RELEASE: BOXX Insurance Acquires Templarbit

TORONTO, Nov.

RELEASE: BOXX Insurance Acquires Templarbit

TORONTO, Nov. 8, 2022 /PRNewswire/ -- BOXX Insurance, a global cyber insurance company headquartered in Toronto, today announced the acquisition of Templarbit, a cyber threat intelligence platform that makes it easy for companies to stay ahead of threats. digital threats.

With teams in Palo Alto and Los Angeles, Templarbit was founded by Bjoern Zinssmeister in 2017. Templarbit has built cutting-edge technology that alerts businesses when their platform identifies vulnerabilities in their network that hackers can exploit. The platform autonomously discovers, classifies, and analyzes an organization's entire digital asset landscape, the unique risk profile of each digital asset, and the real business costs that would be incurred if a digital asset were compromised.

The closing of this deal gives the fast-growing BOXX additional momentum in pursuing its vision of making the world a more digitally secure place.

"Bringing Templarbit equipment and technology into the company was a natural next step for us," explained Vishal Kundi, co-founder and CEO of BOXX. "It demonstrates the strategic importance we believe proactive cyber risk protection has to the continued growth of our business. We are delighted to welcome Bjoern and the Templarbit team to BOXX."

"Templarbit's technology platform has proven that effective and affordable cybersecurity capabilities can be delivered to the small and medium business segment through intelligent automation and threat intelligence," explained Bjoern Zinssmeister, Co-Founder of Templarbit, who is joining BOXX as director of engineering for BOXX Labs, the new R&D division of BOXX. "This is an incredibly exciting time to join the BOXX family, and I look forward to what's to come."

About BOXX Insurance

BOXX Insurance Inc. helps businesses, individuals, and families insure and defend against cyber threats. BOXX Insurance Inc. is a private company based in Toronto, Canada. BOXX's vision is to help businesses, individuals, and families get ahead of, respond to, and recover from cyberthreats, putting their digital security first. For more information, visit www.boxxinsurance.com

About Templarbit

Founded in 2017, Templarbit was incubated at Y Combinator and is a next-generation security company focused on creating modern solutions that empower a new generation of security teams. By building solutions from the ground up to be cloud-native and data-driven, Templarbit has redefined how an enterprise's security posture is assessed. Armed with the ability to continuously monitor web assets and the risk they can expose businesses of all sizes to, they now have a way to build a scalable risk management program.

Media contact: alex.tomaszewski@boxxinsurance.com

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