Dark web monitoring service lands ‘long-term security’ with BGF-backed acquisition

Boxphish – a Leeds-headquartered human risk management platform – has announced its acquisition of Trillion, an advanced threat intelligence service which tracks credentials shared on the dark web.

The Trillion technology allows customers to gain visibility of leaked credentials associated with their organisation and take the appropriate measures to reduce risk.

The acquisition extends Boxphish’s existing suite of products which includes cyber security training courses, customisable phishing simulations and data analytics. All of these equip organisations, and their teams, with the tools and knowledge needed to mitigate the risk of cyber-attacks.

BGF, one of the largest and most experienced growth capital investors in the UK and Ireland, invested £3.25m in April so Boxphish could accelerate investment in product, people and partners. The business’ expansion will enable even more organisations to stay ahead of what continues to be a rapidly evolving cyber threat landscape.

Commenting on the deal, Boxphish CEO Nick Deacon-Elliott, said: “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.

“We’ve seen significant appetite for dark web monitoring alongside our cyber security 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, added: “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, and CEO, Nick Deacon Elliott, Boxphish has a growing customer base and library of training courses that offer highly relevant content to meet the needs of organisations from across a broad range of sectors and sizes.

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