April 17, 2023

ZeroFox to Acquire LookingGlass, Broadening Global Attack Surface Intelligence Capabilities

Deal strengthens ZeroFox’s External Cybersecurity Platform with industry-leading attack surface management (EASM) and threat intelligence capabilities

WASHINGTON, April 17, 2023 (GLOBE NEWSWIRE) — Today, ZeroFox (Nasdaq: ZFOX), an enterprise software-as-a-service leader in external cybersecurity announced a definitive agreement to acquire LookingGlass Cyber Solutions, Inc., a leader in external attack surface management and global threat intelligence. In today’s digital-first world, the rapidly expanding external attack surface has become a veritable playground for cybercriminals and nation-state actors alike, posing an ever-growing threat to enterprise and public sector organizations worldwide. Integrating LookingGlass’s industry-leading attack surface and threat intelligence capabilities into the ZeroFox External Cybersecurity Platform will enable our customers to build a robust security posture by providing world-class visibility into external attack surface assets and vulnerabilities, including improved actionable intelligence to disrupt emergent threats.

As organizations embrace digital transformation, the same externally-available digital platforms these organizations use to do business are equally available to malicious actors, creating new opportunities for exploitation. This escalating threat landscape underscores the urgent need for organizations to adopt comprehensive security strategies emphasizing proactive monitoring, continuous assessment, and remediation of their public attack surface vulnerabilities to defend against the mounting challenges of persistent cyber adversaries.

“The acquisition of LookingGlass is a natural extension of our strategy to provide our customers with a single end-to-end platform for protecting their external attack surface from increasingly sophisticated cyberattacks,” said James C. Foster, Chairman and CEO of ZeroFox. “We are bringing together passionate teams that have been partners for years, and proven world-class capabilities across attack surface management, digital risk protection, threat intelligence and breach response to continue our leadership in external cybersecurity.”

With one of the most comprehensive internet-facing attack surface intelligence data lakes, LookingGlass empowers public sector organizations, large enterprises, and industry security alliances at scale by providing extensive discovery, intelligence and cyber defense capabilities. These unique capabilities allow organizations to identify and assess threats in support of remediation strategies against the most sophisticated cyberattacks. The combination of intelligence and action enables some of the world’s largest organizations to inform their security teams about cyber risks ahead of full-fledged attacks.

“The mission at LookingGlass is to protect our customers by providing unmatched attack surface intelligence for global threat visibility and cyberattack disruption,” said Bryan Ware, CEO of LookingGlass. “Joining ZeroFox allows us to expand the capabilities we provide security teams to defend against cybercriminals and nation-state actors.” Ware, a cybersecurity industry veteran, former Assistant Director of CISA at the Department of Homeland Security, the Nation’s cyber defense operations lead, will join the ZeroFox executive team as part of the transaction.

Transaction Details

Under the terms of the agreement, ZeroFox will acquire LookingGlass for approximately $26 million, primarily in stock (9.4 million shares), combined with convertible debt and cash, subject to purchase price adjustments and performance earnouts. The acquisition is expected to close within the next 30 days. ZeroFox will provide additional guidance during the Q1 FY24 earnings call.

Stifel Financial Corp. served as exclusive financial advisor to ZeroFox on the transaction.

Investor Conference Call Information

ZeroFox will host a conference call to discuss the acquisition today April 17, 2023 at 8:30 a.m. Eastern Time. To access this call via webcast, please use this link: ZeroFox Business Update. The live webcast and a webcast replay of the conference call can be accessed from the investor relations page of ZeroFox’s website at https://ir.zerofox.com.

Learn More

To learn more about ZeroFox solutions, visit our website. Bookmark the ZeroFox Blog to keep up with our expert coverage on the latest in External Cybersecurity.

About ZeroFox

ZeroFox (Nasdaq: ZFOX), an enterprise software-as-a-service leader in external cybersecurity, has redefined security outside the corporate perimeter on the internet, where businesses operate, and threat actors thrive. The ZeroFox platform combines advanced AI analytics, digital risk and privacy protection, full-spectrum threat intelligence, and a robust portfolio of breach, incident and takedown response capabilities to expose and disrupt phishing and fraud campaigns, botnet exposures, credential theft, impersonations, data breaches, and physical threats that target your brands, domains, people, and assets. Join thousands of customers, including some of the largest public sector organizations as well as finance, media, technology and retail companies to stay ahead of adversaries and address the entire lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are trademarks or registered trademarks of ZeroFox, Inc. and/or its affiliates in the U.S. and other countries. Visit www.zerofox.com for more information.

About LookingGlass Cyber Solutions, Inc.

