ZeroFox Holdings, Inc., renowned for providing external cybersecurity services, recently announced its acquisition by Haveli Investments, a private equity firm with a tech focus. The arrangement has resulted in ZeroFox being delisted from Nasdaq, with stockholders receiving $1.14 per share in cash. ZeroFox anticipates strategic benefits as a private entity, backed by Haveli’s industry acumen and capital, to further its mission in creating a safer digital environment. CEO James C. Foster expresses his optimism for this new chapter, emphasizing the strengthened competitive edge and customer protection resulting from the partnership with Haveli. ZeroFox, a leader in digital risk protection and cyber threat intelligence, is positioned for substantial growth in the face of escalating digital threats. Haveli Investments’ Senior Managing Director, Ian Loring, projects that going private will furnish ZeroFox with the agility needed to combat emergent cybersecurity threats, leverage growth opportunities, and maintain its innovation pace. ZeroFox’s product suite includes AI-driven analytics and proactive measures against a plethora of digital risks, earning the trust of various industry sectors. Haveli, based in Austin, focuses its investments on top-tier companies within the technology sphere, offering both financial and strategic resources. The private equity firm aligns its investment strategy with DEI and sustainability principles. Meanwhile, forward-looking statements hint at anticipated avenues for ZeroFox’s business growth, albeit cautioning about potential risks noted in the company’s SEC filings.

Cybersecurity, Private Equity, Technology,United States, Austin, Texas

https://www.globenewswire.com/news-release/2024/05/13/2880447/0/en/Haveli-Investments-Completes-Acquisition-of-ZeroFox.html