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F5 Networks: Acquires Shape Security, for $1 Billion | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

F5 Networks: Acquires Shape Security, for $1 Billion

By Steve Sam

December 26, 2019

F5 Networks: Acquires Shape Security, for $1 Billion

The acquisition will help F5 bolster its application protection services
It’s the largest acquisition to date for Seattle-based F5, which paid $670M to buy popular web server technology NGINX
NGINX is the commercial company behind the open-source web server of the same name
Shape recently reached a $1B valuation after raising a $51M Series F round in September
This deal expected to close in mid-2020, and is of course, subject to standard regulatory approval
Upon closing Shape’s Smith also will join the F5 management team and Shape employees will folded into F5

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