Akamai on Tuesday announced that it has acquired Asavie, an Ireland-based company that provides mobility, IoT and cybersecurity solutions.
Asavie has developed a platform that helps enterprises secure their mobile and IoT devices by placing assets inside private network slices. The company says it uses machine learning and anomaly detection to secure networks.
Akamai says its acquisition of Asavie is part of its strategy to advance 5G security, and it hopes to expand its ability to secure mobile and other cellular devices in increasingly distributed enterprise environments.
Akamai has decided that Asavie’s solutions will become part of its Security and Personalization Services product line.
The company revealed that it acquired Asavie in an all-cash deal that is not expected to have a material impact on its financial results for 2020, but the exact amount that it paid for the Irish firm has not been disclosed.
The Irish Times said Asavie employs over 130 people and the company reported revenues of €23.6 million ($28 million) and pretax profits of €1.9 million ($2.2 million) last year.
“We believe the addition of Asavie will help Akamai’s carrier partners address enterprise and mid-market customer demand for IoT and mobile device security and management services,” said Dr. Tom Leighton, CEO and co-founder of Akamai. “What’s notable about the Asavie solution is that, as more IoT devices connect over cellular and 5G, it has been shown to be very easy to scale and protect them.”
Akamai has acquired a total of 28 organizations over the past years, including four companies last year. Earlier this year, it announced acquiring customers and intellectual property from Instart, a California-based firm that provides solutions for improving application performance, consumer experience and security.
Every year since 2015, Akamai has reported revenues exceeding $2 billion and last year it reached nearly $3 billion.
Related: Offensive Security Acquires Cybersecurity Training Project VulnHub
Related: Accenture Acquires UK-Based Context Information Security for $140 Million
Related: Akamai’s CDN Logs Uncover Emerging Phishing Attacks
Related: Akamai Mitigates Record 809 MPPS DDoS Attack

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
More from Eduard Kovacs
- AntChain, Intel Create New Privacy-Preserving Computing Platform for AI Training
- Several Major Organizations Confirm Being Impacted by MOVEit Attack
- Verizon 2023 DBIR: Human Error Involved in Many Breaches, Ransomware Cost Surges
- Google Patches Third Chrome Zero-Day of 2023
- Ransomware Group Used MOVEit Exploit to Steal Data From Dozens of Organizations
- Cybersecurity M&A Roundup: 36 Deals Announced in May 2023
- In Other News: Government Use of Spyware, New Industrial Security Tools, Japan Router Hack
- Apple Denies Helping US Government Hack Russian iPhones
Latest News
- KeePass Update Patches Vulnerability Exposing Master Password
- AntChain, Intel Create New Privacy-Preserving Computing Platform for AI Training
- Keep Aware Raises $2.4M to Eliminate Browser Blind Spots
- Google Workspace Gets Passkey Authentication
- Cybersecurity Startup Elba Raises €2.5 Million for Employee-Focused Product
- Zoom Expands Privacy Options for European Customers
- Several Major Organizations Confirm Being Impacted by MOVEit Attack
- Apple Unveils Upcoming Privacy and Security Features
