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Akamai Completes $370 Million Acquisition of Prolexic

19
Feb
2014

Akamai Technologies (NASDAQ: AKAM) announced that it has completed the acquisition of Prolexic Technologies, a firm that specializes in DDoS protection solutions.

On December 2, 2013, Akamai announced that it had entered into an agreement to acquire all of the outstanding equity of Hollywood, Florida-based Prolexic for $370 million in cash.

According to Akamai, the combination of the two companies’ technologies and teams creates a portfolio of security solutions designed to protect an enterprise’s Web and IP infrastructure against application-layer, network-layer and data center attacks delivered via the Internet.

Akamai said that the addition of Prolexic is expected to bring an additional $7 to $8 million in revenue in the first quarter of 2014, and now expects revenue during the quarter to be between $433 to $450 million.

“Cyber-attacks are on the rise all over the world, with many resulting in significant economic or reputational damage to enterprises, governments, and end-users,” said Tom Leighton, CEO of Akamai. “With our acquisition of Prolexic now complete, we are excited to extend the value of our combined teams and offerings to online businesses across all industries.”

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Managing Editor, SecurityWeek.Previous Columns by Mike Lennon:Akamai Completes $370 Million Acquisition of ProlexicBelkin: Security Fixes Were Already Issued for Recent WeMo VulnerabilitiesCylance Takes a Mathematical Approach to Solving Malware Problems Shodan Adds Visual Search Results With Shodan MapsIOActive: Belkins WeMo Home Automation Devices Open Doors for Attackers

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