Akamai Technologies, Inc. (NASDAQ: AKAM), a Cambridge, MA-based intelligent edge platform for securing and delivering digital experiences, is to acquire ChameleonX, a Tel Aviv-Yafo, Israel-based provider of a solution to make web applications self-protected.
The amount of the deal – expected to close in the fourth quarter of 2019 – was not disclosed.
The transaction is expected to further strengthen Akamai’s security portfolio. The acquisition of the ChameleonX team and technology align with the company’s organic product development and global threat research to deliver a solution that detects and blocks active attacks without limiting the use of website technologies or impacting the customer experience.
Led by Maor Hod, CEO and co-founder, ChameleonX provides a solution to protect websites from an increasingly publicized and insidious form of attack that entails credit card skimming and user credential theft via malicious or compromised third-party scripts.
Akamai provides companies with an intelligent edge platform to secure and deliver their digital experiences extending the power of their multi-cloud architectures. The company’s portfolio of edge security, web and mobile performance, enterprise access and video delivery solutions is supported by customer service, analytics and 24/7/365 monitoring.