The acquisition adds fraud detection and prevention to the application delivery company's tool collection.
F5 has announced the acquisition of Shape, a company with products and services in the antifraud and abuse category. According to the companies, F5 will pay approximately $1 billion for the privately held Shape.
In a blog post to employees, F5 CEO François Locoh-Donou wrote that Shape is currently mitigating more than 1 billion application attacks a day. The acquisition, he said, will help F5 compete in its next targeted areas of growth: cloud, software, and AI/machine learning.
Shape Security is F5's second major acquisition of 2019, coming after the May purchase of Web application server company NGINX.
Read more here.
Check out The Edge, Dark Reading's new section for features, threat data, and in-depth perspectives. Today's top story: "5 Pieces of GDPR Advice for Teams Without Privacy Compliance Staff."
About the Author(s)
You May Also Like
Guarding the Cloud: Top 5 Cloud Security Hacks and How You Can Avoid Them
April 4, 2024Cybersecurity Strategies for Small and Med Sized Businesses
April 11, 2024Defending Against Today's Threat Landscape with MDR
April 18, 2024Securing Code in the Age of AI
April 24, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024Black Hat Asia - April 16-19 - Learn More
April 16, 2024