Boxphish acquires Trillion to boost cyber risk solutions

Boxphish has announced its acquisition of Trillion, a threat intelligence service that tracks credentials shared on the dark web.

Based in Leeds, Boxphish specialises in human risk management platforms and aims to enhance its ability to assist organisations in managing cyber risks related to human behaviour through this acquisition. The Trillion technology provides customers with visibility of leaked credentials associated with their organisations, enabling them to take steps to mitigate risks.

This acquisition extends Boxphish's existing suite of products. These include cybersecurity training courses, customisable phishing simulations, and data analytics, all designed to equip organisations and their teams with the necessary knowledge and tools to combat cyber threats.

BGF, a prominent growth capital investor in the UK and Ireland, invested GBP £3.25 million in Boxphish in April to bolster its investment in products, talent, and partnerships. Boxphish's expansion aims to help more organisations stay ahead of the continuously evolving cyber threat landscape.

Commenting on the deal, Boxphish Chief Executive Officer Nick Deacon-Elliott stated: "This is another major step in our journey. Adding dark web monitoring to our product suite allows us to further strengthen visibility around human risk for our customers. By proactively monitoring billions of account credentials passing through dark markets and criminal forums, we now have the capability to pinpoint risk and notify users to act appropriately."

He added, "We've seen significant appetite for dark web monitoring alongside our cybersecurity awareness training platform so it's brilliant that this is now something that we can bring to market."

Stuart Jubb, CEO at Crossword, the previous owner of Trillion, remarked: "We're pleased to have found a new home for the Trillion technology and customers in Boxphish. Trillion already has several shared customers, including Leeds United FC and New College Worcester so the service will be undisrupted and continuing to protect customers' organisations. The deal also provides long-term security for customers having been acquired by a well-capitalised business with a strong track record in Boxphish."

Founded in 2020 by serial entrepreneurs Henry Doyle and Dan Bailey, alongside CEO Nick Deacon Elliott, Boxphish continues to expand its customer base and library of training courses, which offer relevant content needed by organisations across various sectors and sizes.

Boxphish received advisory services from Walker Morris for this deal, while Crossword was advised by Knights Corporate Finance.