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Akamai Technologies Completes Acquisition Of Guardicore To Extend Its Zero Trust Solutions To Help Stop Ransomware

Oct 21, 2021•about 4 years ago

Acquiring Company

Akamai

Acquired Company

Guardicore

CambridgeData And AnalyticsSoftware

Description

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.

Company Information

Company

Akamai

Location

Cambridge, Maryland, United States

About

Akamai secures and delivers digital experiences for the world's largest companies. Akamai's intelligent edge platform surrounds everything, from the enterprise to the cloud, so customers and their businesses can be fast, smart, and secure. Top brands globally rely on Akamai to help them realize competitive advantage through agile solutions that extend the power of their multi-cloud architectures. Akamai keeps decisions, apps and experiences closer to users than anyone — and attacks and threats far away. Akamai's portfolio of edge security, web and mobile performance, enterprise access and video delivery solutions is supported by unmatched customer service, analytics and 24/7/365 monitoring. To learn why the world's top brands trust Akamai, visit www.akamai.com, blogs.akamai.com, or @Akamai on Twitter. You can find our global contact information at www.akamai.com/locations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed