ZeroFox Now Publicly Traded Company After SPAC Merger

ZeroFox, an external cybersecurity provider, is now a publicly traded company with the closing of its merger with special purpose acquisition company (SPAC) L&F Acquisition Corp.

As part of the deal, ZeroFox acquired IDX. ZeroFox is now trading on the Nasdaq stock exchange under the ticker symbol “ZFOX.”

James Foster is ZeroFox‘s CEO. He said partners will benefit from ZeroFox becoming a publicly traded company.

ZeroFox’s James Foster

“ZeroFox partners will be able to deliver to their customers the first end-to-end external cybersecurity offering, including solutions to expose and disrupt cyberattacks, mitigate the risk of breaches, manage breach response and required notifications, and disrupt future threats,” he said. “With our acquisition of IDX, the new combined solution extends the value of the partner’s relationship with their customers by providing a strategic solution not offered anywhere else. By going public, we are accelerating our growth strategy to further invest in product innovations.”

Partners Play Big Role in ZeroFox’s Growth

ZeroFox is heavily invested in its channel strategy, and partners play a large role in its overall growth, Foster said.

“Partners extend our reach to new markets, both geographically and vertically,” he said.

Partners help ZeroFox build relationships with large enterprises, Foster said. They also ensure the company is providing solutions that are relevant to their unique use cases.

The acquisition of IDX, and subsequent integration of its data privacy and breach response services will provide extended external cybersecurity to new and existing ZeroFox customers, Foster said.

“Over the next several months, we will be integrating the IDX solutions into the ZeroFox platform portfolio to expand our ZeroFox Response offerings,” he said. “These solutions will include breach response services, privacy protection and more advanced executive protection and privacy solutions.”

Adam Gerchen is L&F‘s CEO.

“Together with IDX, [ZeroFox] will provide a holistic offering to meet the growing demand for external threat protection and breach response services,” he said.

In January, ZeroFox unveiled its Adversary Disruption service. It automates the dismantlement of malicious infrastructure, content, sites and bot accounts required to conduct external cyberattacks.