actibity. The firm said its platform verifies the authenticity of over 15 trillion interactions per week for some of the largest companies and internet platforms.
PerimeterX, meanwhile, sells behaviour-based threat protection technology to help e-commerce giants deal with the challenge of bots ruining the online shopping experience.
According to Security Week, combined, the two companies will comprise over 450 employees, more than 500 customers have over $100m in ARR.
The merger has been approved by both firms’ board of directors and has received regulation approval. As a part of the deal, HUMAN received a $100m debt facility from Blackstone Credit after a $100m growth funding round led by WestCap and NightDragon earlier this year.
Terms of the merger were not disclosed.
HUMAN CEO Tamer Hassan said, “Together, we will deliver on our shared purpose of disrupting the economics of cybercrime, and we will offer enhanced protection for our combined global customers with an unparalleled modern defense strategy.”
Low-code application development platform Genesis Global recently received a $200m investment from Bank of America, BNY Mellon and Citi.
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HUMAN Security sells technology capable of differentiating between bots and human transactions on the internet, protecting enterprises from fraudulent e-commerce actibity. The firm said its platform verifies the authenticity of over 15 trillion interactions per week for some of the largest companies and internet platforms.
PerimeterX, meanwhile, sells behaviour-based threat protection technology to help e-commerce giants deal with the challenge of bots ruining the online shopping experience.
According to Security Week, combined, the two companies will comprise over 450 employees, more than 500 customers have over $100m in ARR.
The merger has been approved by both firms’ board of directors and has received regulation approval. As a part of the deal, HUMAN received a $100m debt facility from Blackstone Credit after a $100m growth funding round led by WestCap and NightDragon earlier this year.
Terms of the merger were not disclosed.
HUMAN CEO Tamer Hassan said, “Together, we will deliver on our shared purpose of disrupting the economics of cybercrime, and we will offer enhanced protection for our combined global customers with an unparalleled modern defense strategy.”
Low-code application development platform Genesis Global recently received a $200m investment from Bank of America, BNY Mellon and Citi.
Copyright © 2022 RegTech Analyst
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