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

Fresh wave of anti-LGBT violence sweeps Uganda

Uganda has seen a new wave of hatred and “anti-gay” demonstrations sweep through the country since January after a case of suspected paedophilia in a school became a pretext to condemn the entire LGBT community. Homosexuality is illegal in the country and punishable by imprisonment. But the authorities, including the president and his wife, want to strengthen anti-LGBTQ+ laws, and condemn being openly gay. Parliament passed a new “anti-homosexual” bill at the end of March, which worries the gay community in the country and has provoked outrage from many Ugandan and Western NGOs.

Source: France24.com

Uganda’s failure to jail child rapists as teen pregnancies soar

The shocking rise of sexual abuse of young girls in northern Uganda was revealed when it was reported that in the wake of the pandemic there was a more than four-fold increase in those aged 10-14 becoming pregnant. BBC Africa Eye has been looking at why perpetrators are getting away with the crime.

The heavily pregnant girl - no more than 12 years old - looks down at her hands as the local council chairman asks about her latest visit to the doctor.

It is the sort of question a family member should be asking, but this is no normal pregnancy.

The girl lives on her own in a small home, in Kitgum district, and is expected to give birth any day.

Her parents' cassava business failed, so they returned to their village to find money for the family.

"She was left here because here is a little bit nearer to the schools," chairman Obita David Livingstone says.

"But the unfortunate part, the next room here is where people drink. That alone has exposed her to a lot of challenges."

No-one knows who the father is, or what happened.

'Three cases a week'

BBC Africa Eye is only allowed to film this girl, who we are not naming, because Mr Livingstone said he wanted to raise awareness of the sexual violence happening in the community.

"In a week, we always have like three cases of defilement. Sometimes when we get the perpetrator, we have to tie them with ropes and take them, escort them to the police. But they don't bother to follow it up."

He is fed up with such levels of impunity.

"There is nobody who can really support the person who has been raped. To me I look at this justice as a weak justice," the local chairman says.

Defilement means unlawful sexual intercourse with a girl below the age of 18.

According to Uganda's Health Management Information System, pregnancies among girls between the ages of 10 and 14 increased by 366% during the country's first Covid lockdown (March-June 2020).

At the regional general hospital in Gulu nearly a quarter of all pregnancies in the last financial year were girls under 18, the age of consent in Uganda.

Dr Baifa Arwinyo, the head of obstetrics and gynaecology, said: "If I am talking of teenage mothers, all of them are defiled. They are teenagers, they are not supposed to be pregnant.

"You will find that young mothers are the highest proportion of those dying of obstructed labour. The younger the mother, the more the complication."

'Sexual abuse was a war strategy'

The high levels of sexual violence are thought to be a legacy of the two-decade conflict in northern Uganda, which was infamous for its brutality.

The war was started by Joseph Kony, head of the Lord's Resistance Army (LRA), a rebel group that wanted to overthrow the government.

His fighters were known for their inhumane treatment of those they abducted: maiming, cutting off lips and limbs, and forcing people into submission through fear.

It is estimated 40,000 children were abducted, forced to become soldiers or sex slaves, and 1.7 million people lived in internally displaced camps.

The rebels moved on from Uganda in 2008, but the after-effects of their atrocities are still present today, according to gender rights activist Pamela Angwech, director of Gulu Women Economic and Globalisation, a grassroots non-governmental organisation (NGO).

"Living within a toxic, minefield environment had long-term effects on the community. People are used to seeing dead bodies, people are used to seeing death. Sexual abuse was used as a military strategy by the LRA team.

"I describe it as the war was fought in the body of the woman and the woman became the battlefield."

Few people ever saw justice for the heinous crimes committed during the war.

One LRA commander, Dominic Ongwen, was tried at the International Criminal Court (ICC) and found guilty of 61 counts of war crimes and crimes against humanity in February 2021.

Kony is also wanted by the ICC but his whereabouts remain unknown.

According to lawyer Eunice Lakaraber Latim, who works for NGO Caritas, that legacy of a lack of accountability thrives in northern Uganda to this day.

