Akamai Technologies Completes Acquisition of Guardicore to Extend Its Zero Trust Solutions to Help Stop Ransomware

Rhea-AI Summary

Akamai Technologies has finalized its acquisition of Guardicore for approximately $600 million. This strategic move, announced on September 29, aims to enhance Akamai's Zero Trust solutions, particularly in mitigating ransomware threats. By integrating Guardicore's micro-segmentation technology, Akamai strengthens its portfolio, providing improved security for enterprises against breaches. This acquisition is expected to bolster Akamai’s reputation as a leader in digital experience protection.

Positive

• Acquisition of Guardicore enhances Akamai's Zero Trust solutions.
• Integration of Guardicore's micro-segmentation products strengthens security offerings.
• Ransomware protection improvements benefit enterprise clients.

Negative

• None.

CAMBRIDGE, Mass., Oct. 21, 2021 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the world's most trusted solution to power and protect digital experiences, today announced the company has completed its acquisition of Guardicore of Tel Aviv, Israel. On September 29, Akamai announced an agreement between the two parties for Akamai to acquire the company in exchange for approximately $600 million.

Guardicore's leading micro-segmentation products will be added to Akamai's comprehensive portfolio of Zero Trust solutions to protect enterprises from damage caused by breaches like ransomware, while safeguarding the critical assets at the core of the network.

About Akamai

Akamai powers and protects life online. The most innovative companies worldwide choose Akamai to secure and deliver their digital experiences - helping billions of people live, work, and play every day. With the world's largest and most trusted edge platform, Akamai keeps apps, code, and experiences closer to users - and threats farther away. Learn more about Akamai's security, content delivery, and edge compute products and services at www.akamai.com, blogs.akamai.com, or follow Akamai Technologies on Twitter and LinkedIn.

Contacts:      

Gina Sorice
Media Relations
646-320-4107
gsorice@akamai.com 

Tom Barth
Investor Relations
617-274-7130
tbarth@akamai.com

 

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SOURCE Akamai Technologies, Inc.

FAQ

What was the acquisition cost of Guardicore by Akamai?

Akamai acquired Guardicore for approximately $600 million.

When was the acquisition of Guardicore announced?

The acquisition was announced on September 29.

How does Guardicore's technology benefit Akamai?

Guardicore's micro-segmentation products enhance Akamai's Zero Trust solutions and protect against ransomware threats.

What is the strategic importance of the Guardicore acquisition for Akamai?

The acquisition aims to improve security offerings and protect enterprises from breaches, positioning Akamai as a leader in digital security.