F5 Networks announced that it has completed the acquisition of online fraud and abuse prevention company, Shape Security.
F5 Networks is adding protection from automated attacks, botnets, and targeted fraud to F5’s portfolio of application services with the acquisition of Shape Security. F5 has announced that it had entered into an agreement to acquire the company on December 19, 2019. By combining F5 and NGINX’s expertise with Shape’s insight from mitigating 1 billion application attacks per day through sophisticated AI, cloud-based analytics, and anti-fraud technologies, the acquisition delivers superior value to the customers.
End-to-end application security solution
Both companies represent an end-to-end application security solution, reducing infrastructure complexity while protecting every aspect of the code to customer journey against losses from online fraud, reputational damage, and disruptions to critical online services. François Locoh-Donou, F5 President and CEO said,
“We welcome Shape to the team and look forward to the work we will do together to transform the application security landscape for customers. Shape’s advanced AI and analytics capabilities will help accelerate new ways of securing and enhancing the performance of every application, across any cloud.”
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