- Akamai (AKAM) is acquiring Prolexic, a provider of cloud-based services for protecting companies and data centers from distributed denial-of-service (DDoS) attacks, for $370M in cash. (PR)
- The deal is expected to close in 1H14, and to dilute Akamai's EPS in "the first full year post closure" by $0.06-$0.08.
- Akamai declares the combination of its existing security offerings (backed up by a giant CDN that can offload traffic from a data center facing a DDoS attack) with Prolexic's services will allow it to offer "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."
- The high-margin security services market has increasingly been a priority for Akamai. Earlier this year, the company launched Kona Site Defender, its own solution for dealing with DDoS and other hacking attacks.
- AKAM -1.6% premarket.
- Previous: The Velocius Networks acquisition
From other sites
Video at CNBC.com (Jul 29, 2015)
Video at CNBC.com (Jul 28, 2015)
at CNBC.com (Feb 10, 2015)
at CNBC.com (Dec 30, 2014)
at CNBC.com (Dec 26, 2014)
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