"Growing up from Gulu, I saw so many children getting defiled, and most of those parents did not have the resources to pursue the justice that their children deserved."

'My child lives in pain'

Ms Latim took Africa Eye to the family of a three-year-old girl who was raped by a relative.

The mother only found out after she noticed the child's style of walking changed. When the police came to arrest her relative, she says they asked her for money to "transport him".

"I was then expected to feed the prisoner," says Ms Latim.

"You have to literally pay your way to get justice. You have to pay money for fuel to have the suspect apprehended.

"You're supposed to provide feeding for them while they're still at the police station."

The suspect was held for six months, but because some of the correct legal procedures were not followed, he was released on bail. The mother simply did not have the means to keep pursuing the case.

Police and medical reports confirm that the three-year-old had been infected with a sexually transmitted disease.

"My child is still in pain, even now. The infection has never healed," her mother said.

"He should face a prison sentence. I didn't want it to end this way."

Ms Latim says it is not unusual for the justice system to fail victims, saying they have had a number of cases that have fallen apart.

"There is a lot of corruption. People don't fear committing crimes here, because they say, if you have money, you will get out. That is what is happening."

Nachula Damalie, the regional police commander of Aswa, acknowledges the problems with how some cases are handled, but she denied corruption is rife.

"We are not supposed to ask a victim to pay for our services. But sometimes I should accept that we can run out of fuel. Yes.

"Now with the corruption, it has been a general perception that police officers are corrupt, but not all are corrupt, just like any other institution would be. We have good ones and bad ones."

The Minister of State for Northern Uganda, Grace Freedom Kwiyucwiny, also admits there are problems.

"I can't deny corruption. Corruption is there. It's at all levels, even at ministries' level," she says.

"We have laws on defilement, we have laws on incest, but somehow again, people just go behind the law and bribe police and then police say, 'OK, go and settle it at home.' There are cases which have been prosecuted, but the number is not high."

None of the suspects in any of the cases BBC Africa Eye investigated were prosecuted.

Source: BBC

“Eurobonds” issue portfolio represents 19% of the debt stock

Angola's portfolio of issues on the London stock market of international bonds, in the form of "Eurobonds", today represents around 19% of the debt stock, the Ministry of Finance has said.

Eurobonds are all securities issued in a market whose security currency is different from the issuing market currency, in this case the Kwanza.

The data were released by the Minister of Finance, Vera Daves, to the investors in the international financial market with present or future interest in Angolan bonds.

The ceremony took place during a roadshow held last week in Washington, USA, as part of the spring meetings of the World Bank and the International Monetary Fund (IMF), which ended on Sunday, April 16th.

The meeting was attended by around 60 representatives of various entities operating in the international financial market.

The Angolan minister of Finance, Vera Daves, addressed the main macroeconomic indicators and ongoing measures for public debt management, according to a note from the sector reached ANGOP on Monday (17).

“These are numbers that investors usually like to follow and hear firsthand from the portfolio holders”, said Vera Daves, stressing that verbal information is always better than just reading reports and statistics.

The 2023 General State Budget forecasts a public debt of around 45%.

At this event, Angola presented fiscal, monetary, exchange rate and real economy policies to investors in the international financial market with a present or future interest in Angolan securities.

The Angolan delegation, still within the framework of the meetings in Washington, held a meeting on Friday, 14th, with the Vice-president of the International Finance Corporation (IFC), Sérgio Pimenta, and senior staff of the institution.

During the meeting, Angola asked for greater commitment from the IFC in financing projects and initiatives from the private sector.

According to the available data, currently the pipeline of projects includes some components of technical assistance and consultancy, as well as short and long term financing, involving local banks such as BNI, BFA, BMA, among others.

In terms of infrastructure, such as transport and telecommunications, there are possibilities for IFC to get involved in supporting, in technical terms, the structuring of public-private partnerships (PPP).

IFC's Vice President, Sérgio Pimenta, recognised the existing operational difficulties, ensuring greater involvement of the organisation in the opportunities that arise.

During the meeting, priorities were aligned with a focus on supporting the private sector, such as grain production, livestock, fisheries and the structuring of PPPs, with emphasis on the transport, energy and water sectors.

