Akamai Technologies acquired Prolexic Technologies for $370 million, a transaction completed in February 2014, structured as all cash.
Prolexic Technologies operates in Cloud Security (DDoS mitigation), is based in Hollywood, Florida, USA. Prolexic, a privately held DDoS-mitigation provider based in Hollywood, Florida, ran cloud-based scrubbing centers that detect and absorb distributed denial-of-service attacks aimed at data centers and enterprise IP applications. Akamai announced the deal on December 2, 2013 and completed it on February 18, 2014; the closing 8-K reported net cash consideration of about $337.1 million after adjustments against the roughly $370 million announced price.
Combining Prolexic's network- and data-center-layer defenses with Akamai's edge platform created a portfolio spanning application-, network-, and data-center-layer protection delivered over the internet.
Filled Akamai's gap in network- and infrastructure-layer DDoS defense. Unified application-, network-, and data-center-layer security under one provider. Akamai security solutions portfolio
With our acquisition of Prolexic now complete, we are excited to extend the value of our combined teams and offerings to online businesses across all industries. Our focus is to optimize and secure the 'entire IP experience,' Web or otherwise, and to provide an unparalleled layer of protection against the most sophisticated of attacks without sacrificing site or application performance.Tom Leighton, CEO, Akamai Technologies
Advisory firms were not disclosed for this transaction.