Akamai Technologies announced this week that they have entered a definitive agreement to buy Prolexic Technologies for a net cash payment of around $370 million. Based in Hollywood, Florida, Prolexic is a cloud based security company that focuses on data center and enterprise application security. The company is known for helping prevent distributed denial of service (DDoS) attacks.
“Today, business is defined by the availability, security and latency of Internet-facing applications, data and infrastructure,” stated Scott Hammack, CEO at Prolexic. “Being able to rely on one provider for Internet performance and security greatly simplifies resolution of network availability issues and offers clients clear lines of accountability. We believe that, together, we will be able to deliver an unprecedented level of network visibility and protection.”
The acquisition is expected to close in the first half of 2014.