In February 2023, leading global investment firm Vista Equity Partners (Vista) acquired KnowBe4 in a take-private transaction. Stu Sjouwerman, Founder, Chairman and CEO of KnowBe4, made the following statement about the investment:
“Today’s acquisition is a significant milestone for the entire KnowBe4 team. It’s representative of our achievements to date, as well as our potential for continued long-term growth. Vista provides the resources and operational expertise to enhance customer value. We’re thrilled to embark on this next chapter and realize our goals for addressing cybersecurity’s weakest link.”
This partnership will enable KnowBe4 to enhance its cybersecurity offerings and expand its global footprint by leveraging Vista's decades of expertise and vast operating resources. KnowBe4 has received several recognitions since Vista’s investment, including being named to Inc. Magazine’s list of the 5,000 Fastest-Growing Private Companies in America.
Founded by Robert F. Smith in 2000, Vista focuses exclusively on enterprise software, data and technology-enabled businesses. The firm invests across private equity, permanent capital, credit and public equity strategies, working to create enduring market value for the benefit of its global ecosystem of investors, portfolio companies and employees.
Vista is committed to creating onramps to opportunity in the digital economy and partners with organizations like Girls Who Invest and KIPP to offer internships to young professionals traditionally underrepresented in the asset management industry.