KnowBe4, Inc. agreed to acquire Egress Software Technologies Ltd. from FTV Management Company, L.P. and AlbionVC on April 24, 2024. The transaction is expected to close in the coming months and is subject to customary closing conditions and regulatory approvals. Citigroup Global Markets Limited served as financial advisor to Egress and Shawn Atkinson, Natasha Ahmed, Mark Beeley, Katie Cotton, Simon Folley, Kelly Hagedorn, Anna Humphrey, Daniel Jones, Jonathan Rosen and Faraaz Samadi of Orrick, Herrington & Sutcliffe (Uk) Llp and Laura L. Becking, Jason D. Flaherty, Dolph Hellman, J. T. Ho, James Larkin, John Narduccio and Michael Wiesner of Orrick, Herrington & Sutcliffe LLP served as legal counsel to Egress. Justin Starling from Osborne Clarke LLP acted as legal advisor to AlbionVC. Gavin Gordon from Willkie Farr & Gallagher LLP (U.K.) acted as legal advisor to FTV Management Company, L.P. in the transaction.

KnowBe4, Inc. completed the acquisition of Egress Software Technologies Ltd. from FTV Management Company, L.P. and AlbionVC on July 2, 2024. The deal has received regulatory approvals.