Cloud application and security solutions provider F5 this week announced that it has agreed to acquire threat detection firm Threat Stack for $68 million in cash.
Threat Stack provides a platform that monitors cloud, hybrid cloud, multi-cloud, and containerized environments, and can automatically correlate events to identify suspicious activity.
Threat Stack has raised more than $72 million in funding, so deal does not appear to be a win for financial backers of the Boston, Mass.-based company.
F5 says that its application and API protection solutions will be combined with Threat Stack’s cloud security capabilities to enhance visibility across application infrastructure and workloads.
“Applications are the backbone of today’s modern businesses, and protecting them is mission critical for our customers,” said Haiyan Song, EVP of Security at F5. “Threat Stack brings technology and talent that will strengthen F5’s security capabilities and further our adaptive applications vision with broader cloud observability and actionable security insights for customers.”
The deal is expected to close in F5’s first quarter fiscal year 2022, ending December 31, 2021, and is expected to add roughly $15 million in revenue for fiscal year 2022.