On April 17, LookingGlass announced plans to acquire LookingGlass for approximately $26 million.
This is technology M&A deal number 117 that MSSP Alert and sister site ChannelE2E have covered so far in 2023.
ZeroFox, founded in 2013, is based in Baltimore, Maryland. The company has 629 employees listed on LinkedIn. ZeroFox's areas of expertise include dark web monitoring, compromised credential monitoring and threat intelligence.
LookingGlass, founded in 2009, is based in Reston, Virginia. The company has 141 employees listed on LinkedIn. LookingGlass' areas of expertise include threat modeling, attack surface monitoring and threat intelligence.
What the LookingGlass Acquisition Means for ZeroFox
LookingGlass is part of ZeroFox's strategic plan and vision to deliver a "world-class end-to-end external cybersecurity platform," the businesses said.
ZeroFox is integrating LookingGlass' attack surface and threat intelligence capabilities into the ZeroFox External Cybersecurity Platform, the company said. In doing so, ZeroFox is enabling organizations to use the ZeroFox External Cybersecurity Platform to view their external attack surface assets and vulnerabilities. From here, organizations can generate security insights and find ways to improve their security posture.
James C. Foster, ZeroFox's CEO, commented on the LookingGlass acquisition:
"This acquisition strengthens our position in the external cybersecurity market and expands our platform's attack surface intelligence capabilities. We are committed to ensuring a seamless customer experience as we integrate the two companies and are confident that this acquisition will be valuable for our customers, employees and shareholders."
LookingGlass CEO Bryan Ware added:
"We are thrilled to join forces with ZeroFox and look forward to the opportunities this will bring to our customers and employees. Our shared values and combined vision will allow us to deliver even more value to the market and achieve greater success together."
ZeroFox Boosts Its Revenue in Q4FY23
The LookingGlass acquisition comes after ZeroFox reported $45.4 million in revenue and $156.7 million in annual recurring revenue in the fourth quarter of 2023, both of which were records for the company. ZeroFox also "exceeded the high end of revenue guidance" during the quarter, according to Foster.
ZeroFox is projecting revenue of $44-$44.6 million in Q1FY24 and $183-$187 million for FY24. In addition, ZeroFox is focused on "capturing the significant growth opportunities" in external cybersecurity in FY24, Foster noted.
Organizations can use the ZeroFox External Cybersecurity Platform to protect against phishing and fraud campaigns, botnet exposures and other external cyber threats. ZeroFox offers a partner program that lets MSSPs, MSPs and other technology providers incorporate this platform into their portfolios.