F5 Networks To Acquire Shape Security For Application Security Tech

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About: F5 Networks, Inc. (FFIV), Includes: HPE, IBM, QLYS
by: Donovan Jones
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Donovan Jones
IPOs, tech, alternative investments, CEO VentureDeal.com
Summary

F5 Networks said it will acquire Shape Security for $1 billion in cash.

Shape has developed cyber security technologies that help organizations defend against automated attacks.

With the acquisition, F5 seeks to provide an end-to-end application security set of offerings to enterprises.

However, FFIV appears fully valued at its current level and, given general growth assumptions, my bias is NEUTRAL.

Quick Take

F5 Networks (FFIV) has announced the proposed acquisition of Shape Security for $1 billion in cash.

Shape has developed a system to help protect organizations from automated cyber attacks and fraud.