F5
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F5 to Acquire Edge-as-a-Service Platform, Volterra
Image sourced from Internewscast F5 Networks has announced it will acquire all issued and outstanding shares of privately held Volterra for approximately $440 million in cash and approximately $60 million in deferred consideration. With the addition of Volterra’s technology platform, F5 is creating an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale. In connection with the transaction, F5 raised its Horizon 2 (fiscal years 2021 and 2022) and long-term revenue outlook, and reiterated its Horizon 2 operating targets, including its commitment to achieving double-digit non-GAAP earnings per share growth. The company also reiterated its commitment to return $1 billion of capital over the next two years, including the initi...
F5 Networks Acquires Shape Security
F5 Networks – a company that helps make apps operate faster, smarter and safer for the world’s largest businesses, service providers, governments and consumer brands – has completed its acquisition of Shape Security, a leader in fraud and abuse prevention. Marcel Fouché, Networking and Storage General Manager at value-added distributor Networks Unlimited Africa, a channel partner of F5 in sub-Saharan Africa, comments: “A number of experts view this merger and acquisition as being a game-changer for comprehensive application security.” “The purchase of Shape Security adds protection from automated attacks, botnets, and targeted fraud to F5’s world-class portfolio of application services in order to further protect customers’ digital experiences. This agreement will accelerate F5’s growth mo...
