(Huntsville, AL)—PhishFirewall, a cybersecurity SaaS company, secured and closed the lead investor in its $2.5MM Series Seed financing round. The Cox Group headquartered in Mt. Vernon, IN leads the round and Mr. Barry Cox, Cox Group’s President, joins the company’s board of directors.  

The PhishFirewall solution is the most effective defense against ransomware and data breaches. Ransomware is not cyber warfare; it is psychological warfare. Cyber criminals are using AI-driven social engineering to learn and exploit individual and organization-specific weaknesses. Infrequent one-size-fits-all training is no match for this sophisticated approach, which is why companies using existing cyber awareness toolkits are still breached in increasingly alarming numbers.

PhishFirewall uses automated and individualized social engineering and training, powered with artificial intelligence and advanced analytics, creating a human firewall against phishing attacks or as we like to call it a, PhishFirewall. The only way to stay safe is to beat the bad guys at their own game with greater sophistication and speed.

The company was founded by world-renowned ethical hacker and cybersecurity consultant Joshua Crumbaugh, who for decades, protected global enterprises and the organizations that regulate them by “hacking the unhackable” and revealing their weaknesses.

Mr. Crumbaugh developed the PhishFirewall solution after recognizing the deep need for a scalable tool that solves the problem more efficiently because his clients’ existing solutions were underperforming. His customer’s employees were still clicking on phishes and leaving companies exposed at alarming rates. By addressing the problem at its source, PhishFirewall dramatically lowered the risk for those clients.

“Cybersecurity is a human problem, not a technology problem,” said Joshua Crumbaugh, PhishFirewall founder and Chief Technology Officer. “Our approach combines proven technology and neuroscience to move beyond temporary memorization and train human instincts for sustained awareness.”

“The demand for high-performance cybersecurity awareness and training solutions and scalable phishing emulations is rapidly growing, not only from the critical infrastructure enterprises, but from their insurers,” said PhishFirewall CEO Johnny Thorington. “The Cox Group’s participation in this funding round helps equip us to meet that demand. We are also proud to have Barry Cox join our board and bring his expertise growing technology-driven businesses and turnkey solutions to the team.”

“After getting to know the PhishFirewall team and seeing their product’s results firsthand, we were eager to join them,” said Barry Cox, President of The Cox Group. “Our philosophies are very similar. We believe in building lasting relationships with our customers and delivering cutting-edge solutions to their most complex challenges. We help customers improve efficiencies and lower business disruption risks. PhishFirewall is doing the same thing, just applied to cybersecurity business risks. We look very forward to helping them drive this solution into the market and protect other businesses like ours.”

ABOUT PHISHFIREWALL

Founded by Joshua Crumbaugh, an internationally-known cybersecurity and social engineering expert, PhishFirewall is a cybersecurity awareness, threat emulation and analytics solution firm. The solution is built upon the science of learning and psychology of behavior change, and delivers sustained cybersecurity awareness and lower risk. PhishFirewall specializes in protecting enterprises in high-profile critical infrastructure sectors. The Company currently serves clients in finance, manufacturing, logistics, utilities and education.

ABOUT THE COX GROUP

The Cox Group Holding Company 2016 is WBENC certified Women’s Business Enterprise headquartered in Mt. Vernon, IN. The company mission is to be a global service provider that is customer driven, responsive, flexible, and cost effective, accomplishing this vision through employee pride and commitment. The company provides technology-driven, turnkey solutions in transportation, warehousing and distribution.

Media Contact:

Dana McGough  

dmcgough@cayennecreative.com

205.368.5741

Company Contact:

Clark Barron, Product Marketing Manager

clark.barron@phishfirewall.com

 844.407.4474

Mt. Vernon, October 29, 2021 – Warehouse Services Inc. (“WSI”), a privately held warehouse services company and third-party logistics provider, announced it has acquired Oakdale, MN based Total Logistics, Inc. (“TLI”). TLI is a leading provider of business-to-business (B2B) last mile logistics, brokerage and value-added warehousing in the Midwest and Mid-Atlantic regions. TLI operates high-touch, highly engineered route-based distribution and return networks for clients in the aftermarket automotive, retail and construction markets.

The deal is expected to add approximately $150 million in annual revenue to WSI in 2022 and will deepen its presence in the Midwest.

“TLI is a very targeted acquisition for us,” said Barry Cox, President of WSI. “The company expands our service offering in the automotive vertical, making us a critical supply chain partner to numerous blue-chip customers. Moreover, the acquisition solidifies our competitive presence in key Midwestern states.”

“We are excited to join WSI,” said Tom Wintz, President of TLI, who will remain in that leadership role post transition. “There is a strong shared culture of emphasizing the customer, focusing on safety, as well as taking care of our employees. In addition, the enhanced scale of WSI’s operations is expected to create revenue and cost savings opportunities which will benefit both organizations.”

Wofford Advisors LLC served as WSI’s strategic advisor for the deal and Farmer Scott Ozete Robinson & Schmitt, LLP acted as legal counsel. [Stephens Inc.] served as financial advisor to TLI and Farmer Scott Ozete Robinson & Schmitt LLP acted as legal counsel.

About Warehouse Services Inc.
Warehouse Services Inc. is a privately held warehouse services company and third-party logistics provider with corporate headquarters in Piedmont, South Carolina. It has been in business since 1986 and has averaged 16% growth since the inception. The company operates in 18 states and Canada, manages more than 18 million square feet and employs over 4,000 employees.

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Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

The University of Southern Indiana Romain College of Business has received a $100,000 gift from Warehouse Services, Inc., to establish a scholarship endowment named for its President, Barry Cox, for students enrolled in the College's Supply Chain Management Certificate Program. This gift will provide perpetual scholarship support for eligible students. 

Eligibility for the Warehouse Services Inc. Barry Cox Scholarship Endowment includes: 

• Full-time USI undergraduate students must be enrolled in the Supply Chain Management Certificate Program. 
• Student recipients must be in good academic standing at USI when the scholarship is both awarded and received. 
• Second preference will be given to full-time USI undergraduate students majoring in management. 

Warehouse Services, Inc. provides various supply chain services (e.g., warehousing, distribution, fulfillment services, etc.), and it occupies more than 18 million square feet of distribution space in over 20 locations across North America. Its operating headquarters are in Mount Vernon, Indiana. The company employs many USI alumni in a multitude of positions across its more than 4,000 personnel. 

"I am truly grateful to Warehouse Services, Inc. and its President, Mr. Barry Cox, for this generous support of students seeking the new Supply Chain Management Certificate," says Dr. Abbas Foroughi, Chair of Management and Information Sciences. "Warehouse Services' strong interest in the certificate underscores how much regional companies value the establishment of this new program. I would also like to thank the Supply Chain Management Committee and other management faculty at USI for their hard work and support in creating this timely certificate."  

In addition, Cox has been a member of the USI Foundation Board Advisory Council for 22 years.  

"Mr. Cox has been a generous friend of the University for many years, and he truly values USI's economic impact on this region and beyond," says David Bower, Vice President for Development. "The number of USI alumni employed by Warehouse Services underscores that trust in the students we are educating."