F5 to acquire Threat Stack for $68 million
By MYBRANDBOOK
F5 has announced it is acquiring Threat Stack, a Boston-based cloud security and compliance startup, for $68 million.
The deal, which comes months after F5 bought multi-cloud management startup Volterra for $500 million, sees the 25-year-old company looking to bolster its cloud security portfolio as applications become a growing focus for cybercriminals. The acquisition, which is expected to close in F5’s first-quarter fiscal year 2022, is subject to closing conditions.
Threat Stack has amassed more than $70 million across six funding rounds, including a $45 million Series C round led by F-Prime Capital Partners and Eight Roads Ventures, specializes in cloud security for applications and provides customers with real-time threat detection for cloud infrastructure and workloads. Unlike many cloud security tools that kick in after an intrusion, Threat Stack takes a more proactive approach, alerting organizations to all known vulnerabilities and providing a report on the holes that need to be plugged.
The Threat Stack Cloud Security Platform works across cloud, hybrid cloud, multi-cloud and containerized environments, and is perhaps best known for its Slack integration that alerts DevOps teams to security concerns in real time. Threat Stack has a number of big-name customers, according to its website, including Glassdoor, Ping Identity and Proofpoint.
F5 says that integrating its application and API protection solutions with Threat Stack’s cloud security capabilities and expertise will enhance visibility across application infrastructure and workloads, making it easier for customers to adopt consistent security in any cloud.
Haiyan Song, EVP of Security at F5, said, “Applications are the backbone of today’s modern businesses, and protecting them is mission-critical for our customers. Threat Stack brings technology and talent that will strengthen F5’s security capabilities and further our adaptive applications vision with broader cloud observability and actionable security insights for customers.”
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
JUVAS SOLUTIONS PVT. LTD.
IBALL WORLDWIDE PVT. LTD.
TP-LINK INDIA PVT LTD.
RAMCO SYSTEMS Ltd.
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: Som Satsangi
With more than three decades in the IT Sector, Som is responsible for ...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
NIC bridging the digital divide and supporting government in eGovernance
The National Informatics Centre (NIC) is an Indian government departme...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...