Akamai Technologies, Inc. (NASDAQ: AKAM), a Cambridge, MA-based cloud company that powers and protects life online, entered into a definitive agreement to acquire Neosec, a Palo Alto, California and Tel Aviv, Israel-based API detection and response platform based on data and behavioral analytics.
The amount of the deal was not disclosed. The acquisition is expected to close in the second quarter of 2023.
Neosec’s API security solution will complement Akamai’s application and API security portfolio by extending Akamai’s visibility into the API threat landscape. The combination is designed to make it easy for customers to secure their API’s by helping them discover all of their APIs, assess their risk, and respond to vulnerabilities and attacks.
Neosec’s employees, including co-founder and CEO, Giora Engel, and co-founder and chief technology officer, Ziv Sivan, are expected to join Akamai’s Security Technology business.
Akamai provides companies worldwide with Akamai Connected Cloud, a massively distributed edge and cloud platform to build, deliver, and secure their digital experiences.
FinSMEs
19/04/2023