LookingGlass is the global cybersecurity leader enabling national, industrial, and enterprise-scale decisions with unparalleled, curated intelligence on critical assets, risks, and sectors. For more than a decade, the most advanced organizations in the world have trusted LookingGlass to help them protect their economic and national security interests. Find out how we can help your organization at https://lookingglasscyber.com.

Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including statements related to benefits from the transaction, including expected from revenues and accretiveness of the transaction, and the ability of ZeroFox to achieve its objectives and plans with the acquisition of LookingGlass are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by ZeroFox or any other person that the events or circumstances described in such statement are material. These risks and uncertainties include, but are not limited to, the following: our ability to recognize the anticipated benefits of the transaction; the ability of ZeroFox and LookingGlass to consummate the transaction as expected; defects, errors, or vulnerabilities in the ZeroFox platform, the failure of the ZeroFox platform to block malware or prevent a security breach, misuse of the ZeroFox platform, or risks of product liability claims that would harm our reputation and adversely impact our business, operating results, and financial condition; if our enterprise platform offerings do not interoperate with our customers’ network and security infrastructure, or with third-party products, websites or services, our results of operations may be harmed; we may not timely and cost-effectively scale and adapt our existing technology to meet our customers’ performance and other requirements; our ability to introduce new products and solutions and features is dependent on adequate research and development resources and our ability to successfully complete acquisitions; our success depends, in part, on the integrity and scalability of our systems and infrastructure; we rely on third-party cloud providers to host and operate our platform, and any disruption of or interference with our use of these offerings may negatively affect our ability to maintain the performance and reliability of our platform which could cause our business to suffer; we rely on software and services from other parties; we have a history of losses, and we may not be able to achieve or sustain profitability in the future; if organizations do not adopt cloud, and/or SaaS-delivered external cybersecurity solutions that may be based on new and untested security concepts, our ability to grow our business and our results of operations may be adversely affected; we have experienced rapid growth in recent periods, and if we do not manage our future growth, our business and results of operations will be adversely affected; we face intense competition and could lose market share to our competitors, which could adversely affect our business, financial condition, and results of operations; competitive pricing pressure may reduce revenue, gross profits, and adversely affect our financial results; adverse general and industry-specific economic and market conditions and reductions in customer spending, in either the private or public sector, including as a result of inflation and geopolitical uncertainty such as the ongoing conflict between Russia and Ukraine, may reduce demand for our platform or products and solutions, which could harm our business, financial condition and results of operations; the COVID-19 pandemic could adversely affect our business, operating results, and financial condition; if we fail to adapt to rapid technological change, evolving industry standards and changing customer needs, requirements or preferences, our ability to remain competitive could be impaired; one U.S. government customer accounts for a substantial portion of our revenues; and we rely heavily on the services of our senior management team.

Additional information concerning these, and other risks, is described under the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations of ZeroFox”, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations of IDX” sections of our final prospectus filed with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 424(b) under the Securities Act of 1933 on April 12, 2023, in connection with our registration statement on Form S-1 and in subsequent reports that we file with the SEC. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.

ZeroFox Contacts:

Media Inquiries
Malory Van Guilder
zerofox@skyya.com

Investor Relations
Marc P. Griffin, ICR
investor@zerofox.com

GlobeNewswire Distribution ID 8808801

April 17, 2023

Task team to fast-track Marianhill police station construction

The KwaZulu-Natal provincial government has recommended the establishment of a multi-agency task team that will fast-track the construction of a new police station in Mariannhill, near Pinetown.

Economic Development, Tourism and Environmental Affairs MEC, Siboniso Duma, made the announcement during his oversight visit to the Marriannhill Police Station on Sunday.

Duma, who is also a leader of government business, led the provincial government delegation during the Premier’s Crime-Fighting Imbizo, held at KwaNdengezi sport field.

Duma said the move to build the new police station follows Premier Nomusa Dube-Ncube’s announcement on drastic interventions to take the war to criminals and build safer communities, made during the State of the Province Address in February.

Mariannhill has made headlines due to acts of extreme violence and wanton shootings of people by brazen criminals.

These include five people who were gunned down in a vehicle repair workshop in February and 14 people killed in separate incidents, which left the community living in fear.

The construction of the new police station is the provincial government’s commitment to increase law enforcement in KwaNdengezi and surrounding areas, which are serviced by Mariannhill and KwaNdengezi police stations.

Duma said the National Department of Public Works and Infrastructure Development, together with eThekwini Municipality, have identified land to build a new police station in Mariannhill.

Once formed, the task team which will include three spheres of government, will meet regularly to clear all bottlenecks that may delay the construction of the new police station.

The MEC said the police station will be a modern facility with advanced technology, which will respond to the provincial government’s resolve to confront crime head on and close all spaces for criminals.

