(Reuters) – Cybersecurity provider KnowBe4 Inc said on Wednesday that Vista Equity Partners would take it private in a sweetened deal that values the company at $4.6 billion.
The offer values each share of KnowBe4 at $24.90, compared with the $24 Vista had offered in September.
Shares of KnowBe4 shot up 11.4% to $24.05 in premarket trading.
KnowBe4 provides security awareness training with simulated phishing attacks on its platform, made popular by the rise of hybrid work.
Private equity firms have this year been scooping up technology companies whose shares have taken a beating from worries over rising interest rates and an economic slowdown.
The Wall Street Journal first reported the news earlier on Wednesday.
(Reporting by Savyata Mishra in Bengaluru; Editing by Devika Syamnath)