The IFC-International Finance Corporation- is the World Bank Group wing dedicated to supporting the private sector and has been operating in Angola since 2019.

Source: Angola Press News Agency (APNA)

Germany seeking strengthened partnership with Angola

German ambassador to Angola Stefan Traumann Monday expressed his country’s availability to boost the strategic partnership with Angola and step up the exchange of experiences between the Parliaments of both countries.

The diplomat was speaking to the press at the end of a meeting with the National Assembly Speaker, Carolina Cerqueira.

Stefan Traumann considered the exchange of experiences crucial because the Parliaments are fundamental representations between the two countries and peoples.

The two interlocutors also discussed the support of the German Government in projects such as the construction of energy infrastructure (Caculo Cabaça Dam), renewable energies, in addition to the green hydrogen project, with the participation of Sonangol and a German company.

The German diplomat noted that his country also supports projects in Angola such as agribusiness, construction of hospitals and staff training. The two interlocutors also spoke of Angola's role in promoting peace on the continental region, especially in the east of the Democratic Republic of the Congo (DRC).

Stefan Traumann also told the National Assembly Speaker that the German Parliament will be represented with a high-level delegation at the 147th General Assembly of the Inter-parliamentary Union (UIP), scheduled for October this year, in Luanda.

Angola and Germany created the Bilateral Commission, as part of the "Joint Declaration of Intent", signed on 8 July 2011. It is a platform for exchanging opinions of a general nature on bilateral and multilateral issues of mutual interest, responsible for evaluation of the development of cooperation.

The parties are engaged in permanent development of bilateral talks, held,

mainly, since the visit of President João Lourenço to Berlin, in August 2018, as well as the delegations to Luanda of the Economic Affairs Committee of the Bundestag (German Parliament), in February 2019, and the President of the Federal Council, in July 2019.

Angola and Germany established diplomatic relations in 1979.

Angola and South Africa strengthen relations

Still on Monday, the first deputy Speaker of National Assembly, Américo Cunonoca, received, in audience, a South African Parliamentary delegation, with whom he established experiences in the parliamentary domain and the

management of public accounts.

Source: Angola Press News Agency (APNA)

Setbacks of terrorists in Kongoussi: Witnesses tell

In their plan to attack the Kongoussi military base, some terrorists advanced on foot, others pushed their motorcycles to avoid being spotted. But it was a waste of time, the Combatant Forces kept watch… The defeat was stinging for the forces of evil.

Very early on Sunday, April 16, 2023, terrorists once again tried to attack the Kongoussi military base.

“The shooting started around 4:40 a.m. with light weapons and continued with heavy weapons until 5:40 a.m.,” a witness told AIB.

According to another well-introduced source, the assailants divided into three groups to attack the military camp. A first group came from Nabeguian, another from the east side of the camp and the last group came to the Parish of Bâam.

According to the information received by the AIB, some terrorists came on foot and others pushed their vehicles so as not to be spotted.

“But with the vigilance of the elements of the outposts and the VDPs who were watching the grain, they were surprised by the violence of the response. They were struck down by the fighters and some were forced to throw down their weapons to flee,” our interlocutor explained.

Sunday, at midday and even before the end of the sweeps, 14 bodies were already exposed in front of the military camp and passers-by could observe them freely.

The Ground Forces were supported by air vectors in combat. Airstrikes also hit several of their own.

"There are other bodies scattered in the bush," another source said, claiming that at least 40 devices and weapons were recovered.

Some elements were even caught up in the town of Kongoussi as they tried to leave the town by transport companies or to hide among the population, after having abandoned weapons and mounts.

According to a statement from the army, twenty terrorists were neutralized, thirty motorcycles recovered, other materials destroyed and recovered.

Unfortunately, there are two deaths in the ranks of the FDS and two others injured.

As a reminder, armed groups have always put pressure on the Kongoussi military detachment since its establishment.