“The new police station will go a long way in fighting rampant crime in Mariannhill, Mariannridge, Dassenhoek, KwaNdengezi and surrounding areas. As government, we cannot rest on our laurels while our communities are held at ransom by criminals who kill with impunity.

“The new police station will allow for quicker response times to emergency situations, provide a more visible policing and offer specialised services to the community.”

Duma condemned the multiple killings of people, including the proliferation of drug dens and drug abuse by young people in these areas, and urged the communities to work with government and police to root out crime in KwaZulu-Natal.

Police officers who are suspected of colluding with criminals in the commission of crime in the area were also condemned. Meanwhile law enforcement officers were urged to operate in a fair and just manner, while serving the community.

However, Duma warned that building a new police station alone may not be enough to address the root causes of crime in the community.

“Addressing poverty, inequality, and social ills also plays a critical role in reducing crime rate,” he said.

The MEC also visited KwaNdengezi Police station to monitor crime and gender-based violence (GBV) cases, as well as challenges faced by the police stations.

During his visit to the two police stations, Duma unveiled two park homes that will serve as victim-friendly rooms where GBV victims will receive psycho-social support. – SAnews.gov.za

Source: South African Government News Agency

April 17, 2023

Public comment sought on exclusion of expansion of solar PV from environmental authorisation

Forestry, Fisheries and the Environment Minister, Barbara Creecy, has begun the public consultation process on the intention to exclude the development and expansion of solar photovoltaic (PV) and battery storage facilities from the requirement to obtain environmental authorisation.

The intention of the proposed exclusions is aimed at improving the efficiency of the environmental assessment process.

“In addition, these exclusions intend to simplify the deployment of solar PV and battery storage facilities, to expedite the generation of electricity from renewable energy resources, facilitate the distribution of this generation capacity and contribute to addressing the existing electricity shortages currently being experienced by the country,” said the Department of Forestry, Fisheries and the Environment.

In a statement on Monday, the department said the exclusions apply when the facilities are developed in areas confirmed to be of “low” or “medium” environmental sensitivity and will be subject to a site sensitivity verification, compliance to a site-specific environmental management programme and a registration process.

This is in line with the sector’s ongoing efforts to simplify the environmental legislative impact assessment framework for energy projects whilst ensuring that environmental protection is not compromised.

Members of the public are invited to submit written comments or input within 30 days of publication of both Government Notices to any of the following addresses:

By post to: Director-General, Department of Forestry, Fisheries and the Environment

Source: South African Government News Agency

April 17, 2023

Embassies of China, Sweden &amp; British Extend Easter Best Wishes to Ethiopians

Embassies of China, Sweden and British in Addis Ababa have extended Easter holiday best wishes to all Ethiopian Christians.

The Embassy of the People’s Republic of China in Addis Ababa has extended best Easter wishes to all Ethiopian Christians.

The Embassy said in its best wish message “The Embassy of the People’s Republic of China wishes our brothers and sisters of this beautiful country a happy and blessed Ethiopian Easter.”

The Embassy of Sweden stated in its message that “Melkam Fasika from the Embassy of Sweden to all Ethiopian Christians. We wish you a joyous Easter holiday.”

The British Embassy in Addis Ababa has also extended a happy Ethiopian Easter holiday to all Ethiopians.

A number of other embassies of various countries based in Addis Ababa have wished a delightful Easter festivity to all Ethiopians.

The Embassies of Netherlands, Denmark, Israel, Russia, Iran, Mexico, the United States, German, Italy, Pakistan, and Austria among others have extended best Easter festival wishes to Ethiopian Christians.

Source: Ethiopian News Agency

April 17, 2023

Mineral Development Fund builds community centre for Ahansonyewodea

The Obuasi East District Assembly in collaboration with the Minerals Development Fund (MDF), has commissioned a multi-purpose community centre at Ahansonyewodea, a mining community in Obuasi.

The facility, which will serve as venue for all forms of social activities and funded by the MDF at a cost of GHC 400,000.00, is part of three projects selected by the Local Mining Committee (LMC) to be constructed from the Fund.

With the commissioning of the ultra-modern facility, residents would no longer hire canopies and chairs at exorbitant prices for their social events, thereby bringing huge relief for the people.

The facility comes with spacious auditorium, lavatories, additional rooms as well as a mechanised borehole.

Madam Faustina Amissah, the District Chief Executive (DCE) for Obuasi East, at a ceremony to commission the facility, said the construction of the centre was an indication of judicious use of the fund for the benefit of mining communities.

‘Since the LMC was formed in 2020, this is the first project we have commissioned. Currently, the construction of CHPS compound and Nurses quarters at Kwameduakrom is progressing steadily while another CHPS compound and Nurses quarters at Anyimadukrom will start in earnest,’ the DCE revealed.

