Akamai to buy Prolexic for $370m

Fiona Chau
04 Dec 2013

Akamai Technologies is beefing up its security offerings by announcing plans to acquire Prolexic Technologies.

Prolexis is a US-based provider of cloud-based security solutions for protecting data centers and enterprise IP application from distributed denial of service (DDoS) attacks.

Akamai said Tuesday that it will pay an estimated $370 million for Prolexic, in a deal expected to close in the first half of 2014.

The deal is subject to the customary closing conditions and regulator approvals. Should it go through, Akamai said it will be able to provide customers with a comprehensive portfolio of security solutions designed to defend an enterprise’s Web and IP infrastructure against application-layer, network-layer and data center attacks delivered via the internet.

“Any company doing business on the internet faces an evolving threat landscape of attacks aimed at disrupting operations, defacing the brand, or attempting to steal sensitive data and information,” said Tom Leighton, CEO of Akamai.

“By joining forces with Prolexic, we intend to combine Akamai’s leading security and performance platform with Prolexic’s highly-regarded DDoS mitigation solutions for data center and enterprise applications protection.”

Founded in 2003, Prolexic is one of the industry’s largest DDoS mitigation providers and has scrubbing centers located in the Americas, Europe and Asia. Its platform and services have been used by some of the world’s largest banks and the leading companies in e-commerce, SaaS, payment processing, travel/hospitality, gaming, and energy.

"Today, business is defined by the availability, security and latency of Internet-facing applications, data and infrastructure," said Scott Hammack, CEO at Prolexic.

"Being able to rely on one provider for Internet performance and security greatly simplifies resolution of network availability issues and offers clients clear lines of accountability. We believe that, together, we will be able to deliver an unprecedented level of network visibility and protection."

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