Financial terms of the transaction were not released. Boxx appears to have wanted the target’s cybersecurity talent as well as the company & its IP. Templarbits CEO/co-founder will head up Boxx’s new R&D effort.
“…BOXX has announced the acquisition of Templarbit and the creation of a new R&D Division to deliver effective and affordable cybersecurity capabilities to businesses through intelligent automation and threat intelligence.”
“’Bringing Templarbit’s team and technology in-house was a natural next step for us,’ says Vishal Kundi, BOXX’s Co-Founder and CEO. ‘It shows how strategically important we believe proactive cyber risk protection is to the continued growth of our business.’
Source: BOXX further enhances cybersecurity capabilities with the acquisition of Templarbit, a cyber threat intelligence platform
