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...
GLOBUS INFOCOM LTD.
LUMINOUS POWER TECHNOLOGIES PVT. LTD.
JUVAS SOLUTIONS PVT. LTD.
LENOVO GROUP LTD.
Technology Icons Of India 2023: Ritesh Agarwal
Ritesh Agarwal Founder & CEO of OYO Hotels & Homes-World’s fastest g...
Technology Icons Of India 2023: Shailender Kumar
Shailender Kumar is senior vice president and regional managing direct...
Technology Icons Of India 2023: Deepinder Goyal
Deepinder Goyal is the Founder and CEO of Zomato. Deepinder, or Deepi,...
GeM maintains transparency in online procurement of goods & services
Created in a record time of five months, Government eMarketplace is a ...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...