F5 Networks to Acquire Shape Security for $1B
SEATTLE & SANTA CLARA, Calif., 23 Dec 2019– F5 Networks and Shape Security announced a definitive agreement under which F5 will acquire all issued and outstanding shares of the privately held Shape for a total enterprise value of approximately $1 billion in cash, subject to certain adjustments.
“Beyond opening a fast-growing $4 billion adjacent market, Shape’s machine learning and AI-powered capabilities will scale and extend F5’s broad portfolio of application services and expand our ability to optimize and protect customers’ applications in an increasingly complex multi-cloud world.”
Shape protects the largest banks, airlines, retailers, and government agencies with sophisticated bot, fraud, and abuse defense.
In particular, Shape defends against credential stuffing attack...