Vista takes KnowBe4 private (~$4.6B)

In early 2023, Vista Equity Partners took cybersecurity awareness platform KnowBe4 (Clearwater, FL) private in a buyout valued at approximately $4.6 billion (equity value reflected on Dealroom’s BUYOUT round; closing followed the 2021 IPO). The transaction returned KnowBe4 to private ownership under Vista’s Flagship-style software playbook. KnowBe4’s human-risk / security-awareness SaaS franchise sits squarely in Vista’s enterprise software and cybersecurity-adjacent focus. Sources: Wilson Sonsini deal note / contemporaneous buyout coverage; Dealroom BUYOUT record.