Human Security merges with PerimeterX to thwart bots and automated fraud

The merging of Human Security and PerimeterX is focused on protecting web apps from account takeover and automated fraud. The deal's terms were not made public.

Once the two platforms are integrated, the combined entity will be known as Human Security, though when that will be isn't clear.

Tamer Hassan, the founder and CEO of Human, said that they have two excellent teams coming together and that they have already done an incredible amount of work together. We are doing everything we can to make the integration as quick and painless as possible so that our customers are getting the best of both products.

Human said that it has received a $100 million debt facility from Blackstone Credit, which is in addition to a $100 million growth round of funding. A funding round for PerimeterX was raised last year.

Attack of the bots

The problem both companies are trying to solve is that a lot of online security and fraud incidents are driven by bots, which have become more sophisticated as they adapt their behavior to become more difficult to detect. Nefarious activities include scraper content from websites and applications, also known as click fraud, which involves bots tapping on pay-per-click (PPC) ads to increase revenue for a website.

The bot attack problem is addressed by using machine learning to understand authentic human behavior. They have different sectors in their crosshairs and are not the same product.

Human has protected adtech, performance marketing, and cybersecurity/ application security teams. The goal is to unify these silos and solve the problem.

The need for such technology is greater than ever, while the remote-working surge continues apace, but cybersecurity startups haven't been impervious to the economic downturn.

Consolidation

As tech valuations plummet and a giant "reset" continues to impact companies of all sizes, consolidation via mergers and acquisitions is the way to go.

There have been a lot of M&A deals this year, involving big tech.

Human Security was acquired by ClearSky Security and NightDragon in 2020, so it is less exposed to the economic downturn than other cybersecurity companies. By merging with a rival in the space, it can grow at a faster rate.

Combining the companies gives us an unparalleled source to improve our overall detection for all joint products, as well as a strong foundation for new products to help protect our customers.