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Akamai to Buy Cybersecurity Firm Prolexic for $370 Million
From: InfoSec News <alerts () infosecnews org>
Date: Tue, 3 Dec 2013 08:52:11 +0000 (UTC)
By BEN FOX RUBIN And DREW FITZGERALD
The Wall Street Journal
Dec. 2, 2013
Akamai Technologies Inc. agreed to buy Prolexic Technologies Inc. for
about $370 million in cash, expanding its cybersecurity offerings.
Prolexic specializes in technology that guards data centers against
distributed denial of service attacks, an increasingly common threat that
can shut down a website by flooding its address with fake information
requests. Akamai Chief Executive Tom Leighton said such attacks often
overwhelm otherwise strong technology because the onslaughts are becoming
bigger and less predictable.
"Scale has really been a killer for the traditional ways of defending a
website," Mr. Leighton said in an interview. "You need to stop the attack
traffic close to where it's coming from before it even gets to the data
Rising demand for online content continues to drive revenue growth at
Akamai, which runs a network of servers and other equipment that speed
delivery of Internet content. Akamai has reported double-digit sales
growth in recent years, and results in recent quarters often beat its own
expectations as well as Wall Street estimates.
Dean Bushmiller teaches a great 5-Day CISM in Albany NY Dec. 2 6.
Call 327-937-9786 for details.
- Akamai to Buy Cybersecurity Firm Prolexic for $370 Million InfoSec News (Dec 03)