Purposes networking firm F5 has introduced it’s buying Menace 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 firm seeking to bolster its cloud safety portfolio as purposes turn into a rising focus for cybercriminals. Companies lose greater than $100 billion a 12 months to assaults concentrating on digital experiences, F5 says and these experiences are more and more powered by purposes distributed throughout a number of environments and interconnected via APIs.
Threat Stack, which was based in November 2012 and has since amassed greater than $70 million throughout six funding rounds together with a $45 million Series C round led by F-Prime Capital Partners and Eight Roads Ventures, makes a speciality of cloud safety for purposes and offers clients with real-time menace detection for cloud infrastructure and workloads. Not like many cloud safety instruments that kick in after an intrusion, Menace Stack takes a extra proactive strategy, alerting organizations to all recognized vulnerabilities and offering a report on the holes that should be plugged.
The startup’s intrusion detection platform, the Menace Stack Cloud Safety Platform, works throughout cloud, hybrid cloud, multi-cloud, and containerized environments, and is probably finest recognized for its Slack integration that alerts DevOps groups to safety considerations in real-time. Menace Stack has a lot of big-name clients, in accordance with its web site, together with Glassdoor, Ping Identity and Proofpoint.
F5 says that integrating its utility and API safety options with Menace Stack’s cloud safety capabilities and experience will improve visibility throughout utility infrastructure and workloads, making it simpler for patrons to undertake constant safety in any cloud.
“Purposes are the spine of at this time’s fashionable companies, and defending them is mission-critical for our clients,” mentioned Haiyan Track, EVP of Safety at F5. “Menace Stack brings expertise and expertise that can strengthen F5’s safety capabilities and additional our adaptive purposes imaginative and prescient with broader cloud observability and actionable safety insights for patrons.”
The acquisition, which is predicted to shut in F5’s first-quarter fiscal 12 months 2022, is topic to closing circumstances.