Application networking company F5 has announced the acquisition of Threat 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 company looking to bolster its cloud security portfolio as applications become a growing focus for cybercriminals. Businesses lose more than $ 100 billion a year in attacks targeting digital experiences, F5 says, and these experiences are increasingly driven by applications spread across multiple environments and interconnected via APIs.
Threat stack, which was founded in November 2012 and has since accumulated more than $ 70 million in six funding rounds, including a $ 45 million Series C round led by F-Prime Capital Partners and Eight Roads Ventures, specializes in cloud security for applications and provides customers with real-time threat detection for cloud infrastructure and workloads. Unlike many cloud security tools that are activated after an intrusion, the threat stack takes a more proactive approach, alerting organizations to all known vulnerabilities and providing a report on the holes that need to be fixed.
The startup’s intrusion detection platform, Threat Stack Cloud Security Platform, works in cloud, hybrid cloud, multi-cloud, and containerized environments and is perhaps best known for its Slack integration that alerts DevOps teams to security issues. real-time security. Threat Stack has several big-name clients, according to its website, including Glassdoor, Ping Identity, and Proofpoint.
F5 says integrating its API and application protection solutions with Threat Stack’s cloud security capabilities and expertise will improve visibility into application infrastructure and workloads, making it easier for customers to adopt. of consistent security in any cloud.
“Applications are the backbone of today’s modern enterprises, and protecting them is a critical mission for our customers,” said Haiyan Song, executive vice president of security at F5. “Threat Stack brings technology and talent that will strengthen F5’s security capabilities and advance our vision of adaptive applications with increased cloud observability and actionable security insights for customers.”
The acquisition, which is expected to close in the first quarter of F5’s fiscal year 2022, is subject to closing conditions.