F5 has announced a definitive agreement to acquire Threat Stack, a security solutions company for the cloud and workload protection.
With F5’s application and application programming interface (API) protection solutions, combined with ThreatStack’s cloud security resources and knowledge, it is expected to improve visibility into the infrastructure and application workloads, making it easier for customers to adopt permanent security in any cloud, the company reported.
F5’s application and application programming interface (API) protection solutions combined with Threat Stack’s cloud security capabilities and expertise will enhance visibility across application infrastructure and workloads, making it easier for customers to adopt consistent security in any cloud, F5 says.
“Applications are the backbone of today’s modern businesses, and protecting them is mission critical for our customers,” said Haiyan Song, EVP of Security at F5. “Threat Stack brings technology and talent that will strengthen F5’s security capabilities and further our adaptive applications vision with broader cloud observability and actionable security insights for customers.”
A core tenet of adaptive applications is their capacity to protect themselves by detecting and mitigating threats in real time. Threat Stack’s proactive risk identification and real-time threat detection combined with the breadth of F5’s application insights and controls will accelerate the delivery of this capability for our customers, F5 added.
F5 will acquire all issued and outstanding shares of Threat Stack, a private company headquartered in Boston, for $68 million in purchase consideration, to be financed with balance sheet cash. The transaction is expected to be immaterial to F5’s financial results, adding approximately $15 million in revenue for fiscal year 2022 with no change to F5’s previously stated operating margin targets for fiscal year 2022.
The acquisition is subject to customary closing conditions and is expected to close in F5’s first quarter fiscal year 2022, ending December 31, 2021.