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F5 Networks To Acquire Threat Stack For $68M

F5 Networks Inc (NASDAQ:FFIV) agreed to acquire cloud security and workload protector Threat Stack for $68 million. The transaction will likely add $15…
byAnusuya Lahiri
September 20, 2021
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  • F5 Networks Inc (NASDAQ:FFIV) agreed to acquire cloud security and workload protector Threat Stack for $68 million.
  • The transaction will likely add $15 million in revenue for FY22.
  • Boston-based Threat Stack brings technology and talent to strengthen F5’s security capabilities and further its adaptive applications vision with cloud observability and actionable security insights for customers.
  • F5 plans to finance the deal with balance sheet cash. It held $767.9 million in cash and equivalents as of June 30. The acquisition will likely close in F5’s Q1 FY22.
  • Price Action: FFIV shares traded lower by 1.87% at $200.75 on the last check Monday.
 
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