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F5 Pays $1 Billion for Shape

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.

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