HUMAN Security and PerimeterX Join Forces
July 28, 2022
HUMAN Security and PerimeterX are uniting in a market-changing
merger. With 77% of online security and fraud incidents being
bot-based, the merger highlights the importance of identifying
sophisticated bot attacks, fraud and account abuse before they
impact enterprises across advertising, marketing, e-commerce and
cybersecurity. The combined companies will comprise more than
450 employees under the HUMAN company name, 500+ customers and
have more than $100 million in ARR.
“The merger of these great companies brings together two
exceptional teams of humans to accelerate the vision for our
Human Defense Platform and to solve some of the most important
security challenges for the internet,” said HUMAN CEO and
Co-Founder Tamer Hassan, who will remain as CEO of the
go-forward company under the HUMAN brand. “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.”
“The PerimeterX mission has been to protect the apps that power
our daily lives with a portfolio of comprehensive application
protection solutions that detect and stop the abuse of identity
and account information on the web. With HUMAN’s vision and
successful approach to modern defense safeguarding enterprises
and internet platforms from attacks, it’s clear that we should
be allies,” said Omri Iluz, PerimeterX co-founder and CEO who
will now be president and GM of Enterprise Security of the
go-forward company. “I look forward to joining HUMAN’s Board of
Directors with our CTO, Ido Safruti. With the combined
companies’ mission-focused teams, industry-leading products and
complementary technology, we’re going to be an unstoppable force
against cybercriminals.”
Top customer use cases the combined companies safeguard
against with the Human Defense Platform include:
Media Security: Digital advertising fraud, CTV fraud and
misrepresentation, mobile app and SSAI malware, abuse and
spoofing, paid marketing manipulation, lead generation fraud,
loyalty program abuse, coupon and promotion fraud
Enterprise Security: Account takeover, fake account creation,
carding, client-side supply chain attacks, digital skimming, PII
harvesting, web scraping, scalping and denial of inventory
Each year, cybercriminals become increasingly sophisticated,
making bot attacks and fraud the leading cyber threat challenges
of this decade. In April 2022, Forrester Research released The
Forrester Wave™: Bot Management Q2 2022 report where author,
Principal Analyst Sandy Carielli, noted, “Bad bots continue to
consume resources and overwhelm organizations, accounting for at
least a quarter of all internet traffic.”
In the evaluation that included both organizations, Carielli
wrote in the report, “HUMAN is a strong choice for customers
wanting white glove service and deep expertise in both marketing
and security bot attacks.” In its separate profile she noted,
“PerimeterX is a strong choice for customers in e-commerce,
travel and hospitality, and financial services.”
HUMAN’s Modern Defense advantage includes:
- Internet Visibility
Advantage:
- 15 trillion internet verifications/week on over 3 billion devices per month
- 10 years of combating adversary attack vectors, tools and methodologies
- Network Effect Advantage:
- Collective Protection across 500+ customers and partners (The Human Collective)
- 3,000 dynamic network, device and behavioral signals across 600+ algorithms
- Unmatched scale, speed and precision
- Proactive adaptation where protection of one customer means protection of all
- Disruption Advantage:
- Actionable threat intelligence with the Satori Threat Intelligence Team of experts
- Disruptions that takedown cybercriminal organizations: PARETO, 3ve and Methbot.
The merger has been approved by
both companies’ board of directors and has received
regulatory approval. As part of the market-changing
move, HUMAN has received a $100 million debt
facility from Blackstone Credit on the heels of a
$100 million growth
funding round led by WestCap and NightDragon
earlier this year. Terms were not disclosed.
HUMAN is a remote-first company, sharing the same important values to best protect our customers. To learn more about the market-changing HUMAN-PerimeterX merger, see the joint blog from HUMAN CEO Tamer Hassan and PerimeterX CEO Omri Iluz, and visit with us at Black Hat 2022.
DBO Partners is serving as exclusive financial advisor to HUMAN. Sullivan & Cromwell LLP is serving as legal counsel to HUMAN. JMP Securities, a Citizens Company, is serving as exclusive financial advisor to PerimeterX. Fenwick & West LLP is serving as legal counsel to PerimeterX.