She called for effective management of the facility and expressed hope that revenue generated from the usage of the centre would help maintain it.

The MDF was set up by the Minerals Development Fund Act, 2016 (Act 912) to provide financial resources for the direct benefit of mining communities, institutions responsible for the development of the mining sector, as well as traditional and local government.

The passage of the MDF necessitated the formation of LMCs to administer the fund, which was previously lodged and managed through the Consolidated Fund.

The LMC is responsible for selecting projects for beneficiary communities while the MDF secretariat provides funding for the approved projects.

Mr. Kwaku Sakyi Addo, Board Chairman of the MDF lauded the Local Management Committee in the District for spearheading the construction of the project.

He said the project would immensely help the community who struggled to find a place to host their social events and gatherings.

He admonished the community to maintain the facility to stand the test of time saying, ‘this project emanated from a needs assessment done by the LMC, which means it is the project the community has called for. I will entreat you to own it and protect it to serve future generations,’ he stated.

Source: Ghana News Agency

April 17, 2023

CSIR donates ‘Thanksgiving proceeds’ to National Cardiothoracic Centre

The Council for Scientific and Industrial Research (CSIR) has donated the proceeds from its annual Thanksgiving service totaling 10,000 Ghana cedis to the National Cardiothoracic Centre (NCTC) to support their efforts in providing quality healthcare to Ghanaians.

The donation is part of corporate social responsibility (CSIR) initiatives and a commitment by the Council to improving the lives of people, particularly the most vulnerable in society.

The National Cardiothoracic Centre is one of the leading healthcare facilities in Ghana, providing specialised treatment for heart and lung diseases.

The donation from CSIR will go a long way in supporting the centre’s mission to provide affordable and accessible healthcare to all Ghanaians.

On behalf of the Director-General of CSIR, Professor Paul Pinnock Bosu, Mrs. Genevieve Yankey, Director of Administration, CSIR, presented both the dummy cheque and the original cheque to Professor Mark Tettey, Ag. Director, NCTC.

Mrs. Yankey, who was flanked by Ms. Benedicta Nkrumah-Boateng, Head of Corporate Affairs, CSIR, presented the Council’s vision and mission as the foremost science, technology, and innovation institution with the goal of harnessing the power of science and technology to create wealth through research and the development of innovative technologies to accelerate Ghana’s industrial development.

She emphasised that the donation was in line with Council’s commitment to supporting the development of science and technology in Ghana, and expressed hope that it would contribute to the growth of NCTC and its efforts to promote science education in the country.

She further stated that in 2015, the council hosted its first Thanksgiving ceremony for the southern sector institutes, during which renowned clerics led CSIR in praise and thanksgiving to God for his blessings, and that the occasion has since rotated among the Accra institutes.

The Thanksgiving ceremony has become an annual event that brings together staff, stakeholders, and partners to reflect on the achievements of the council and give thanks for their successes.

The CSIR hopes to continue supporting initiatives that promote science education and development in Ghana through similar donations and events.

She explained that, in addition to serving as a corporate platform to express gratitude to God, the money from the offerings was sent to the Korle-Bu Teaching Hospital to fund the National Cardiothoracic Centre as part of the CSIR’s corporate social responsibility.

Professor Mark Tettey, Ag Director, NCTC, said the donation would go a long way in assisting the Cardiothoracic Centre to provide adequate healthcare services to patients, and commended the CSIR’s commitment to supporting healthcare in Ghana, saying ‘this is commendable and should be emulated by other organisations.’

On the sidelines of the presentation, he told the Ghana News Agency that the centre received roughly 14 theatre patients every month, while the outpatient department alone handled over 1000, and another 50 to 60 patients were hospitalised each month.

He added that as over 90 percent of patients cannot afford treatment, the donation would help to improve the centre’s capacity to provide quality healthcare services and reduce the burden on patients who travel long distances to access healthcare.

Professor Tettey also stated that the centre relied heavily on the generosity of individuals and corporate organisations and urged other organisations to emulate the CSIR’s example and support healthcare at the national cardiothoracic centre.

He further emphasised the need for more support from both the public and private sectors to help the centre repair its broken down facilities and provide services to meet the growing

demand for cardiovascular care in Ghana, stating, ‘If we can get just one million Ghanaians to donate a bottle of Fanta every month [the monetary value of a bottle of Fanta] to the centre, we can do surgeries free of charge and we don’t have to be going to TVs and others.’

Professor Tettey’s called for support from individuals and corporate organisations highlights the importance of collective efforts in improving healthcare in Ghana, and with more support from both the public and private sectors, the national cardiothoracic centre could expand its facilities and services to meet the growing demand for cardiovascular care, ultimately providing free surgeries to those who need them most.

Source: Ghana News Agency