Akamai Technologies acquired Guardicore for $600 million, a transaction completed in October 2021, structured as all cash.
Guardicore operates in Cloud Security (Zero Trust / micro-segmentation), is based in Tel Aviv, Israel. Guardicore, based in Tel Aviv, Israel, built a micro-segmentation platform that limits internal network communication to only authorized application flows, reducing the spread of malware and ransomware across the data center and cloud. Akamai announced the deal on September 29, 2021 at approximately $600 million; its FY2021/FY2022 Form 10-K reported final consideration of about $610.7 million in cash. The technology now underpins the Akamai Guardicore Platform.
Given the recent surge in ransomware attacks and increasingly stringent compliance regulations, investing in technologies to reduce the spread of malware has become mission critical.
Micro-segmentation extended Akamai's Zero Trust security portfolio at the enterprise network layer. Foundation of the Akamai Guardicore Platform for enterprise segmentation. Akamai Guardicore Platform
By adding Guardicore's leading micro-segmentation products to Akamai's comprehensive portfolio of Zero Trust solutions, we believe Akamai will be able to provide the most effective way to combat ransomware on the market today.Tom Leighton, CEO and co-founder, Akamai Technologies
Guardicore's mission is to protect enterprises from damage caused by breaches, like ransomware, while safeguarding the critical assets at the heart of the network.Pavel Gurvich, co-founder and CEO, Guardicore
Advisory firms were not disclosed for this transaction.