Cengage to Buy Cybersecurity Training platform, Infosec

Cengage to Buy Cybersecurity Training platform, Infosec

A global education technology company based in Boston has signed a $191M deal to buy the cybersecurity training platform, Infosec.

Cengage Group announced the planned addition to its ed2Go business on Monday. The deal is expected to close in the first quarter of 2022. 

“The online, employer-paid cybersecurity training segment is currently a $1bn market, with expectations that it will grow to $10bn annually by 2027,” said Cengage CEO Michael Hansen. 

He added: “Combining Infosec with our already-successful Workforce Skills business will provide top-line growth, expand our base of recurring revenue and accelerate our opportunity within the space.”

Infosec was founded in 2004 by its current chief executive Jack Koziol who will remain at the helm to manage the transition. The company is based in Wisconsin and provides skills development and certification programs for the cybersecurity industry. 

“Cengage Group has the same level of passion for making learning accessible, affordable and applicable to today’s cybersecurity professionals,” said Jack Koziol, CEO and Founder of Infosec. 

He added: “Building on ed2go’s history in online training, Infosec will benefit from Cengage Group’s scale and expertise, which means we can reach more cybersecurity professionals and employers that are looking to

Read More: https://www.infosecurity-magazine.com/news/cengage-to-buy-infosec/