F5 Pays $1 Billion for Shape

The acquisition adds fraud detection and prevention to the application delivery company's tool collection.

Dark Reading Staff, Dark Reading

December 21, 2019

1 Min Read
Dark Reading logo in a gray background | Dark Reading

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.

Edgepromohorizontal.jpgCheck 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

Dark Reading Staff

Dark Reading

Dark Reading is a leading cybersecurity media site.

Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.

You May Also Like


More Insights