HUMAN Security and PerimeterX have announced the two companies are merging to expand the Human Defense Platform and protect advertising, marketing, eCommerce and enterprise security. With 77 per cent of online security and fraud incidents being bot-based, the merger highlights the importance of identifying bot attacks, fraud and account abuse before they impact enterprises.

The combined companies will comprise more than 450 employees under the HUMAN company name, 500+ customers and over $100m in ARR. The merger has been approved by both companies’ board of directors and has received regulatory approval. As part of the move, HUMAN has received $100m debt facility from Blackstone Credit after a $100m growth funding round earlier this year.

Tamer Hassan, CEO and Co-Founder of HUMAN said: “The merger of these great companies brings together two exceptional teams of humans to accelerate the vision for our Human Defense Platform and to solve some of the most important security challenges for the internet. Together, we will deliver on our shared purpose of disrupting the economics of cybercrime, and we will offer enhanced protection for our combined global customers with an unparalleled modern defense strategy.”

The combined companies will utilise the Human Defense Platform to safeguard from cybercrime including digital advertising fraud, mobile app and SSAI malware, abuse and spoofing, paid marketing manipulation, lead generation fraud, account takeover, fake account creation, digital skimming and web scraping.