Akamai Technologies acquired Noname Security for $452.3 million, a transaction completed in June 2024, structured as all cash.
Noname Security operates in Cloud Security (API security), is based in Israel / San Jose, California, USA. Noname Security (Noname Gate Ltd.) was one of the top API-security vendors, offering discovery, posture management and runtime protection for APIs. Akamai completed the acquisition in June 2024 for $452.3 million, its largest security deal since Guardicore, enhancing the Akamai API Security solution amid surging enterprise API usage. (Value disclosed in Akamai's FY2024 Form 10-K.)
Noname is one of the top API security vendors in the market; the acquisition enhanced Akamai's API Security solution and accelerated its ability to meet growing customer demand as API use expanded.
Consolidated Akamai's leadership in the API-security category. Merged into the Akamai API Security offering. Akamai API Security
Advisory firms were not disclosed for this transaction.