In early March 2023, another attempt was foiled by the military and the VDPs

Source: Burkina Information Agency

Burkina: More than a hundred terrorists neutralized and logistics recovered

Terrorists launched several attacks between Saturday and Sunday, probably to mark the assumption of command by a new leader. But the Combatant Forces neutralized more than a hundred among them and recovered important logistics, AIB learned from security sources on Sunday.

Near the Banh school in the Sahel, air vectors orbited a column of terrorists they were following.

The surgical strikes operated were conclusive and the assailants neutralized.

On Saturday, northeast of Ouahigouya, the enemy targeted a temporary stationing of the Combatant Forces, causing about forty casualties on the friendly side, during very violent combatants.

Fortunately, the attackers were subsequently spotted about thirty km from the scene by aerial vectors, before being decimated throughout the night.

Very early Sunday in Kongoussi, the terrorists who tried to attack a position of the Combatant Forces suffered a crushing defeat.

About ten of them were killed by the elements on the ground and the air vectors neutralized fugitives in several places.

Important logistics have been recovered by the brave fighters.

In Foutouri in the Eastern region, the Combatant Forces went to meet the enemy when they learned that he was planning to attack civilians.

Faced with the firepower of the Defense and Security Forces (FDS) and the Volunteers for the Defense of the Homeland (VDP), the terrorists fled but were short-circuited by air vectors.

The strikes made it possible to neutralize several of them.

According to our sources, the terrorists organized these attacks to mark the taking of command of a new leader because it is very likely that their leader Djaffar Dicko was killed by a Burkinabe army drone on April 1, 2023 in Nassoumbou .

It should be noted that the Combatant Forces have also ensured the past hours, the supply of several localities.

Our interlocutors ensure that the operations will intensify within the framework of the reconquest operation.

The FDS and the VDP ask the lost to save their lives, by surrendering their arms

Source: Burkina Information Agency

Kossi: 12 terrorists killed, material recovered

A VDP patrol neutralized yesterday Sunday, 12 terrorists in the department of Nouna and recovered equipment, the AIB learned Monday from security sources.

A municipal VDP reconnaissance patrol was ambushed on Sunday April 16, 2023 around 5 p.m. on the axis going to Tonkoroni, in the Nouna department.

Thanks to the responsiveness of the VDPs, the enemy was defeated and 12 terrorists were killed.

Important materials were recovered from the aggressors, including four motorcycles, an AK42 rifle, 6 AK42 chargers, 2 12-gauge rifles, 4 transmitters, 1 receiver, 1 solar plate and many other materials.

The VDPs registered an injured person, evacuated to Dédougou for appropriate care.

Source: Burkina Information Agency

Angola and Czech Republic reinforce bilateral cooperation

Angolan Minister of Foreign Affairs Téte António addressed Monday with the Minister of Foreign Affairs of the Czech Republic, Jan Lipavsky, issues related to the reinforcement of cooperation between the two countries, in the most varied domains.

In a telephone conversation, the two officials defended the need to set up a bilateral commission and exchange visits between the two countries, including at the highest level, according to a press note from the Angolan Ministry sent Monday to ANGOP.

The interlocutors considered it a priority for Angola and the Czech Republic to establish strong and effective cooperation in various fields.

Angola established political-diplomatic and cooperation relations with the Czech Republic on January 1, 1993, the date on which the new Czech State was constituted.

On December 1, 1999, the two countries signed a declaration on bilateral relations and, in 2006, the parties signed the memorandum of understanding and the development cooperation programme

Source: Angola Press News Agency (APNA)

Basketball: Primeiro D’Agosto to face Petro de Luanda

Primeiro D´Agosto will face Petro de Luanda this Monday at 6:30pm, as part of a five-game series planned in play-off for the National Senior Men's Basketball Championship, to take place in Cidadela pavilion.

In the first game Primeiro D'Agosto beat the opponent 76-71, while the second match was won by Petro de Luanda after beating Primeiro D´Agosto, 90-71.

However, Primeiro D'Agosto has 19 titles and Petro de Luanda that won the last three editions has 15 titles.

To reach the final game, Petro de Luanda beat Interclube 3-1.

Source: Angola Press News Agency (APNA)